William Blair Weighs in on Ovintiv FY2025 Earnings

Ovintiv Inc. (NYSE:OVV) – Equities research analysts at William Blair issued their FY2025 EPS estimates for Ovintiv in a research note issued to investors on Wednesday, November 26th. William Blair analyst N. Dingmann forecasts that the company will post earnings of $4.26 per share for the year. William Blair has a “Outperform” rating and a $50.00 price target on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. William Blair also issued estimates for Ovintiv’s FY2026 earnings at $4.36 EPS, FY2027 earnings at $6.20 EPS, FY2028 earnings at $6.98 EPS and FY2029 earnings at $6.94 EPS.

Ovintiv (NYSE:OVV) last released its earnings results on Tuesday, November 4th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.86 billion. Ovintiv had a net margin of 6.46% and a return on equity of 14.24%.

Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada set a $55.00 price target on shares of Ovintiv and gave the company an “outperform” rating in a research report on Wednesday, October 15th. JPMorgan Chase & Co. cut their price target on shares of Ovintiv from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Friday, October 3rd. Wells Fargo & Company lifted their price target on shares of Ovintiv from $38.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 18th. Zacks Research upgraded Ovintiv from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, Mizuho reduced their target price on Ovintiv from $58.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $51.83.

Ovintiv Stock Performance

Shares of Ovintiv stock opened at $40.87 on Monday. The business’s 50 day moving average price is $38.80 and its 200 day moving average price is $39.46. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.89 and a beta of 1.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.43 and a current ratio of 0.43. Ovintiv has a one year low of $29.80 and a one year high of $46.35.

Hedge Funds Weigh In On Ovintiv

Several hedge funds have recently bought and sold shares of the company. McIlrath & Eck LLC acquired a new position in Ovintiv in the 3rd quarter valued at about $31,000. IFP Advisors Inc boosted its stake in shares of Ovintiv by 316.7% in the second quarter. IFP Advisors Inc now owns 846 shares of the company’s stock valued at $32,000 after purchasing an additional 643 shares during the period. Dogwood Wealth Management LLC acquired a new position in shares of Ovintiv in the second quarter valued at approximately $35,000. Foster Dykema Cabot & Partners LLC purchased a new stake in Ovintiv during the 3rd quarter worth approximately $36,000. Finally, HM Payson & Co. purchased a new stake in Ovintiv during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Ovintiv Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. Ovintiv’s payout ratio is presently 131.87%.

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.