Capital One Financial Reduces Earnings Estimates for Ovintiv

Ovintiv Inc. (NYSE:OVV) – Capital One Financial decreased their Q1 2025 earnings per share (EPS) estimates for shares of Ovintiv in a report released on Thursday, April 17th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings of $1.45 per share for the quarter, down from their prior forecast of $1.46. 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 $5.08 EPS.

Other equities research analysts have also recently issued reports about the stock. Scotiabank raised shares of Ovintiv to a “strong-buy” rating in a research report on Wednesday, March 19th. Morgan Stanley restated an “overweight” rating and set a $50.00 price target on shares of Ovintiv in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Ovintiv from $56.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Truist Financial increased their price objective on shares of Ovintiv from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Williams Trading set a $58.00 price objective on Ovintiv in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $56.06.

Ovintiv Stock Up 2.2 %

Shares of OVV opened at $33.81 on Friday. The firm has a market capitalization of $8.81 billion, a P/E ratio of 4.48 and a beta of 2.04. Ovintiv has a 12-month low of $29.80 and a 12-month high of $53.57. The firm has a fifty day moving average price of $39.84 and a 200-day moving average price of $41.43. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.46.

Institutional Investors Weigh In On Ovintiv

Several hedge funds have recently bought and sold shares of OVV. Colonial Trust Co SC purchased a new stake in Ovintiv during the 4th quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Ovintiv by 100.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 717 shares of the company’s stock worth $29,000 after purchasing an additional 360 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in 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 purchasing an additional 335 shares in the last quarter. Optiver Holding B.V. acquired a new stake in Ovintiv during the 4th quarter worth $40,000. Finally, Mizuho Bank Ltd. purchased a new stake in shares of Ovintiv during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Ovintiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.55%. Ovintiv’s payout ratio is currently 28.57%.

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.