Ovintiv Inc. (TSE:OVV – Get Rating) – Analysts at Seaport Res Ptn released their estimates of earnings per share for the fourth quarter of 2022 for Ovintiv shares in a research note issued to investors on Monday, January 23 , lowered. Seaport Res Ptn analyst N. Pope now expects the company to report earnings per share of $2.90 for the quarter, down from its previous guidance of $2.95. The consensus estimate for Ovintiv’s current full-year earnings is $20.19 per share.
Ovintiv (TSE:OVV – Get Rating) last released its quarterly results on Tuesday, November 8th. The company reported earnings per share of $1.88 for the quarter, missing analyst consensus estimates of $2.84 by $0.96. The company had revenue of CA$4.63 billion for the quarter compared to analyst estimates of CA$3.50 billion.
Ovintiv is trading down 0.2%
TSE:OVV opened at CAD$66.94 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt to equity ratio of 69.12. Ovintiv has a 1-year low of C$47.05 and a 1-year high of C$79.28. The company has a market capitalization of CA$16.62 billion and a price-to-earnings ratio of 3.49. The stock has a 50-day simple moving average of $69.00 and a 200-day simple moving average of $67.14.
Ovintiv raises dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record were paid a dividend of $0.341 on Friday December 30th. This is an increase from Ovintiv’s previous quarterly dividend of $0.32. That equates to an annualized dividend of $1.36 and a yield of 2.04%. The ex-dividend date was Wednesday December 14th. Ovintiv’s payout ratio is currently 4.40%.
Ovintiv Inc, together with its subsidiaries, is engaged 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 western Texas and Anadarko in western Oklahoma; and Montney in northeast British Columbia and northwest Alberta.
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