Ovintiv Inc. (TSE:OVV - Free Report) - Investment analysts at Capital One Financial boosted their Q2 2024 earnings estimates for shares of Ovintiv in a research report issued to clients and investors on Tuesday, May 14th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of $2.16 per share for the quarter, up from their previous forecast of $2.15. The consensus estimate for Ovintiv's current full-year earnings is $8.12 per share.
Several other equities research analysts have also weighed in on the stock. National Bankshares upped their target price on shares of Ovintiv from C$59.00 to C$68.00 and gave the stock an "outperform" rating in a report on Friday, April 19th. Royal Bank of Canada upped their target price on shares of Ovintiv from C$48.00 to C$49.00 and gave the stock a "sector perform" rating in a report on Thursday, February 29th.
Get Our Latest Report on Ovintiv
Ovintiv Stock Performance
Ovintiv stock traded down C$0.88 on Thursday, hitting C$67.14. The company's stock had a trading volume of 95,484 shares, compared to its average volume of 126,069. The company has a fifty day moving average price of C$70.84 and a 200-day moving average price of C$63.45. The company has a quick ratio of 0.51, a current ratio of 0.60 and a debt-to-equity ratio of 64.45. Ovintiv has a one year low of C$43.30 and a one year high of C$76.63. The firm has a market cap of C$18.06 billion, a P/E ratio of 6.24, a price-to-earnings-growth ratio of 0.05 and a beta of 2.69.
Ovintiv (TSE:OVV - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The company reported C$3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.61 by C$0.59. The firm had revenue of C$4.31 billion for the quarter, compared to analyst estimates of C$3.69 billion. Ovintiv had a net margin of 19.56% and a return on equity of 23.09%.
Ovintiv Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.413 per share. The ex-dividend date of this dividend is Friday, June 14th. This is an increase from Ovintiv's previous quarterly dividend of $0.40. This represents a $1.65 dividend on an annualized basis and a yield of 2.46%. Ovintiv's dividend payout ratio is presently 15.09%.
About Ovintiv
(
Get Free Report)
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.
Read More
Before you consider Ovintiv, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ovintiv wasn't on the list.
While Ovintiv currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
