Zacks Research Has Strong Forecast for Ovintiv Q1 Earnings

Ovintiv Inc. (NYSE:OVV) – Research analysts at Zacks Research upped their Q1 2025 EPS estimates for shares of Ovintiv in a research note issued to investors on Wednesday, April 16th. Zacks Research analyst R. Department now anticipates that the company will earn $1.24 per share for the quarter, up from their previous estimate of $1.11. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv’s Q2 2025 earnings at $1.23 EPS, Q3 2025 earnings at $1.31 EPS, Q4 2025 earnings at $1.52 EPS, FY2025 earnings at $5.29 EPS, Q1 2026 earnings at $1.16 EPS, Q2 2026 earnings at $1.31 EPS, FY2026 earnings at $5.73 EPS and Q1 2027 earnings at $1.25 EPS.

A number of other analysts also recently weighed in on the stock. Scotiabank raised shares of Ovintiv to a “strong-buy” rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. decreased their price objective on shares of Ovintiv from $56.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Barclays boosted their target price on shares of Ovintiv from $57.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. BMO Capital Markets upgraded Ovintiv from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $55.00 to $57.00 in a report on Monday, March 24th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $50.00 price objective on shares of Ovintiv in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $56.06.

Ovintiv Trading Up 2.2 %

NYSE OVV opened at $33.81 on Friday. Ovintiv has a 12 month low of $29.80 and a 12 month high of $53.57. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $8.81 billion, a PE ratio of 4.48 and a beta of 2.04. The business’s 50-day moving average price is $39.61 and its two-hundred day moving average price is $41.39.

Institutional Trading of Ovintiv

Several institutional investors and hedge funds have recently made changes to their positions in OVV. Ninepoint Partners LP increased its stake in Ovintiv by 16.9% in the 4th quarter. Ninepoint Partners LP now owns 225,000 shares of the company’s stock valued at $9,112,000 after buying an additional 32,500 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Ovintiv by 16.0% during the third quarter. Franklin Resources Inc. now owns 270,968 shares of the company’s stock valued at $11,527,000 after acquiring an additional 37,341 shares during the last quarter. Westpac Banking Corp lifted its holdings in Ovintiv by 64.8% during the fourth quarter. Westpac Banking Corp now owns 31,369 shares of the company’s stock worth $1,270,000 after acquiring an additional 12,340 shares during the period. Retirement Systems of Alabama boosted its position in Ovintiv by 4.4% in the third quarter. Retirement Systems of Alabama now owns 320,759 shares of the company’s stock worth $12,288,000 after purchasing an additional 13,536 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Ovintiv by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,913,774 shares of the company’s stock valued at $77,508,000 after purchasing an additional 45,147 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Ovintiv Announces Dividend

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

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.