Analysts Issue Forecasts for Ovintiv’s Q4 Earnings (TSE:OVV)

Ovintiv Inc. (TSE:OVV) – Zacks Research upped their Q4 2027 earnings estimates for shares of Ovintiv in a research note issued on Wednesday, May 27th. Zacks Research analyst Team now anticipates that the company will earn $1.93 per share for the quarter, up from their prior forecast of $1.68. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share.

Ovintiv (TSE:OVV) last posted its quarterly earnings data on Monday, May 11th. The company reported C($3.27) EPS for the quarter. Ovintiv had a net margin of 8.59% and a return on equity of 7.13%. The company had revenue of C$3.52 billion for the quarter.

A number of other research analysts also recently commented on the stock. Scotiabank raised shares of Ovintiv from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Citigroup raised shares of Ovintiv from a “hold” rating to a “strong-buy” rating and set a C$70.00 target price for the company in a research report on Wednesday, May 20th. Truist Financial raised shares of Ovintiv to a “strong-buy” rating in a research report on Monday, March 23rd. Stephens raised shares of Ovintiv to a “hold” rating in a research report on Tuesday, February 3rd. Finally, TD Cowen raised shares of Ovintiv to a “strong-buy” rating in a research report on Monday, February 9th. Six investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$70.00.

Ovintiv Trading Down 1.2%

TSE OVV opened at C$77.05 on Thursday. Ovintiv has a 12 month low of C$48.94 and a 12 month high of C$86.86. The company has a 50-day moving average of C$79.74 and a 200-day moving average of C$66.52. The company has a debt-to-equity ratio of 66.59, a current ratio of 0.56 and a quick ratio of 0.51. The company has a market cap of C$21.65 billion, a P/E ratio of 25.35, a P/E/G ratio of 0.05 and a beta of 0.58.

Ovintiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, March 13th. Ovintiv’s dividend payout ratio is currently 39.47%.

Ovintiv Company Profile

Ovintiv Inc is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the province of Alberta. Ovintiv’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin.