Zacks Research Comments on Ovintiv's Q2 Earnings (NYSE:OVV)

Ovintiv Inc. (NYSE:OVV - Free Report) - Equities research analysts at Zacks Research lowered their Q2 2025 earnings per share (EPS) estimates for shares of Ovintiv in a research note issued to investors on Monday, June 9th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $0.99 per share for the quarter, down from their previous forecast of $1.01. The consensus estimate for Ovintiv's current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv's Q3 2025 earnings at $1.26 EPS, FY2025 earnings at $5.10 EPS, Q1 2026 earnings at $1.22 EPS and FY2027 earnings at $5.93 EPS.

Ovintiv (NYSE:OVV - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 17.87% and a net margin of 20.15%.

A number of other brokerages also recently weighed in on OVV. Wells Fargo & Company raised their target price on Ovintiv from $45.00 to $46.00 and gave the company an "equal weight" rating in a report on Tuesday, April 22nd. Mizuho lowered their price target on shares of Ovintiv from $60.00 to $58.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. BMO Capital Markets raised shares of Ovintiv from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $55.00 to $57.00 in a report on Monday, March 24th. Williams Trading set a $58.00 target price on Ovintiv in a research note on Wednesday, March 5th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $50.00 target price on shares of Ovintiv in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Ovintiv currently has a consensus rating of "Buy" and a consensus price target of $55.00.

Ovintiv Stock Up 3.4%

OVV traded up $1.37 on Wednesday, hitting $41.90. 4,425,386 shares of the company were exchanged, compared to its average volume of 3,388,635. The stock's fifty day moving average is $35.84 and its 200-day moving average is $39.78. The company has a market cap of $10.89 billion, a PE ratio of 5.56 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.52. Ovintiv has a 12 month low of $29.80 and a 12 month high of $49.57.

Ovintiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Friday, June 13th. Ovintiv's dividend payout ratio (DPR) is presently 51.06%.

Hedge Funds Weigh In On Ovintiv

Several institutional investors and hedge funds have recently bought and sold shares of the business. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Ovintiv by 2.8% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,183 shares of the company's stock worth $412,000 after buying an additional 276 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of Ovintiv by 5.6% during the first quarter. Concurrent Investment Advisors LLC now owns 5,582 shares of the company's stock valued at $239,000 after acquiring an additional 297 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Ovintiv by 1.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 20,500 shares of the company's stock valued at $830,000 after acquiring an additional 300 shares during the period. Bessemer Group Inc. lifted its stake in Ovintiv by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 70,053 shares of the company's stock valued at $2,837,000 after buying an additional 310 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in Ovintiv by 71.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 805 shares of the company's stock valued at $32,000 after buying an additional 335 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

About Ovintiv

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.