Zacks Research Has Positive Outlook for Ovintiv Q1 Earnings

Ovintiv Inc. (TSE:OVV) – Zacks Research lifted their Q1 2025 earnings estimates for shares of Ovintiv in a research note issued on Wednesday, April 16th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $1.72 per share for the quarter, up from their prior forecast of $1.59. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv’s Q2 2025 earnings at $1.71 EPS, Q3 2025 earnings at $1.82 EPS, Q4 2025 earnings at $2.11 EPS, FY2025 earnings at $7.34 EPS, Q1 2026 earnings at $1.61 EPS and Q2 2026 earnings at $1.82 EPS.

Several other research firms have also recently weighed in on OVV. Scotiabank raised Ovintiv to a “strong-buy” rating in a report on Wednesday, March 19th. BMO Capital Markets upgraded shares of Ovintiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 24th. One analyst has rated the stock with a buy rating and five have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and an average target price of C$68.00.

Ovintiv Price Performance

TSE:OVV opened at C$46.91 on Friday. Ovintiv has a 52-week low of C$42.35 and a 52-week high of C$73.22. The stock has a fifty day moving average of C$56.82 and a 200 day moving average of C$58.64. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.51 and a current ratio of 0.52. The firm has a market capitalization of C$8.53 billion, a price-to-earnings ratio of 4.30, a P/E/G ratio of 0.05 and a beta of 2.63.

Ovintiv Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Friday, March 14th. Ovintiv’s dividend payout ratio (DPR) is currently 14.85%.

About Ovintiv

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.