Ovintiv Inc. (NYSE:OVV – Free Report) – Zacks Research lifted their Q3 2025 earnings per share estimates for shares of Ovintiv in a report released on Friday, September 13th. Zacks Research analyst R. Department now forecasts that the company will earn $1.54 per share for the quarter, up from their previous estimate of $1.50. The consensus estimate for Ovintiv’s current full-year earnings is $5.81 per share.
OVV has been the topic of several other research reports. Truist Financial lifted their target price on shares of Ovintiv from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. TD Cowen boosted their price objective on Ovintiv from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Wolfe Research assumed coverage on Ovintiv in a research note on Thursday, July 18th. They set an “outperform” rating and a $65.00 target price for the company. UBS Group dropped their price target on Ovintiv from $66.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Evercore ISI reiterated an “outperform” rating and set a $60.00 price target on shares of Ovintiv in a report on Wednesday, July 10th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Ovintiv has a consensus rating of “Moderate Buy” and a consensus target price of $60.06.
Ovintiv Price Performance
Shares of Ovintiv stock opened at $39.93 on Monday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $43.46 and a 200-day simple moving average of $47.76. The stock has a market capitalization of $10.53 billion, a price-to-earnings ratio of 5.58, a PEG ratio of 6.24 and a beta of 2.62. Ovintiv has a 1-year low of $37.81 and a 1-year high of $55.95.
Ovintiv (NYSE:OVV – Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.02. Ovintiv had a return on equity of 18.28% and a net margin of 18.56%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.53 billion.
Ovintiv Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.01%. Ovintiv’s dividend payout ratio (DPR) is currently 16.76%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in OVV. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Ovintiv in the 2nd quarter valued at approximately $164,000. Sanctuary Advisors LLC acquired a new stake in Ovintiv in the 2nd quarter valued at $302,000. Cetera Investment Advisers grew its position in Ovintiv by 1.0% in the second quarter. Cetera Investment Advisers now owns 37,466 shares of the company’s stock valued at $1,756,000 after acquiring an additional 353 shares during the period. Quarry LP raised its stake in Ovintiv by 89.1% during the second quarter. Quarry LP now owns 40,902 shares of the company’s stock worth $1,917,000 after acquiring an additional 19,272 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Ovintiv by 21.5% during the second quarter. NewEdge Advisors LLC now owns 27,293 shares of the company’s stock valued at $1,279,000 after acquiring an additional 4,827 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Ovintiv
- What Are Dividends? Buy the Best Dividend Stocks
- Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion?
- What is a Bond Market Holiday? How to Invest and Trade
- Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge
- What is the Australian Securities Exchange (ASX)
- Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker
Receive News & Ratings for Ovintiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ovintiv and related companies with MarketBeat.com's FREE daily email newsletter.