Ovintiv FY2024 EPS Estimate Raised by Capital One Financial

Ovintiv Inc. (TSE:OVV) – Equities researchers at Capital One Financial boosted their FY2024 earnings per share (EPS) estimates for Ovintiv in a research report issued to clients and investors on Tuesday, January 14th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings per share of $8.00 for the year, up from their previous forecast of $7.93. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share. Capital One Financial also issued estimates for Ovintiv’s Q4 2024 earnings at $1.52 EPS, Q2 2025 earnings at $2.21 EPS, Q3 2025 earnings at $2.34 EPS, Q4 2025 earnings at $2.43 EPS and FY2026 earnings at $10.07 EPS.

Separately, Siebert Williams Shank upgraded Ovintiv to a “strong-buy” rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$58.50.

Ovintiv Stock Up 0.9 %

TSE:OVV opened at C$66.09 on Thursday. Ovintiv has a 1-year low of C$49.74 and a 1-year high of C$76.63. The firm has a market capitalization of C$17.42 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 0.05 and a beta of 2.63. The company has a current ratio of 0.44, a quick ratio of 0.51 and a debt-to-equity ratio of 67.70. The business’s fifty day moving average price is C$60.01 and its 200 day moving average price is C$59.08.

Ovintiv Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.406 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Friday, December 13th. Ovintiv’s dividend payout ratio (DPR) is presently 16.58%.

Ovintiv Company Profile

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.