Ovintiv Inc. (NYSE:OVV – Free Report) – Investment analysts at Capital One Financial increased their FY2024 earnings per share (EPS) estimates for shares of Ovintiv in a note issued to investors on Tuesday, January 14th. Capital One Financial analyst P. Johnston now expects that the company will earn $5.57 per share for the year, up from their prior forecast of $5.51. The consensus estimate for Ovintiv’s current full-year earnings is $5.47 per share. Capital One Financial also issued estimates for Ovintiv’s Q4 2024 earnings at $1.06 EPS, Q2 2025 earnings at $1.54 EPS, Q3 2025 earnings at $1.63 EPS, Q4 2025 earnings at $1.69 EPS and FY2026 earnings at $7.01 EPS.
Other equities analysts have also recently issued research reports about the stock. Scotiabank raised their target price on shares of Ovintiv from $50.00 to $53.00 and gave the company a “sector outperform” rating in a research note on Monday, November 18th. Barclays boosted their price objective on Ovintiv from $53.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Siebert Williams Shank raised shares of Ovintiv to a “strong-buy” rating in a research note on Tuesday, October 15th. Truist Financial increased their price objective on Ovintiv from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Monday. Finally, Bank of America upgraded Ovintiv from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $55.00 to $54.00 in a report on Monday. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.81.
Ovintiv Trading Up 0.4 %
NYSE:OVV opened at $45.91 on Thursday. Ovintiv has a 1 year low of $36.90 and a 1 year high of $55.95. The business has a fifty day moving average of $42.29 and a 200-day moving average of $42.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market cap of $11.95 billion, a price-to-earnings ratio of 6.09 and a beta of 2.63.
Ovintiv Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.30 per share. The ex-dividend date was Friday, December 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.61%. Ovintiv’s dividend payout ratio is presently 15.92%.
Institutional Trading of Ovintiv
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC boosted its position in shares of Ovintiv by 3,180.0% in the third quarter. True Wealth Design LLC now owns 656 shares of the company’s stock valued at $25,000 after acquiring an additional 636 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in Ovintiv by 100.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 717 shares of the company’s stock valued at $29,000 after buying an additional 360 shares during the period. UMB Bank n.a. boosted its holdings in Ovintiv by 27.7% during the third quarter. UMB Bank n.a. now owns 1,317 shares of the company’s stock valued at $50,000 after purchasing an additional 286 shares in the last quarter. Transamerica Financial Advisors Inc. acquired a new position in Ovintiv during the third quarter worth $65,000. Finally, Covestor Ltd boosted its position in Ovintiv by 43.9% in the third quarter. Covestor Ltd now owns 1,835 shares of the company’s stock valued at $70,000 after buying an additional 560 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Ovintiv
- What Are the U.K. Market Holidays? How to Invest and Trade
- Cerence AI: One-Hit Wonder or Long-Term Winner After NVIDIA Pact?
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- UnitedHealth Group Pulls Back Into Another Healthy Opportunity
- Options Trading – Understanding Strike Price
- Micron Technology: Riding the AI Wave to Long-Term Growth
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.