Zacks Research Issues Negative Outlook for Ovintiv Earnings

Key Points

• Zacks Research has revised its Q3 2027 earnings estimate for Ovintiv Inc., decreasing it from $2.05 to $1.71 per share.
• The company recently announced a quarterly dividend of $0.30 per share, contributing to an annualized yield of 2.1%.
• While Zacks has a negative outlook, multiple analysts, including those from Goldman Sachs, have upgraded Ovintiv to a "strong-buy" rating.

Ovintiv Inc. (TSE:OVV - Free Report) - Investment analysts at Zacks Research dropped their Q3 2027 earnings estimates for shares of Ovintiv in a report released on Monday, September 29th. Zacks Research analyst Team now expects that the company will post earnings of $1.71 per share for the quarter, down from their previous forecast of $2.05. The consensus estimate for Ovintiv's current full-year earnings is $5.66 per share.

Several other analysts have also recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Ovintiv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 1st. TD Cowen upgraded shares of Ovintiv to a "strong-buy" rating in a research note on Monday, July 7th. Five analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Strong Buy".

Ovintiv Price Performance

Shares of Ovintiv stock opened at C$56.49 on Thursday. Ovintiv has a twelve month low of C$42.35 and a twelve month high of C$66.67. The company has a quick ratio of 0.51, a current ratio of 0.52 and a debt-to-equity ratio of 63.59. The company has a 50-day simple moving average of C$56.66 and a two-hundred day simple moving average of C$54.01. The stock has a market capitalization of C$14.52 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 0.05 and a beta of 1.01.

Ovintiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were given a $0.30 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. Ovintiv's payout ratio is presently 52.86%.

About Ovintiv

Ovintiv Inc is a leading North American exploration and production (E&P) company focused on developing its high-quality, multi-basin portfolio. Ovintiv works to safely produce crude oil and natural gas-products that make modern life possible for all. The Company is focused on creating long-term shareholder value while contributing to the strength and sustainability of the communities where it operates.

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