Zacks Research Estimates Ovintiv’s FY2025 Earnings (TSE:OVV)

Ovintiv Inc. (TSE:OVV) – Stock analysts at Zacks Research boosted their FY2025 earnings estimates for Ovintiv in a research note issued to investors on Tuesday, February 3rd. Zacks Research analyst Team now expects that the company will earn $5.94 per share for the year, up from their prior estimate of $5.92. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share.

OVV has been the subject of several other research reports. Royal Bank Of Canada raised Ovintiv from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, October 15th. Scotiabank cut Ovintiv from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Wells Fargo & Company raised Ovintiv to a “hold” rating in a report on Friday, October 17th. Stephens raised shares of Ovintiv to a “hold” rating in a research note on Tuesday. Finally, William Blair upgraded shares of Ovintiv to a “strong-buy” rating in a research report on Wednesday, November 26th. Four research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Ovintiv Stock Up 3.3%

OVV opened at C$63.50 on Thursday. The firm has a market capitalization of C$17.99 billion, a P/E ratio of 68.28, a price-to-earnings-growth ratio of 0.05 and a beta of 1.05. Ovintiv has a one year low of C$42.35 and a one year high of C$65.73. The company has a fifty day moving average price of C$55.68 and a 200-day moving average price of C$55.38. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.52 and a quick ratio of 0.51.

Ovintiv (TSE:OVV) last posted its earnings results on Tuesday, November 4th. The company reported C$0.57 earnings per share for the quarter. Ovintiv had a net margin of 20.34% and a return on equity of 19.62%. The business had revenue of C$2.88 billion for the quarter.

Ovintiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, December 15th. Ovintiv’s dividend payout ratio (DPR) is presently 129.03%.

About Ovintiv

Ovintiv Inc is a leading North American exploration and production (E&P) company focused on developing its high-quality, multi-basin portfolio. Ovintiv works to safely produce crude oil and natural gas-products that make modern life possible for all. The Company is focused on creating long-term shareholder value while contributing to the strength and sustainability of the communities where it operates.