Ovintiv (OVV) Expected to Announce Earnings on Tuesday

Ovintiv (NYSE:OVV) is anticipated to announce its Q1 2025 earnings results after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of $1.37 per share and revenue of $2.23 billion for the quarter.

Ovintiv Trading Up 3.3 %

NYSE:OVV opened at $35.52 on Friday. The company has a market capitalization of $9.25 billion, a P/E ratio of 4.71 and a beta of 1.14. The stock’s 50 day moving average price is $37.68 and its 200 day moving average price is $40.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.52. Ovintiv has a 52 week low of $29.80 and a 52 week high of $52.90.

Ovintiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.38%. The ex-dividend date was Friday, March 14th. Ovintiv’s dividend payout ratio is 28.57%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on OVV. Morgan Stanley reaffirmed an “overweight” rating and issued a $50.00 price objective on shares of Ovintiv in a research note on Tuesday, April 15th. Scotiabank upgraded Ovintiv to a “strong-buy” rating in a research note on Wednesday, March 19th. National Bankshares raised their price objective on Ovintiv from $51.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. BMO Capital Markets raised Ovintiv from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $55.00 to $57.00 in a research report on Monday, March 24th. Finally, Williams Trading set a $58.00 price target on shares of Ovintiv in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $55.76.

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.