Analysts Set Expectations for Ovintiv Inc.’s FY2027 Earnings (TSE:OVV)

Ovintiv Inc. (TSE:OVV – Get Rating) – Jefferies Financial Group issued their FY2027 earnings per share estimates for Ovintiv in a research report issued to clients and investors on Monday, January 23rd. Jefferies Financial Group analyst L. Byrne anticipates that the company will post earnings of $16.96 per share for the year. The consensus estimate for Ovintiv’s current full-year earnings is $20.19 per share.

Ovintiv Stock Down 2.2 %

OVV stock opened at C$67.10 on Tuesday. The stock’s fifty day simple moving average is C$69.00 and its two-hundred day simple moving average is C$67.14. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 69.12. Ovintiv has a 1-year low of C$45.50 and a 1-year high of C$79.28. The stock has a market cap of C$16.66 billion and a P/E ratio of 3.51.

Ovintiv (TSE:OVV – Get Rating) last posted its quarterly earnings data on Tuesday, November 8th. The company reported C$1.88 earnings per share for the quarter, missing the consensus estimate of C$2.84 by C($0.96). The business had revenue of C$4.63 billion during the quarter, compared to analyst estimates of C$3.50 billion.

Ovintiv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 30th were given a dividend of $0.341 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Wednesday, December 14th. This is a boost from Ovintiv’s previous quarterly dividend of $0.32. Ovintiv’s dividend payout ratio is currently 4.40%.

Ovintiv Company Profile

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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.