William Blair Weighs in on Ovintiv FY2025 Earnings

Ovintiv Inc. (NYSE:OVV) – Investment analysts at William Blair issued their FY2025 earnings per share (EPS) estimates for Ovintiv in a report issued on Wednesday, November 26th. William Blair analyst N. Dingmann anticipates that the company will earn $4.26 per share for the year. William Blair has a “Outperform” rating and a $50.00 price target on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. William Blair also issued estimates for Ovintiv’s FY2026 earnings at $4.36 EPS, FY2027 earnings at $6.20 EPS, FY2028 earnings at $6.98 EPS and FY2029 earnings at $6.94 EPS.

Several other equities research analysts have also commented on OVV. Morgan Stanley lowered their price objective on Ovintiv from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. Royal Bank Of Canada set a $55.00 price target on shares of Ovintiv and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Roth Capital initiated coverage on Ovintiv in a research report on Monday, October 13th. They issued a “neutral” rating and a $42.00 price objective for the company. UBS Group upped their target price on Ovintiv from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. Finally, JPMorgan Chase & Co. decreased their target price on Ovintiv from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.83.

Ovintiv Trading Up 1.4%

Shares of Ovintiv stock opened at $41.53 on Monday. The stock has a market cap of $10.52 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 1.89 and a beta of 1.00. The firm has a fifty day moving average price of $38.81 and a 200 day moving average price of $39.49. Ovintiv has a 1 year low of $29.80 and a 1 year high of $46.35. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.43 and a quick ratio of 0.43.

Ovintiv (NYSE:OVV) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.97 by $0.06. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Ovintiv had a net margin of 6.46% and a return on equity of 14.24%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in shares of Ovintiv by 2.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,834 shares of the company’s stock worth $599,000 after purchasing an additional 340 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Ovintiv by 43.4% in the first quarter. Smartleaf Asset Management LLC now owns 1,154 shares of the company’s stock valued at $49,000 after buying an additional 349 shares during the period. KLP Kapitalforvaltning AS grew its position in Ovintiv by 0.6% during the third quarter. KLP Kapitalforvaltning AS now owns 63,400 shares of the company’s stock worth $2,560,000 after buying an additional 400 shares in the last quarter. ProShare Advisors LLC increased its stake in Ovintiv by 3.8% during the 2nd quarter. ProShare Advisors LLC now owns 11,518 shares of the company’s stock worth $438,000 after acquiring an additional 427 shares during the period. Finally, Forum Financial Management LP raised its holdings in Ovintiv by 5.2% in the 3rd quarter. Forum Financial Management LP now owns 9,402 shares of the company’s stock valued at $380,000 after acquiring an additional 464 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Ovintiv Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. Ovintiv’s dividend payout ratio is currently 131.87%.

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.