Capital One Financial Forecasts Reduced Earnings for Ovintiv

Ovintiv Inc. (TSE:OVV) – Equities researchers at Capital One Financial decreased their Q1 2025 EPS estimates for Ovintiv in a research report issued to clients and investors on Tuesday, January 14th. Capital One Financial analyst P. Johnston now expects that the company will earn $1.87 per share for the quarter, down from their previous estimate of $2.02. 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 $8.85 EPS.

Separately, Siebert Williams Shank raised shares of Ovintiv to a “strong-buy” rating in a research 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$58.50.

Ovintiv Trading Up 0.1 %

Shares of TSE:OVV opened at C$66.18 on Friday. The company’s 50-day moving average price is C$60.18 and its two-hundred day moving average price is C$59.10. Ovintiv has a one year low of C$49.74 and a one year high of C$76.63. The company has a debt-to-equity ratio of 67.70, a current ratio of 0.44 and a quick ratio of 0.51. The stock has a market capitalization of C$17.45 billion, a PE ratio of 6.77, a price-to-earnings-growth ratio of 0.05 and a beta of 2.63.

Ovintiv Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.406 per share. This represents a $1.62 annualized dividend and a yield of 2.45%. The ex-dividend date was Friday, December 13th. Ovintiv’s payout ratio is 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.