Zacks Research Has Weak Outlook for Ovintiv FY2025 Earnings

Ovintiv Inc. (NYSE:OVV) – Zacks Research decreased their FY2025 earnings per share estimates for Ovintiv in a report released on Monday, November 24th. Zacks Research analyst Team now expects that the company will post earnings of $4.36 per share for the year, down from their previous estimate of $4.70. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv’s Q1 2026 earnings at $1.06 EPS, Q2 2026 earnings at $0.87 EPS, Q3 2026 earnings at $0.89 EPS, Q4 2026 earnings at $1.17 EPS, FY2026 earnings at $3.99 EPS, Q3 2027 earnings at $1.18 EPS and FY2027 earnings at $4.92 EPS.

A number of other analysts also recently issued reports on the company. William Blair initiated coverage on Ovintiv in a research note on Wednesday. They issued an “outperform” rating and a $50.00 target price for the company. Evercore ISI reissued an “outperform” rating and issued a $47.00 price objective on shares of Ovintiv in a report on Thursday, November 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Ovintiv in a research report on Monday. Barclays reduced their target price on shares of Ovintiv from $57.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Finally, Morgan Stanley dropped their price target on shares of Ovintiv from $48.00 to $46.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ovintiv presently has an average rating of “Moderate Buy” and a consensus price target of $51.83.

Ovintiv Stock Performance

Shares of Ovintiv stock opened at $40.44 on Wednesday. The business’s 50 day moving average price is $38.81 and its 200 day moving average price is $39.44. The company has a market cap of $10.24 billion, a price-to-earnings ratio of 17.89, 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 $46.45.

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

Ovintiv Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, December 15th. Ovintiv’s dividend payout ratio (DPR) is 131.87%.

Institutional Investors Weigh In On Ovintiv

A number of institutional investors and hedge funds have recently made changes to their positions in OVV. Kestra Private Wealth Services LLC boosted its position in shares of Ovintiv by 9.2% during the 1st quarter. Kestra Private Wealth Services LLC now owns 5,737 shares of the company’s stock worth $246,000 after purchasing an additional 482 shares during the period. Cetera Investment Advisers lifted its stake in Ovintiv by 27.0% during the first quarter. Cetera Investment Advisers now owns 36,997 shares of the company’s stock worth $1,583,000 after purchasing an additional 7,869 shares in the last quarter. HB Wealth Management LLC purchased a new position in shares of Ovintiv during the first quarter worth $241,000. LPL Financial LLC grew its stake in shares of Ovintiv by 13.3% in the first quarter. LPL Financial LLC now owns 101,389 shares of the company’s stock valued at $4,339,000 after buying an additional 11,897 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Ovintiv by 4.8% in the first quarter. Mackenzie Financial Corp now owns 572,645 shares of the company’s stock valued at $24,509,000 after buying an additional 26,195 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Ovintiv Company Profile

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.