Capital One Financial Expects Weaker Earnings for Ovintiv

Ovintiv Inc. (NYSE:OVV - Free Report) - Investment analysts at Capital One Financial lowered their Q1 2025 earnings estimates for shares of Ovintiv in a note issued to investors on Thursday, April 17th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings per share of $1.45 for the quarter, down from their previous estimate 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.

A number of other analysts also recently commented on OVV. Williams Trading set a $58.00 target price on Ovintiv in a research report on Wednesday, March 5th. Wells Fargo & Company upped their price target on shares of Ovintiv from $45.00 to $46.00 and gave the company an "equal weight" rating in a report on Tuesday. BMO Capital Markets raised shares of Ovintiv from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $55.00 to $57.00 in a research note on Monday, March 24th. JPMorgan Chase & Co. cut their price objective on Ovintiv from $56.00 to $45.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Finally, National Bankshares increased their target price on Ovintiv from $51.00 to $56.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. 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 currently has a consensus rating of "Buy" and a consensus target price of $56.12.

Ovintiv Price Performance

Shares of NYSE:OVV traded up $0.15 during trading on Friday, hitting $33.73. 1,475,595 shares of the stock were exchanged, compared to its average volume of 3,159,962. The company has a market cap of $8.78 billion, a PE ratio of 4.47 and a beta of 2.04. 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 company has a fifty day moving average price of $39.22 and a two-hundred day moving average price of $41.25. Ovintiv has a 12-month low of $29.80 and a 12-month high of $53.57.

Ovintiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.56%. The ex-dividend date was Friday, March 14th. Ovintiv's dividend payout ratio is currently 28.57%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Colonial Trust Co SC bought a new position in shares of Ovintiv in the fourth quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB boosted its stake in Ovintiv by 100.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 717 shares of the company's stock valued at $29,000 after purchasing an additional 360 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Ovintiv by 71.3% during 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 during the period. Mizuho Bank Ltd. bought a new stake in shares of Ovintiv in the 4th quarter worth $40,000. Finally, Optiver Holding B.V. bought a new position in Ovintiv during the fourth quarter valued at about $40,000. 83.81% of the stock is owned by institutional investors and hedge funds.

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.