Ovintiv (OVV) Projected to Post Quarterly Earnings on Thursday

Ovintiv (NYSE:OVV - Get Free Report) will likely be issuing its Q2 2025 quarterly earnings data after the market closes on Thursday, July 24th. Analysts expect the company to announce earnings of $1.18 per share and revenue of $1.92 billion for the quarter.

Ovintiv (NYSE:OVV - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.22. The firm had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.23 billion. Ovintiv had a net margin of 6.84% and a return on equity of 14.89%. On average, analysts expect Ovintiv to post $6 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Ovintiv Stock Performance

NYSE OVV traded up $0.03 during trading hours on Friday, hitting $40.05. 2,812,264 shares of the stock were exchanged, compared to its average volume of 3,365,865. The company has a market cap of $10.41 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.08. Ovintiv has a 12-month low of $29.80 and a 12-month high of $48.35. The stock has a 50-day moving average of $38.90 and a 200 day moving average of $39.67. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.44.

Ovintiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.30 per share. The ex-dividend date was Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.00%. Ovintiv's payout ratio is currently 51.06%.

Institutional Investors Weigh In On Ovintiv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Focus Partners Wealth increased its stake in Ovintiv by 49.3% during the 1st quarter. Focus Partners Wealth now owns 19,282 shares of the company's stock worth $825,000 after buying an additional 6,364 shares during the period. Integrated Wealth Concepts LLC increased its stake in Ovintiv by 70.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 9,127 shares of the company's stock worth $391,000 after buying an additional 3,788 shares during the period. Great Lakes Advisors LLC purchased a new stake in Ovintiv during the 1st quarter worth $202,000. Finally, Geneos Wealth Management Inc. increased its stake in Ovintiv by 47.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,830 shares of the company's stock worth $78,000 after buying an additional 589 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Mizuho decreased their target price on shares of Ovintiv from $60.00 to $58.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Wells Fargo & Company decreased their target price on shares of Ovintiv from $46.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Monday, June 16th. Morgan Stanley restated an "overweight" rating and set a $50.00 target price on shares of Ovintiv in a research report on Tuesday, April 15th. The Goldman Sachs Group upgraded shares of Ovintiv from a "neutral" rating to a "buy" rating and raised their target price for the stock from $47.00 to $51.00 in a research report on Tuesday, July 1st. Finally, Barclays raised their target price on shares of Ovintiv from $53.00 to $55.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $53.81.

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.