Q1 2025 Earnings Estimate for Ovintiv Inc. Issued By Zacks Research (TSE:OVV)

Ovintiv Inc. (TSE:OVV – Get Rating) – Analysts at Zacks Research lowered their Q1 2025 EPS estimates for shares of Ovintiv in a research report issued to clients and investors on Tuesday, May 23rd. Zacks Research analyst N. Choudhury now forecasts that the company will post earnings of $3.15 per share for the quarter, down from their prior estimate of $3.48. The consensus estimate for Ovintiv’s current full-year earnings is $10.98 per share.

Separately, Royal Bank of Canada dropped their price objective on shares of Ovintiv from C$57.00 to C$55.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 4th.

Ovintiv Price Performance

Shares of OVV opened at C$46.93 on Thursday. Ovintiv has a fifty-two week low of C$43.23 and a fifty-two week high of C$79.28. The company has a debt-to-equity ratio of 58.43, a quick ratio of 0.51 and a current ratio of 0.61. The company has a market capitalization of C$11.48 billion, a price-to-earnings ratio of 2.02, a price-to-earnings-growth ratio of 0.05 and a beta of 3.58. The firm has a 50-day simple moving average of C$48.44 and a 200-day simple moving average of C$59.93.

Ovintiv (TSE:OVV – Get Rating) last posted its earnings results on Monday, February 27th. The company reported C$1.23 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.48 by C($1.25). The business had revenue of C$4.36 billion during the quarter, compared to the consensus estimate of C$3.10 billion.

Ovintiv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be issued a dividend of $0.406 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Wednesday, June 14th. This is an increase from Ovintiv’s previous quarterly dividend of $0.33. Ovintiv’s dividend payout ratio is currently 6.98%.

About Ovintiv

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Ovintiv Inc, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It operates through USA Operations, Canadian Operations, and Market Optimization segments. The company's principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.