Ovintiv Inc. (NYSE:OVV) Forecasted to Earn Q2 2025 Earnings of $1.26 Per Share

Ovintiv Inc. (NYSE:OVV) – Equities research analysts at Zacks Research cut their Q2 2025 EPS estimates for shares of Ovintiv in a report released on Wednesday, June 26th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $1.26 per share for the quarter, down from their previous estimate of $1.27. The consensus estimate for Ovintiv’s current full-year earnings is $6.11 per share.

Ovintiv (NYSE:OVV) last released its quarterly earnings results on Tuesday, May 7th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.32 by $0.12. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.58 billion. Ovintiv had a net margin of 18.12% and a return on equity of 17.74%.

OVV has been the topic of several other research reports. Jefferies Financial Group lifted their price target on shares of Ovintiv from $59.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Citigroup lifted their target price on shares of Ovintiv from $52.00 to $58.00 and gave the company a “buy” rating in a report on Monday, March 18th. Barclays began coverage on shares of Ovintiv in a report on Wednesday, April 10th. They issued an “overweight” rating and a $69.00 target price for the company. TD Cowen lifted their target price on shares of Ovintiv from $64.00 to $66.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, UBS Group lifted their target price on shares of Ovintiv from $69.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Ovintiv currently has a consensus rating of “Moderate Buy” and an average price target of $58.65.

Ovintiv Stock Down 0.1 %

OVV stock opened at $46.88 on Monday. The firm has a market cap of $12.52 billion, a PE ratio of 6.55 and a beta of 2.63. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.52 and a current ratio of 0.52. The firm’s 50 day moving average price is $49.02 and its 200-day moving average price is $47.61. Ovintiv has a one year low of $36.27 and a one year high of $55.95.

Hedge Funds Weigh In On Ovintiv

Several hedge funds have recently made changes to their positions in the company. American National Bank purchased a new position in Ovintiv during the 1st quarter worth approximately $27,000. Quent Capital LLC grew its stake in Ovintiv by 151.3% during the 4th quarter. Quent Capital LLC now owns 583 shares of the company’s stock worth $26,000 after buying an additional 351 shares during the last quarter. Avalon Trust Co purchased a new position in Ovintiv during the 4th quarter worth approximately $34,000. Geneos Wealth Management Inc. grew its stake in Ovintiv by 53.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 862 shares of the company’s stock worth $45,000 after buying an additional 300 shares during the last quarter. Finally, Pacifica Partners Inc. purchased a new position in Ovintiv during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insiders Place Their Bets

In other news, Director Howard John Mayson sold 4,000 shares of Ovintiv stock in a transaction on Friday, May 31st. The shares were sold at an average price of $51.14, for a total transaction of $204,560.00. Following the completion of the sale, the director now directly owns 45,279 shares of the company’s stock, valued at approximately $2,315,568.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Howard John Mayson sold 4,000 shares of Ovintiv stock in a transaction on Friday, May 31st. The shares were sold at an average price of $51.14, for a total transaction of $204,560.00. Following the completion of the sale, the director now directly owns 45,279 shares of the company’s stock, valued at approximately $2,315,568.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven W. Nance sold 12,000 shares of Ovintiv stock in a transaction on Monday, May 13th. The stock was sold at an average price of $50.00, for a total transaction of $600,000.00. Following the sale, the director now directly owns 8,929 shares of the company’s stock, valued at $446,450. The disclosure for this sale can be found here. Insiders own 0.97% of the company’s stock.

Ovintiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.56%. Ovintiv’s dividend payout ratio (DPR) is 16.76%.

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.