Q1 EPS Estimates for Ovintiv Lifted by Capital One Financial

Ovintiv Inc. (NYSE:OVV) – Capital One Financial lifted their Q1 2025 earnings per share estimates for Ovintiv in a note issued to investors on Monday, November 18th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $1.02 for the quarter, up from their prior estimate of $0.99. The consensus estimate for Ovintiv’s current full-year earnings is $5.14 per share. Capital One Financial also issued estimates for Ovintiv’s Q2 2025 earnings at $1.13 EPS, Q3 2025 earnings at $1.20 EPS, Q4 2025 earnings at $1.24 EPS and FY2025 earnings at $4.59 EPS.

OVV has been the subject of a number of other reports. Citigroup decreased their target price on Ovintiv from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, October 7th. Truist Financial lifted their price objective on shares of Ovintiv from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Morgan Stanley cut their price target on Ovintiv from $53.00 to $51.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Siebert Williams Shank raised Ovintiv to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lowered their price objective on Ovintiv from $60.00 to $51.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Ovintiv currently has a consensus rating of “Moderate Buy” and an average target price of $56.71.

Ovintiv Stock Down 0.8 %

Ovintiv stock opened at $44.62 on Tuesday. The firm has a market capitalization of $11.62 billion, a price-to-earnings ratio of 5.92 and a beta of 2.62. The company’s 50 day simple moving average is $40.92 and its 200 day simple moving average is $44.31. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.52 and a quick ratio of 0.52. Ovintiv has a fifty-two week low of $36.90 and a fifty-two week high of $55.95.

Hedge Funds Weigh In On Ovintiv

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. True Wealth Design LLC increased its holdings in 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 purchasing an additional 636 shares during the period. Innealta Capital LLC bought a new stake in shares of Ovintiv in the 2nd quarter valued at about $39,000. UMB Bank n.a. increased its stake in shares of Ovintiv by 27.7% in the third quarter. UMB Bank n.a. now owns 1,317 shares of the company’s stock valued at $50,000 after buying an additional 286 shares during the period. International Assets Investment Management LLC bought a new position in shares of Ovintiv during the second quarter worth about $69,000. Finally, Covestor Ltd raised its position in shares of Ovintiv by 23.1% during the first quarter. Covestor Ltd now owns 1,559 shares of the company’s stock worth $81,000 after acquiring an additional 293 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Ovintiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Friday, December 13th. Ovintiv’s payout ratio is 15.92%.

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.