In a report published on September 21, research analysts from Seaport Res Ptn revised their projections for Ovintiv’s earnings per share for the third quarter of 2022. N. Pope, an analyst at Seaport Research Partners, has revised his initial projection for the quarter, which was $4.04 per share, to $4.07 per share. This represents an increase of $0.03. At the moment, it is thought that Ovintiv will make a profit of $22.59 per share throughout the year. In addition, according to the projections made by Seaport Res PTN, Ovintiv’s earnings per share for the final three months of the year 2022 will amount to $3.12.
When trading started on Friday, the price of a share of Ovintiv’s stock was 63.15 Canadian dollars. There is a ratio of 83.85 for the debt-to-equity ratio, a ratio of 0.51 for the quick ratio, and a ratio of 0.51 for the current ratio. Ovintiv is currently trading at 37.80 Canadian dollars, representing both a one-year low and a one-year high for the stock over the past 12 months. The company’s price-to-earnings ratio, which is 5.22, and its market value, which is $16.06 billion Canadian dollars, are very high. The company’s stock is currently trading at an average of $64.48 for the past 50 days and $64.07 for the past 200 days.
Ovintiv (TSE: OVV) made its most recent quarterly earnings report available to the general public on August 3, which was also the day it was released. Earnings per share (EPS) for the quarter came in at 3.09 Canadian dollars, which was $0.39 less than the estimate used, which was 3.48 Canadian dollars. However, the company reported quarterly revenue of 4.77 billion Canadian dollars, far exceeding the market experts’ consensus estimate of $3.42 billion for the quarter.
In addition, the company announced a quarterly dividend, which will be distributed on the following Friday, September 30. The date was chosen at random. On September 15, record holders will be eligible to receive a dividend payment that will be in the amount of $0.32 per share. This payment will be made available. This dividend has a date associated with it that is referred to as the ex-dividend date, which is the following Wednesday, September 14. This equates to an annual dividend payment of $1.28 and a dividend yield of 2.03% for the investment. Ovintiv’s dividend payout ratio is currently sitting at 6.03% as of right now.
Ovintiv Inc. and its subsidiary companies are in charge of all aspects of the natural gas, oil, and natural gas liquids industries, including exploration, development, production, and sales. These activities are carried out in every region of the world. Market Optimization, Operations in Canada, and Operations in the United States are this company’s three primary business divisions, each of which contributes to the company’s overall revenue. The most valuable assets that the company has are the Permian in west Texas, the Anadarko in west-central Oklahoma, and the Montney in northeast British Columbia and northwest Alberta.