Zacks Research Issues Negative Forecast for Ovintiv Earnings

Key Points

• Zacks Research has revised Ovintiv's FY2025 earnings per share (EPS) estimate down to $4.85, reflecting a decrease from a previous estimate of $5.12.
• The company announced a quarterly dividend of $0.30, scheduled to be paid on September 29th, with an annualized yield of 2.8%.
• Ovintiv's stock currently has an average rating of "Buy" and a consensus price target of $53.07 according to MarketBeat data.

Ovintiv Inc. (NYSE:OVV - Free Report) - Analysts at Zacks Research cut their FY2025 earnings per share (EPS) estimates for Ovintiv in a research note issued on Wednesday, September 3rd. Zacks Research analyst Team now forecasts that the company will post earnings of $4.85 per share for the year, down from their prior forecast of $5.12. The consensus estimate for Ovintiv's current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv's Q1 2026 earnings at $1.19 EPS, Q2 2026 earnings at $1.03 EPS, Q3 2026 earnings at $1.11 EPS, Q4 2026 earnings at $1.38 EPS, FY2026 earnings at $4.71 EPS, Q1 2027 earnings at $1.26 EPS, Q2 2027 earnings at $1.32 EPS and FY2027 earnings at $5.73 EPS.

Several other research analysts have also weighed in on OVV. Wells Fargo & Company reduced their target price on Ovintiv from $46.00 to $41.00 and set an "equal weight" rating on the stock in a report on Monday, June 16th. TD Cowen upgraded Ovintiv to a "strong-buy" rating in a report on Monday, July 7th. Scotiabank upped their target price on Ovintiv from $48.00 to $51.00 and gave the stock a "sector outperform" rating in a report on Friday, July 11th. Mizuho dropped their target price on Ovintiv from $60.00 to $58.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Finally, The Goldman Sachs Group upgraded Ovintiv from a "neutral" rating to a "buy" rating and upped their target price for the stock from $47.00 to $51.00 in a report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Ovintiv presently has a consensus rating of "Buy" and a consensus price target of $53.07.

Ovintiv Trading Up 2.2%

OVV stock traded up $0.90 during midday trading on Friday, hitting $42.35. 1,027,401 shares of the company's stock were exchanged, compared to its average volume of 3,503,175. The stock's fifty day moving average price is $40.51 and its 200-day moving average price is $38.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market cap of $10.88 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 5.27 and a beta of 1.08. Ovintiv has a one year low of $29.80 and a one year high of $47.18.

Ovintiv (NYSE:OVV - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.02). The business 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. Ovintiv's dividend payout ratio is presently 53.10%.

Hedge Funds Weigh In On Ovintiv

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Ovintiv by 3.3% in the first quarter. Vanguard Group Inc. now owns 30,423,206 shares of the company's stock valued at $1,302,113,000 after purchasing an additional 959,711 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Ovintiv by 3.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 9,571,397 shares of the company's stock valued at $364,192,000 after buying an additional 312,827 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Ovintiv by 3.5% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 8,437,152 shares of the company's stock valued at $361,110,000 after buying an additional 284,656 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Ovintiv by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 5,708,987 shares of the company's stock valued at $244,338,000 after buying an additional 146,749 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Ovintiv by 69.7% during the first quarter. AQR Capital Management LLC now owns 5,572,732 shares of the company's stock worth $238,513,000 after purchasing an additional 2,288,989 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

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.