FY2024 EPS Estimates for Ovintiv Increased by Zacks Research

Ovintiv Inc. (TSE:OVV) – Equities researchers at Zacks Research upped their FY2024 earnings per share estimates for shares of Ovintiv in a research report issued on Thursday, January 9th. Zacks Research analyst R. Department now forecasts that the company will earn $7.81 per share for the year, up from their prior estimate of $7.78. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv’s Q1 2025 earnings at $1.47 EPS, Q2 2025 earnings at $1.44 EPS, Q3 2025 earnings at $1.67 EPS, Q4 2025 earnings at $1.90 EPS, FY2025 earnings at $6.48 EPS, Q1 2026 earnings at $1.27 EPS, Q2 2026 earnings at $1.34 EPS, Q3 2026 earnings at $1.84 EPS, Q4 2026 earnings at $2.65 EPS and FY2026 earnings at $7.10 EPS.

Separately, Siebert Williams Shank raised shares of Ovintiv to a “strong-buy” rating in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$58.50.

Ovintiv Trading Down 0.6 %

TSE OVV opened at C$60.64 on Friday. 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$15.99 billion, a P/E ratio of 6.21, a PEG ratio of 0.05 and a beta of 2.63. The firm’s 50-day moving average is C$59.34 and its two-hundred day moving average is C$59.07. Ovintiv has a 12 month low of C$49.74 and a 12 month high of C$76.63.

Ovintiv Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.406 per share. The ex-dividend date was Friday, December 13th. This represents a $1.62 annualized dividend and a dividend yield of 2.68%. Ovintiv’s dividend payout ratio is presently 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.