Ovintiv Inc. (TSE:OVV – Get Rating) – Analysts at Seaport Res Ptn increased their Q2 2022 earnings estimates for Ovintiv in a research note issued on Tuesday, May 10th. Seaport Res Ptn analyst N. Pope now anticipates that the company will post earnings per share of $4.66 for the quarter, up from their prior forecast of $4.54. Seaport Res Ptn also issued estimates for Ovintiv’s Q3 2022 earnings at $4.62 EPS and Q4 2022 earnings at $4.26 EPS.
Other analysts have also issued reports about the stock. Tudor Pickering boosted their price objective on shares of Ovintiv to C$54.00 and gave the company a “buy” rating in a report on Friday, January 21st. Capital One Financial upgraded shares of Ovintiv from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 23rd. Raymond James set a C$52.00 price objective on shares of Ovintiv and gave the company a “market perform” rating in a report on Friday, February 25th. Finally, Tudor Pickering & Holt boosted their price objective on shares of Ovintiv from C$51.00 to C$54.00 and gave the company a “buy” rating in a report on Friday, January 21st. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$50.33.
Ovintiv (TSE:OVV – Get Rating) last announced its quarterly earnings results on Thursday, February 24th. The company reported C$1.58 earnings per share for the quarter, missing the consensus estimate of C$2.03 by C($0.45). The firm had revenue of C$4.21 billion for the quarter, compared to analysts’ expectations of C$2.37 billion.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be paid a dividend of $0.321 per share. The ex-dividend date is Tuesday, June 14th. This is a positive change from Ovintiv’s previous quarterly dividend of $0.25. This represents a $1.28 dividend on an annualized basis and a yield of 2.20%. Ovintiv’s dividend payout ratio is 6.74%.
About Ovintiv (Get Rating)
Ovintiv Inc, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It operates through USA Operations, Canadian Operations, and Market Optimization segments. The company's principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
- Carvana Insiders Buy Shares But Maybe You Shouldn’t
Receive News & Ratings for Ovintiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ovintiv and related companies with MarketBeat.com's FREE daily email newsletter.