FY2024 EPS Estimates for Ovintiv Lifted by Zacks Research

Ovintiv Inc. (TSE:OVV) – Analysts at Zacks Research lifted their FY2024 EPS estimates for shares of Ovintiv in a report released on Thursday, January 9th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $7.81 for the year, up from their prior estimate 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 report on Tuesday, October 15th. One research analyst has rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Ovintiv presently has a consensus rating of “Buy” and an average target price of C$58.50.

Ovintiv Stock Down 0.6 %

Ovintiv stock opened at C$60.64 on Friday. The stock’s fifty day moving average is C$59.34 and its two-hundred day moving average is C$59.07. The stock has a market cap of C$15.99 billion, a PE ratio of 6.21, a P/E/G ratio of 0.05 and a beta of 2.63. Ovintiv has a 1-year low of C$49.74 and a 1-year high of C$76.63. The company has a debt-to-equity ratio of 67.70, a current ratio of 0.44 and a quick ratio of 0.51.

Ovintiv Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.406 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Friday, December 13th. Ovintiv’s dividend payout ratio (DPR) is currently 16.58%.

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.