Capital One Financial Forecasts Reduced Earnings for Ovintiv

Key Points

• Capital One Financial has lowered its FY2025 earnings per share estimate for Ovintiv Inc. from $5.23 to $4.74, below the consensus estimate of $5.59.
• Ovintiv recently announced a quarterly dividend of $0.30 per share, with a dividend yield of 2.8%.
• Several analysts have upgraded their ratings on Ovintiv, with the stock currently holding a consensus rating of "Buy" and a target price of $53.07.

Ovintiv Inc. (NYSE:OVV - Free Report) - Stock analysts at Capital One Financial reduced their FY2025 earnings per share estimates for Ovintiv in a research report issued on Wednesday, August 27th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $4.74 for the year, down from their previous estimate of $5.23. 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 $1.29 EPS, Q1 2026 earnings at $0.99 EPS, Q3 2026 earnings at $1.04 EPS, Q4 2026 earnings at $1.07 EPS, FY2026 earnings at $4.12 EPS and FY2027 earnings at $4.46 EPS.

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

A number of other research firms have also weighed in on OVV. TD Cowen upgraded Ovintiv to a "strong-buy" rating in a research note on Monday, July 7th. Mizuho reduced their price target on shares of Ovintiv from $60.00 to $58.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Morgan Stanley set a $48.00 price objective on shares of Ovintiv and gave the company an "equal weight" rating in a report on Monday, August 18th. Scotiabank boosted their price objective on shares of Ovintiv from $48.00 to $51.00 and gave the company a "sector outperform" rating in a research report on Friday, July 11th. Finally, UBS Group raised their target price on shares of Ovintiv from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $53.07.

Ovintiv Trading Up 1.5%

Shares of OVV stock traded up $0.64 on Monday, reaching $42.76. 2,572,891 shares of the company's stock were exchanged, compared to its average volume of 2,723,516. The company's fifty day simple moving average is $40.12 and its 200 day simple moving average is $38.89. Ovintiv has a 52 week low of $29.80 and a 52 week high of $47.18. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $10.99 billion, a PE ratio of 7.47, a P/E/G ratio of 5.35 and a beta of 1.08.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Atlas Capital Advisors Inc. raised its position in shares of Ovintiv by 1,681.1% in the 1st quarter. Atlas Capital Advisors Inc. now owns 13,875 shares of the company's stock worth $594,000 after acquiring an additional 13,096 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Ovintiv in the 4th quarter worth $25,272,000. Raymond James Financial Inc. raised its position in shares of Ovintiv by 204.2% in the 1st quarter. Raymond James Financial Inc. now owns 583,839 shares of the company's stock worth $24,988,000 after acquiring an additional 391,923 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Ovintiv by 383.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,258,570 shares of the company's stock worth $396,267,000 after purchasing an additional 7,344,796 shares during the last quarter. Finally, AXA S.A. grew its holdings in Ovintiv by 56.7% in the fourth quarter. AXA S.A. now owns 21,715 shares of the company's stock worth $879,000 after purchasing an additional 7,853 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Ovintiv Dividend Announcement

The business also recently declared 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. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Ovintiv's payout ratio is presently 53.10%.

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.