Zacks Research Estimates Ovintiv’s FY2024 Earnings (TSE:OVV)

Ovintiv Inc. (TSE:OVV) – Research analysts at Zacks Research boosted their FY2024 earnings estimates for Ovintiv in a research note issued to investors 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 previous forecast 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 Ovintiv to a “strong-buy” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$58.50.

Ovintiv Stock Performance

OVV opened at C$62.95 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 business’s 50-day moving average price is C$59.51 and its two-hundred day moving average price is C$59.03. Ovintiv has a 1 year low of C$49.74 and a 1 year high of C$76.63. The company has a market capitalization of C$16.59 billion, a price-to-earnings ratio of 6.44, a P/E/G ratio of 0.05 and a beta of 2.63.

Ovintiv Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.406 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.62 dividend on an annualized basis and a yield of 2.58%. Ovintiv’s dividend payout ratio is 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.