Ovintiv Inc. (TSE:OVV) to Post FY2024 Earnings of $7.48 Per Share, Zacks Research Forecasts

Ovintiv Inc. (TSE:OVV) – Analysts at Zacks Research reduced their FY2024 earnings estimates for shares of Ovintiv in a research report issued to clients and investors on Friday, September 13th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $7.48 per share for the year, down from their previous estimate of $7.49. The consensus estimate for Ovintiv’s current full-year earnings is $9.06 per share. Zacks Research also issued estimates for Ovintiv’s Q3 2025 earnings at $2.09 EPS and Q2 2026 earnings at $1.71 EPS.

OVV has been the subject of several other reports. Wolfe Research raised Ovintiv to a “strong-buy” rating in a research report on Thursday, July 18th. Evercore ISI raised Ovintiv from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th.

Ovintiv Stock Performance

TSE OVV opened at C$53.24 on Monday. The company has a market cap of C$14.03 billion, a P/E ratio of 5.53, a P/E/G ratio of 0.05 and a beta of 2.64. 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 50-day moving average of C$59.79 and a two-hundred day moving average of C$65.40. Ovintiv has a 1-year low of C$51.51 and a 1-year high of C$76.63.

Ovintiv (TSE:OVV) last released its earnings results on Tuesday, July 30th. The company reported C$1.69 earnings per share for the quarter, beating the consensus estimate of C$1.67 by C$0.02. The company had revenue of C$3.13 billion during the quarter, compared to the consensus estimate of C$3.46 billion. Ovintiv had a return on equity of 19.75% and a net margin of 18.84%.

Ovintiv Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, September 13th. Ovintiv’s dividend payout ratio is presently 17.24%.

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.