Ovintiv Q1 EPS Forecast Lifted by Capital One Financial

Ovintiv Inc. (NYSE:OVV) – Equities researchers at Capital One Financial upped their Q1 2025 earnings per share (EPS) estimates for Ovintiv in a research note issued to investors on Monday, February 3rd. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings of $1.40 per share for the quarter, up from their previous forecast of $1.30. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. Capital One Financial also issued estimates for Ovintiv’s FY2025 earnings at $6.27 EPS.

OVV has been the topic of a number of other research reports. Mizuho cut their target price on Ovintiv from $63.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. National Bankshares increased their price objective on Ovintiv from $51.00 to $56.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Citigroup dropped their price objective on Ovintiv from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Truist Financial increased their price objective on Ovintiv from $59.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, Siebert Williams Shank raised Ovintiv to a “strong-buy” rating in a research note on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $56.88.

Ovintiv Trading Up 0.4 %

OVV opened at $42.53 on Thursday. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of 5.64 and a beta of 2.60. The stock’s 50 day moving average price is $42.23 and its 200-day moving average price is $42.17. Ovintiv has a one year low of $36.90 and a one year high of $55.95. 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 (NYSE:OVV) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.76. Ovintiv had a return on equity of 17.87% and a net margin of 20.15%. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the firm posted $1.74 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. True Wealth Design LLC raised its stake in shares of Ovintiv by 3,180.0% in the third quarter. True Wealth Design LLC now owns 656 shares of the company’s stock worth $25,000 after purchasing an additional 636 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Ovintiv by 100.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 717 shares of the company’s stock worth $29,000 after purchasing an additional 360 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Ovintiv by 71.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 805 shares of the company’s stock worth $32,000 after purchasing an additional 335 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of Ovintiv by 3,571.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,028 shares of the company’s stock worth $42,000 after purchasing an additional 1,000 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in shares of Ovintiv by 4,132.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,312 shares of the company’s stock worth $53,000 after purchasing an additional 1,281 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

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.