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

Ovintiv Inc. (TSE:OVV) – Analysts at Zacks Research boosted their Q4 2027 EPS estimates for shares of Ovintiv in a research report issued to clients and investors on Wednesday, May 27th. Zacks Research analyst Team now forecasts that the company will post earnings of $1.93 per share for the quarter, up from their previous forecast of $1.68. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share.

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

Ovintiv Price Performance

Ovintiv stock opened at C$77.05 on Thursday. Ovintiv has a 52 week low of C$48.94 and a 52 week high of C$86.86. The company has a quick ratio of 0.51, a current ratio of 0.56 and a debt-to-equity ratio of 66.59. The firm’s 50-day simple moving average is C$79.74 and its 200 day simple moving average is C$66.52. The firm has a market capitalization of C$21.65 billion, a PE ratio of 25.35, a P/E/G ratio of 0.05 and a beta of 0.58.

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

Ovintiv Announces Dividend

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

About Ovintiv

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.