Ovintiv (OVV) Set to Announce Quarterly Earnings on Wednesday

Ovintiv (TSE:OVV) will release its earnings data after the market closes on Wednesday, April 28th. Analysts expect Ovintiv to post earnings of C$0.92 per share for the quarter.

Ovintiv (TSE:OVV) last released its quarterly earnings data on Wednesday, February 17th. The company reported C$0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.78 by C$0.13. The company had revenue of C$1.99 billion for the quarter, compared to analyst estimates of C$2.12 billion.

OVV stock opened at C$27.47 on Wednesday. The company has a 50 day simple moving average of C$31.53 and a 200 day simple moving average of C$19.32. The stock has a market cap of C$7.17 billion and a price-to-earnings ratio of -0.93. Ovintiv has a 1 year low of C$4.88 and a 1 year high of C$36.30. The company has a debt-to-equity ratio of 208.81, a current ratio of 0.52 and a quick ratio of 0.49.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Monday, March 15th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Friday, March 12th. Ovintiv’s dividend payout ratio is -1.27%.

A number of research firms recently issued reports on OVV. CSFB upped their price objective on shares of Ovintiv from C$22.00 to C$24.00 and gave the stock a “neutral” rating in a research report on Thursday, March 25th. Credit Suisse Group upped their price objective on shares of Ovintiv to C$24.00 and gave the company a “neutral” rating in a research note on Thursday, March 25th. National Bank Financial increased their target price on shares of Ovintiv to C$40.00 and gave the stock an “outperform” rating in a research note on Thursday, April 15th. Raymond James cut their target price on shares of Ovintiv to C$31.00 and set a “market perform” rating on the stock in a research note on Monday. Finally, Tudor Pickering & Holt set a C$30.00 target price on shares of Ovintiv and gave the stock a “buy” rating in a research note on Thursday, March 25th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Ovintiv currently has a consensus rating of “Hold” and a consensus target price of C$28.25.

About Ovintiv

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.

Recommended Story: What is the quiet period?

Earnings History for Ovintiv (TSE:OVV)

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.