Zacks Research Has Negative Estimate for Ovintiv Q3 Earnings

Ovintiv Inc. (TSE:OVV) – Stock analysts at Zacks Research lowered their Q3 2027 EPS estimates for shares of Ovintiv in a report issued on Monday, September 29th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $1.71 for the quarter, down from their prior estimate of $2.05. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share.

Other equities analysts have also issued research reports about the company. The Goldman Sachs Group upgraded Ovintiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 1st. TD Cowen upgraded Ovintiv to a “strong-buy” rating in a research report on Monday, July 7th. Five investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Ovintiv presently has a consensus rating of “Strong Buy”.

Ovintiv Stock Down 2.1%

Ovintiv stock opened at C$55.28 on Thursday. The company’s 50-day moving average price is C$56.68 and its two-hundred day moving average price is C$53.99. The company has a quick ratio of 0.51, a current ratio of 0.52 and a debt-to-equity ratio of 63.59. The stock has a market cap of C$14.21 billion, a P/E ratio of 24.35, a P/E/G ratio of 0.05 and a beta of 1.01. Ovintiv has a twelve month low of C$42.35 and a twelve month high of C$66.67.

Ovintiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were given a dividend of $0.30 per share. The ex-dividend date was Monday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.2%. Ovintiv’s payout ratio is currently 52.86%.

About Ovintiv

Ovintiv Inc is a leading North American exploration and production (E&P) company focused on developing its high-quality, multi-basin portfolio. Ovintiv works to safely produce crude oil and natural gas-products that make modern life possible for all. The Company is focused on creating long-term shareholder value while contributing to the strength and sustainability of the communities where it operates.