Ovintiv Inc. (TSE:OVV – Free Report) – Capital One Financial lowered their FY2024 EPS estimates for Ovintiv in a note issued to investors on Monday, November 18th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $7.69 for the year, down from their prior forecast of $7.78. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share. Capital One Financial also issued estimates for Ovintiv’s Q4 2024 earnings at $1.37 EPS, FY2025 earnings at $6.43 EPS and FY2026 earnings at $8.19 EPS.
Separately, Siebert Williams Shank upgraded Ovintiv to a “strong-buy” rating in a report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$58.50.
Ovintiv Stock Down 1.1 %
TSE:OVV opened at C$62.34 on Wednesday. The stock has a 50 day moving average of C$56.25 and a 200-day moving average of C$60.95. The firm has a market capitalization of C$16.43 billion, a PE ratio of 6.38, a price-to-earnings-growth ratio of 0.05 and a beta of 2.63. The company has a current ratio of 0.44, a quick ratio of 0.51 and a debt-to-equity ratio of 67.70. Ovintiv has a 52 week low of C$49.74 and a 52 week high of C$76.63.
Ovintiv Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.406 dividend. This represents a $1.62 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, December 13th. Ovintiv’s dividend payout ratio (DPR) is presently 16.58%.
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.
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