Zacks Research Has Optimistic Outlook of Ovintiv Q1 Earnings

Ovintiv Inc. (TSE:OVV) – Equities research analysts at Zacks Research upped their Q1 2027 earnings per share (EPS) estimates for Ovintiv in a research note issued on Wednesday, September 9th. Zacks Research analyst Team now expects that the company will earn $1.81 per share for the quarter, up from their previous estimate of $1.79. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share.

Several other analysts also recently weighed in on the company. Citigroup upgraded 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. Seaport Research Partners raised shares of Ovintiv to a “hold” rating in a report on Wednesday, September 2nd. Texas Capital upgraded shares of Ovintiv to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Wells Fargo & Company upgraded shares of Ovintiv to a “strong-buy” rating in a report on Wednesday, September 2nd. Seven research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Ovintiv has an average rating of “Strong Buy” and an average target price of C$75.00.

Ovintiv Price Performance

OVV opened at C$88.94 on Thursday. The business has a fifty day moving average of C$85.61 and a 200 day moving average of C$80.43. The stock has a market cap of C$24.60 billion, a P/E ratio of 24.84, a PEG ratio of 0.05 and a beta of 0.37. The company has a quick ratio of 0.51, a current ratio of 1.01 and a debt-to-equity ratio of 43.73. Ovintiv has a 52-week low of C$50.13 and a 52-week high of C$93.43.

Ovintiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.3%. Ovintiv’s dividend payout ratio is presently 33.52%.

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.