Zacks Research Has Bullish Estimate for Ovintiv Q1 Earnings

Ovintiv Inc. (NYSE:OVV) – Stock analysts at Zacks Research upped their Q1 2025 earnings estimates for shares of Ovintiv in a research note issued to investors on Tuesday, March 18th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $1.09 for the quarter, up from their prior estimate of $1.05. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv’s Q2 2025 earnings at $1.15 EPS, Q3 2025 earnings at $1.23 EPS, Q4 2025 earnings at $1.42 EPS, FY2025 earnings at $4.90 EPS, Q1 2026 earnings at $1.07 EPS, Q4 2026 earnings at $1.98 EPS, FY2026 earnings at $5.57 EPS and FY2027 earnings at $6.07 EPS.

A number of other research analysts also recently issued reports on the company. Citigroup cut their price target on Ovintiv from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Mizuho reduced their target price on shares of Ovintiv from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Wells Fargo & Company lowered their price target on shares of Ovintiv from $48.00 to $42.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their price objective on shares of Ovintiv from $56.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Finally, Bank of America upgraded shares of Ovintiv from a “neutral” rating to a “buy” rating and lowered their target price for the company from $55.00 to $54.00 in a research note on Monday, January 13th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Ovintiv has an average rating of “Moderate Buy” and a consensus price target of $56.61.

Ovintiv Price Performance

NYSE OVV opened at $42.39 on Thursday. The company has a market cap of $11.04 billion, a PE ratio of 5.62 and a beta of 2.55. Ovintiv has a 52-week low of $36.62 and a 52-week 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. The firm’s 50 day moving average price is $42.85 and its 200-day moving average price is $41.80.

Institutional Investors Weigh In On Ovintiv

A number of hedge funds and other institutional investors have recently made changes to their positions in OVV. Nisa Investment Advisors LLC boosted its position in Ovintiv by 0.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 65,346 shares of the company’s stock worth $2,647,000 after purchasing an additional 231 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Ovintiv by 2.8% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,183 shares of the company’s stock valued at $412,000 after buying an additional 276 shares in the last quarter. CIBC Asset Management Inc grew its stake in Ovintiv by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 7,937 shares of the company’s stock valued at $304,000 after acquiring an additional 280 shares during the period. Fifth Third Bancorp grew its stake in Ovintiv by 13.4% in the 4th quarter. Fifth Third Bancorp now owns 2,385 shares of the company’s stock valued at $97,000 after acquiring an additional 282 shares during the period. Finally, OneDigital Investment Advisors LLC increased its holdings in Ovintiv by 5.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,018 shares of the company’s stock worth $231,000 after acquiring an additional 298 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Ovintiv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Friday, March 14th. Ovintiv’s payout ratio is presently 28.57%.

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.