Ovintiv (NYSE:OVV - Get Free Report) is anticipated to announce its Q2 2025 earnings results after the market closes on Thursday, July 24th. Analysts expect Ovintiv to post earnings of $1.18 per share and revenue of $1.92 billion for the quarter.
Ovintiv (NYSE:OVV - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.22. The company had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.23 billion. Ovintiv had a return on equity of 14.89% and a net margin of 6.84%. On average, analysts expect Ovintiv to post $6 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Ovintiv Stock Up 0.1%
OVV stock traded up $0.03 during midday trading on Friday, reaching $40.05. 2,812,264 shares of the company's stock traded hands, compared to its average volume of 3,353,969. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.44. The firm's fifty day moving average price is $38.82 and its 200-day moving average price is $39.68. Ovintiv has a 52 week low of $29.80 and a 52 week high of $48.81. The company has a market cap of $10.41 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 2.18 and a beta of 1.08.
Ovintiv Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.30 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.00%. Ovintiv's dividend payout ratio is presently 51.06%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on OVV. TD Cowen upgraded Ovintiv to a "strong-buy" rating in a report on Monday, July 7th. Morgan Stanley restated an "overweight" rating and set a $50.00 price target on shares of Ovintiv in a report on Tuesday, April 15th. Citigroup set a $54.00 target price on shares of Ovintiv and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Mizuho reduced their target price on Ovintiv from $60.00 to $58.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Finally, Wells Fargo & Company cut their price objective on Ovintiv from $46.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Monday, June 16th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $54.47.
View Our Latest Research Report on Ovintiv
Institutional Investors Weigh In On Ovintiv
A number of hedge funds and other institutional investors have recently bought and sold shares of OVV. Geneos Wealth Management Inc. raised its stake in shares of Ovintiv by 47.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,830 shares of the company's stock valued at $78,000 after purchasing an additional 589 shares during the period. Great Lakes Advisors LLC purchased a new stake in shares of Ovintiv in the first quarter worth about $202,000. Integrated Wealth Concepts LLC increased its holdings 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 acquiring an additional 3,788 shares during the period. Finally, Focus Partners Wealth grew its position in shares of Ovintiv by 49.3% during the 1st quarter. Focus Partners Wealth now owns 19,282 shares of the company's stock valued at $825,000 after purchasing an additional 6,364 shares in the last quarter. Institutional investors own 83.81% of the company's stock.
About Ovintiv
(
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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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