Analysts Issue Forecasts for Ovintiv's Q1 Earnings (TSE:OVV)

Key Points

• Zacks Research raised Ovintiv’s Q1 2027 EPS forecast to $1.81 from $1.79, while the consensus full-year estimate stands at $5.66 per share.
• Analyst sentiment is strongly positive: Ovintiv has a consensus rating of “Strong Buy” and a consensus target price of C$75.00, supported by multiple recent rating upgrades.
• Ovintiv shares opened at C$88.94, near their 52-week high, and the company announced a quarterly dividend of $0.30 per share, equivalent to a 1.3% annualized yield.

Ovintiv Inc. (TSE:OVV - Free Report) - Stock analysts at Zacks Research raised their Q1 2027 earnings per share (EPS) estimates for Ovintiv in a research note issued to investors on Wednesday, September 9th. Zacks Research analyst Team now anticipates that the company will post earnings of $1.81 per share for the quarter, up from their prior estimate of $1.79. The consensus estimate for Ovintiv's current full-year earnings is $5.66 per share.

OVV has been the subject of a number of other reports. Citigroup raised shares of Ovintiv from a "hold" rating to a "strong-buy" rating and set a C$70.00 target price for the company in a report on Wednesday, May 20th. Seaport Research Partners raised shares of Ovintiv to a "hold" rating in a research note on Wednesday, September 2nd. Texas Capital upgraded shares of Ovintiv to a "strong-buy" rating in a research report on Thursday, June 25th. Finally, Wells Fargo & Company raised shares of Ovintiv to a "strong-buy" rating in a report on Wednesday, September 2nd. Seven research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ovintiv currently has a consensus rating of "Strong Buy" and a consensus target price of C$75.00.

Ovintiv Stock Up 0.6%

Shares of OVV opened at C$88.94 on Thursday. The company has a debt-to-equity ratio of 43.73, a current ratio of 1.01 and a quick ratio of 0.51. The stock has a market capitalization of C$24.60 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 0.05 and a beta of 0.37. Ovintiv has a 1 year low of C$50.13 and a 1 year high of C$93.43. The business's 50 day simple moving average is C$85.61 and its 200-day simple moving average is C$80.43.

Ovintiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.3%. Ovintiv's payout ratio is 33.52%.

Ovintiv Company Profile

Ovintiv Inc is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the province of Alberta. Ovintiv's primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin.

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