Capital One Financial Reduces Earnings Estimates for Ovintiv

Key Points

• Capital One Financial has lowered its FY2025 earnings estimate for Ovintiv to $4.13 per share, down from a prior forecast of $4.62, while the consensus estimate is $5.59 per share.
• Ovintiv's stock has seen a 2.3% decline, opening at $36.42 amid adjustments to earnings forecasts and varying target price ratings from analysts.
• The company recently paid a quarterly dividend of $0.30 per share, representing an annualized dividend yield of 3.3% with a payout ratio of 53.10%.

Ovintiv Inc. (NYSE:OVV - Free Report) - Equities researchers at Capital One Financial dropped their FY2025 earnings estimates for Ovintiv in a research note issued on Wednesday, October 15th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $4.13 for the year, down from their prior forecast of $4.62. The consensus estimate for Ovintiv's current full-year earnings is $5.59 per share. Capital One Financial also issued estimates for Ovintiv's Q4 2025 earnings at $0.81 EPS, Q1 2026 earnings at $1.01 EPS, Q2 2026 earnings at $1.07 EPS, Q3 2026 earnings at $1.12 EPS, Q4 2026 earnings at $1.15 EPS, FY2026 earnings at $4.36 EPS and FY2027 earnings at $4.86 EPS.

Several other equities research analysts have also recently commented on the company. Roth Capital assumed coverage on Ovintiv in a research note on Monday. They issued a "neutral" rating and a $42.00 target price on the stock. Mizuho reduced their target price on shares of Ovintiv from $58.00 to $50.00 and set an "outperform" rating for the company in a report on Monday, September 15th. Evercore ISI raised their target price on shares of Ovintiv from $42.00 to $43.00 and gave the company an "outperform" rating in a research report on Monday, October 6th. Citigroup set a $54.00 price target on shares of Ovintiv and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Barclays reduced their price objective on shares of Ovintiv from $57.00 to $55.00 and set an "overweight" rating for the company in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $51.29.

Ovintiv Stock Down 2.3%

OVV stock opened at $36.42 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $9.36 billion, a P/E ratio of 16.12, a P/E/G ratio of 5.34 and a beta of 0.97. Ovintiv has a fifty-two week low of $29.80 and a fifty-two week high of $47.18. The business has a 50-day moving average of $40.54 and a 200-day moving average of $38.70.

Ovintiv (NYSE:OVV - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $1.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.02). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.92 billion. Ovintiv had a return on equity of 14.24% and a net margin of 6.46%.

Ovintiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, September 15th. Ovintiv's dividend payout ratio (DPR) is 53.10%.

Institutional Investors Weigh In On Ovintiv

Several hedge funds have recently bought and sold shares of the company. IFP Advisors Inc increased its position in Ovintiv by 316.7% during the second quarter. IFP Advisors Inc now owns 846 shares of the company's stock worth $32,000 after buying an additional 643 shares during the last quarter. Dogwood Wealth Management LLC bought a new position in shares of Ovintiv during the 2nd quarter worth approximately $35,000. Harbour Investments Inc. boosted its stake in shares of Ovintiv by 143.8% during the 1st quarter. Harbour Investments Inc. now owns 919 shares of the company's stock worth $39,000 after acquiring an additional 542 shares during the period. Gen Wealth Partners Inc increased its holdings in shares of Ovintiv by 91.8% during the 1st quarter. Gen Wealth Partners Inc now owns 1,011 shares of the company's stock worth $43,000 after acquiring an additional 484 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in Ovintiv in the 1st quarter valued at $48,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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.

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