Capital One Financial Raises Earnings Estimates for Ovintiv

Ovintiv Inc. (NYSE:OVV) – Analysts at Capital One Financial raised their FY2025 earnings estimates for shares of Ovintiv in a research report issued to clients and investors on Wednesday, March 5th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of $6.99 per share for the year, up from their previous estimate of $6.27. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. Capital One Financial also issued estimates for Ovintiv’s FY2026 earnings at $8.14 EPS.

Several other research analysts also recently issued reports on OVV. Wells Fargo & Company reduced their price target on shares of Ovintiv from $48.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Mizuho reduced their price target on shares of Ovintiv from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Truist Financial upped their price target on shares of Ovintiv from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. UBS Group cut their target price on shares of Ovintiv from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, December 9th. Finally, Citigroup cut their target price on shares of Ovintiv from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Ovintiv has a consensus rating of “Moderate Buy” and an average price target of $56.88.

Ovintiv Stock Up 1.5 %

Shares of NYSE:OVV opened at $38.55 on Monday. Ovintiv has a 52 week low of $36.62 and a 52 week high of $55.95. 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 company’s fifty day moving average is $43.04 and its 200-day moving average is $41.97. The company has a market capitalization of $10.03 billion, a PE ratio of 5.11 and a beta of 2.55.

Ovintiv Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Friday, March 14th. Ovintiv’s dividend payout ratio (DPR) is currently 28.57%.

Hedge Funds Weigh In On Ovintiv

A number of large investors have recently bought and sold shares of OVV. True Wealth Design LLC boosted its position in Ovintiv by 3,180.0% during the 3rd quarter. True Wealth Design LLC now owns 656 shares of the company’s stock worth $25,000 after acquiring an additional 636 shares during the last quarter. Colonial Trust Co SC acquired a new stake in shares of Ovintiv in the 4th quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of 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 last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Ovintiv by 71.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 805 shares of the company’s stock valued at $32,000 after buying an additional 335 shares during the last quarter. Finally, Mizuho Bank Ltd. acquired a new stake in shares of Ovintiv in the 4th quarter valued at approximately $40,000. 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.