Zacks Research Issues Negative Estimate for Ovintiv Earnings

Ovintiv Inc. (NYSE:OVV) – Investment analysts at Zacks Research cut their Q1 2026 earnings per share (EPS) estimates for shares of Ovintiv in a research note issued on Tuesday, December 2nd. Zacks Research analyst Team now forecasts that the company will earn $0.85 per share for the quarter, down from their prior forecast of $1.06. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv’s Q3 2026 earnings at $0.91 EPS, Q3 2027 earnings at $1.26 EPS and FY2027 earnings at $5.17 EPS.

Ovintiv (NYSE:OVV) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.86 billion. Ovintiv had a net margin of 2.64% and a return on equity of 12.22%.

OVV has been the subject of a number of other research reports. Barclays dropped their price target on Ovintiv from $57.00 to $55.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Evercore ISI restated an “outperform” rating and issued a $47.00 price objective on shares of Ovintiv in a report on Thursday, November 6th. William Blair initiated coverage on shares of Ovintiv in a research note on Wednesday, November 26th. They set an “outperform” rating and a $50.00 target price on the stock. Citigroup reduced their price target on shares of Ovintiv from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. Finally, Royal Bank Of Canada set a $55.00 price objective on shares of Ovintiv and gave the stock an “outperform” rating in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $51.83.

Ovintiv Stock Performance

Shares of OVV stock opened at $42.29 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.45 and a current ratio of 0.45. Ovintiv has a 52 week low of $29.80 and a 52 week high of $46.35. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 46.47, a P/E/G ratio of 1.04 and a beta of 0.77. The firm’s 50-day simple moving average is $38.75 and its two-hundred day simple moving average is $39.61.

Hedge Funds Weigh In On Ovintiv

A number of hedge funds have recently bought and sold shares of the company. McIlrath & Eck LLC bought a new stake in Ovintiv during the 3rd quarter valued at about $31,000. IFP Advisors Inc grew its holdings in shares of Ovintiv by 316.7% during the second quarter. IFP Advisors Inc now owns 846 shares of the company’s stock valued at $32,000 after buying an additional 643 shares during the last quarter. Dogwood Wealth Management LLC bought a new stake in shares of Ovintiv during the second quarter valued at approximately $35,000. Foster Dykema Cabot & Partners LLC purchased a new position in Ovintiv in the 3rd quarter worth approximately $36,000. Finally, HM Payson & Co. bought a new position in Ovintiv in the 3rd quarter valued at approximately $36,000. Institutional investors own 83.81% of the company’s stock.

Ovintiv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, December 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. Ovintiv’s dividend payout ratio (DPR) is presently 131.87%.

Ovintiv Company Profile

Ovintiv Inc, together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.