Zacks Research Brokers Lower Earnings Estimates for Ovintiv Inc. (TSE:OVV)

Ovintiv Inc. (TSE:OVV) – Equities researchers at Zacks Research dropped their FY2024 earnings per share estimates for Ovintiv in a report released on Friday, September 13th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $7.48 for the year, down from their prior estimate of $7.49. The consensus estimate for Ovintiv’s current full-year earnings is $9.06 per share. Zacks Research also issued estimates for Ovintiv’s Q3 2025 earnings at $2.09 EPS and Q2 2026 earnings at $1.71 EPS.

A number of other equities analysts also recently commented on the stock. Evercore ISI upgraded shares of Ovintiv from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Wolfe Research raised Ovintiv to a “strong-buy” rating in a report on Thursday, July 18th.

Ovintiv Price Performance

OVV stock opened at C$52.73 on Monday. The business has a 50 day simple moving average of C$60.00 and a 200-day simple moving average of C$65.48. Ovintiv has a twelve month low of C$51.51 and a twelve month high of C$76.63. The company has a market capitalization of C$13.90 billion, a P/E ratio of 5.48, a PEG ratio of 0.05 and a beta of 2.64. The company has a current ratio of 0.44, a quick ratio of 0.51 and a debt-to-equity ratio of 67.70.

Ovintiv (TSE:OVV) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$1.69 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.67 by C$0.02. The firm had revenue of C$3.13 billion during the quarter, compared to analysts’ expectations of C$3.46 billion. Ovintiv had a net margin of 18.84% and a return on equity of 19.75%.

Ovintiv Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, September 13th. Ovintiv’s dividend payout ratio is presently 17.24%.

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.