Capital One Financial Analysts Boost Earnings Estimates for Ovintiv Inc. (TSE:OVV)

Ovintiv Inc. (TSE:OVVGet Ranking) – Investigate analysts at Cash A person Fiscal amplified their Q2 2022 earnings per share estimates for shares of Ovintiv in a report unveiled on Wednesday, Might 18th. Funds A person Economic analyst P. Johnston now anticipates that the organization will article earnings for each share of $3.66 for the quarter, up from their prior forecast of $2.98. Funds A single Money at the moment has a “Overweight” ranking on the inventory. Money Just one Fiscal also issued estimates for Ovintiv’s Q3 2022 earnings at $3.71 EPS, Q4 2022 earnings at $3.96 EPS, FY2022 earnings at $14.11 EPS and FY2023 earnings at $21.33 EPS.

Ovintiv (TSE:OVVGet Ranking) final issued its quarterly earnings success on Thursday, February 24th. The business reported C$1.58 EPS for the quarter, lacking the consensus estimate of C$2.03 by C($.45). The business enterprise had profits of C$4.21 billion for the quarter, in comparison to the consensus estimate of C$2.37 billion.

Individually, Raymond James set a C$52.00 price tag goal on shares of Ovintiv and gave the business a “market perform” rating in a investigate report on Friday, February 25th. Three study analysts have rated the inventory with a maintain rating and nine have issued a purchase score to the company’s inventory. Based on info from MarketBeat, the company has a consensus rating of “Buy” and an average concentrate on rate of C$50.33.

Shares of OVV stock opened at C$60.56 on Monday. The company has a rapid ratio of .54, a latest ratio of .54 and a credit card debt-to-equity ratio of 123.25. Ovintiv has a 52 week very low of C$28.10 and a 52 7 days large of C$73.50. The inventory has a current market capitalization of C$15.63 billion and a PE ratio of 14.37. The agency has a 50 day transferring typical of C$64.19 and a two-hundred day transferring normal of C$53.88.

The organization also not too long ago disclosed a quarterly dividend, which will be compensated on Thursday, June 30th. Stockholders of file on Wednesday, June 15th will be offered a dividend of $.321 for every share. This is a increase from Ovintiv’s former quarterly dividend of $.25. This signifies a $1.28 annualized dividend and a dividend generate of 2.12%. The ex-dividend day is Tuesday, June 14th. Ovintiv’s payout ratio is 13.62%.

Ovintiv Enterprise Profile (Get Rating)

Ovintiv Inc, alongside one another with its subsidiaries, engages in the exploration, advancement, creation, and marketing of pure fuel, oil, and natural fuel liquids. It operates by way of Usa Functions, Canadian Functions, and Market Optimization segments. The firm’s principal assets contain Permian in west Texas and Anadarko in west-central Oklahoma and Montney in northeast British Columbia and northwest Alberta.

See Also

Earnings History and Estimates for Ovintiv (TSE:OVV)

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