Zacks Research Weighs in on Ovintiv’s Q1 Earnings (NYSE:OVV)

Ovintiv Inc. (NYSE:OVV) – Research analysts at Zacks Research lifted their Q1 2025 earnings estimates for shares of Ovintiv in a research report issued to clients and investors on Tuesday, March 18th. Zacks Research analyst R. Department now expects that the company will earn $1.09 per share for the quarter, up from their previous forecast of $1.05. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv’s Q2 2025 earnings at $1.15 EPS, Q3 2025 earnings at $1.23 EPS, Q4 2025 earnings at $1.42 EPS, FY2025 earnings at $4.90 EPS, Q1 2026 earnings at $1.07 EPS, Q4 2026 earnings at $1.98 EPS, FY2026 earnings at $5.57 EPS and FY2027 earnings at $6.07 EPS.

OVV has been the topic of a number of other reports. National Bankshares lifted their price objective on Ovintiv from $51.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. UBS Group reduced their price target on Ovintiv from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, December 9th. Barclays increased their price target on Ovintiv from $57.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Bank of America raised shares of Ovintiv from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $55.00 to $54.00 in a research report on Monday, January 13th. Finally, Citigroup cut their price target on Ovintiv from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Ovintiv presently has an average rating of “Moderate Buy” and a consensus price target of $56.78.

Ovintiv Stock Down 0.4 %

OVV opened at $42.18 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.52. The business has a 50 day moving average price of $42.84 and a 200 day moving average price of $41.80. The firm has a market cap of $10.98 billion, a P/E ratio of 5.59 and a beta of 2.55. Ovintiv has a twelve month low of $36.62 and a twelve month high of $55.95.

Institutional Investors Weigh In On Ovintiv

Several institutional investors and hedge funds have recently made changes to their positions in OVV. True Wealth Design LLC boosted its position in Ovintiv by 3,180.0% during the third quarter. True Wealth Design LLC now owns 656 shares of the company’s stock valued at $25,000 after acquiring an additional 636 shares during the last quarter. Colonial Trust Co SC bought a new stake in shares of Ovintiv during the fourth quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB raised its holdings in Ovintiv by 100.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 717 shares of the company’s stock worth $29,000 after buying an additional 360 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Ovintiv by 71.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 805 shares of the company’s stock valued at $32,000 after purchasing an additional 335 shares during the last quarter. Finally, Optiver Holding B.V. purchased a new stake in shares of Ovintiv in the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Ovintiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Friday, March 14th. Ovintiv’s payout ratio is 28.57%.

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.