Q1 EPS Estimates for Ovintiv Raised by Capital One Financial

Ovintiv Inc. (TSE:OVV) – Equities researchers at Capital One Financial increased their Q1 2025 earnings estimates for shares of Ovintiv in a report issued on Monday, February 3rd. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings of $2.04 per share for the quarter, up from their previous forecast of $1.87. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share. Capital One Financial also issued estimates for Ovintiv’s FY2025 earnings at $9.15 EPS.

Ovintiv (TSE:OVV) last posted its earnings results on Thursday, November 7th. The company reported C$2.52 EPS for the quarter, topping analysts’ consensus estimates of C$1.49 by C$1.03. Ovintiv had a return on equity of 19.75% and a net margin of 18.84%. During the same period in the prior year, the company earned $2.33 EPS.

Separately, Siebert Williams Shank raised shares of Ovintiv to a “strong-buy” rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$58.50.

Ovintiv Stock Performance

TSE OVV opened at C$62.11 on Thursday. The company has a debt-to-equity ratio of 67.70, a current ratio of 0.44 and a quick ratio of 0.51. Ovintiv has a 1-year low of C$49.74 and a 1-year high of C$76.63. The business has a 50 day simple moving average of C$60.60 and a two-hundred day simple moving average of C$59.04. The stock has a market capitalization of C$16.37 billion, a PE ratio of 6.36, a P/E/G ratio of 0.05 and a beta of 2.63.

Ovintiv Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.406 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.62 annualized dividend and a yield of 2.61%. Ovintiv’s dividend payout ratio is currently 16.58%.

About Ovintiv

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.