Ovintiv Inc. (TSE:OVV - Free Report) - Analysts at Zacks Research increased their FY2024 EPS estimates for shares of Ovintiv in a research report issued on Thursday, January 16th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $7.87 for the year, up from their previous forecast of $7.81. The consensus estimate for Ovintiv's current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv's Q4 2024 earnings at $1.38 EPS, Q1 2025 earnings at $1.51 EPS, Q2 2025 earnings at $1.47 EPS, Q3 2025 earnings at $1.71 EPS, Q4 2025 earnings at $1.96 EPS, FY2025 earnings at $6.64 EPS, Q1 2026 earnings at $1.40 EPS, Q2 2026 earnings at $1.42 EPS, Q3 2026 earnings at $1.91 EPS, Q4 2026 earnings at $2.82 EPS and FY2026 earnings at $7.54 EPS.
Separately, Siebert Williams Shank raised shares of Ovintiv to a "strong-buy" rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Ovintiv currently has a consensus rating of "Buy" and an average price target of C$58.50.
Read Our Latest Research Report on Ovintiv
Ovintiv Trading Down 0.3 %
Shares of TSE OVV traded down C$0.21 during trading hours on Monday, reaching C$65.97. The stock had a trading volume of 60,372 shares, compared to its average volume of 152,913. The firm has a market cap of C$17.39 billion, a price-to-earnings ratio of 6.75, a P/E/G ratio of 0.05 and a beta of 2.63. The company has a current ratio of 0.44, a quick ratio of 0.51 and a debt-to-equity ratio of 67.70. Ovintiv has a 52-week low of C$49.74 and a 52-week high of C$76.63. The business's fifty day moving average price is C$60.30 and its two-hundred day moving average price is C$59.08.
Ovintiv Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.406 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, December 13th. Ovintiv's dividend payout ratio (DPR) is currently 16.58%.
About Ovintiv
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Ovintiv Inc, together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.
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