What is Zacks Research’s Forecast for Ovintiv Q3 Earnings?

Ovintiv Inc. (NYSE:OVV) – Investment analysts at Zacks Research increased their Q3 2026 EPS estimates for shares of Ovintiv in a report issued on Thursday, January 22nd. Zacks Research analyst Team now anticipates that the company will earn $0.96 per share for the quarter, up from their previous forecast of $0.92. Zacks Research currently 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 Q4 2026 earnings at $0.97 EPS and FY2026 earnings at $3.58 EPS.

Ovintiv (NYSE:OVV) last released its earnings results on Tuesday, November 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. The firm had revenue of $2.07 billion during 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%.

Other research analysts have also issued reports about the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ovintiv in a research report on Monday, December 29th. Scotiabank raised their price objective on Ovintiv from $51.00 to $58.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. National Bankshares reduced their price objective on Ovintiv from $66.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. Morgan Stanley decreased their target price on Ovintiv from $48.00 to $46.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Finally, Citigroup cut their price target on shares of Ovintiv from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.82.

Ovintiv Stock Up 0.9%

Shares of OVV opened at $41.08 on Friday. Ovintiv has a fifty-two week low of $29.80 and a fifty-two week high of $45.96. The company’s fifty day moving average is $39.55 and its two-hundred day moving average is $39.74. The firm has a market cap of $10.40 billion, a PE ratio of 45.14, a price-to-earnings-growth ratio of 2.44 and a beta of 0.76. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.43.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in Ovintiv by 3.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 9,571,397 shares of the company’s stock worth $364,192,000 after buying an additional 312,827 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Ovintiv by 25.8% during the third quarter. Dimensional Fund Advisors LP now owns 9,389,865 shares of the company’s stock valued at $379,165,000 after acquiring an additional 1,927,193 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Ovintiv by 12.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 5,888,500 shares of the company’s stock worth $237,747,000 after acquiring an additional 649,819 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Ovintiv by 263.8% in the third quarter. AQR Capital Management LLC now owns 4,949,637 shares of the company’s stock worth $199,866,000 after acquiring an additional 3,589,030 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its stake in shares of Ovintiv by 143.8% in the second quarter. Adage Capital Partners GP L.L.C. now owns 3,739,237 shares of the company’s stock worth $142,278,000 after acquiring an additional 2,205,233 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Ovintiv news, COO Gregory Dean Givens sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $40.33, for a total value of $2,016,500.00. Following the completion of the transaction, the chief operating officer owned 105,867 shares in the company, valued at $4,269,616.11. This represents a 32.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.

Ovintiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, December 15th. Ovintiv’s dividend payout ratio (DPR) is presently 131.87%.

Key Headlines Impacting Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: NuVista shareholders overwhelmingly approved the previously announced plan of arrangement with Ovintiv (≈99% approval), and the companies reported receipt of the final order and preliminary election results by NuVista shareholders — this clears a major regulatory/shareholder step toward closing the transaction and could add producing assets and scale to Ovintiv if completed. NUVISTA AND OVINTIV ANNOUNCE NUVISTA SHAREHOLDER APPROVAL AND RECEIPT OF FINAL ORDER FOR TRANSACTION WITH OVINTIV AND PRELIMINARY RESULTS OF ELECTIONS BY NUVISTA SHAREHOLDERS REGARDING FORM OF CONSIDERATION
• Positive Sentiment: Zacks slightly raised its Q3 2026 estimate to $0.96 from $0.92 — a small favorable revision that suggests some near‑term operating strength in the quarter they model. (Zacks Research, Jan. 22)
• Neutral Sentiment: Zacks Research retains a “Hold” rating on OVV while publishing the estimate changes; the firm’s commentary appears to be more recalibration of timing and magnitude than a rating change, leaving the analyst stance broadly neutral. (Zacks Research, Jan. 22)
• Negative Sentiment: Zacks cut multiple near‑term and FY forecasts, trimming Q1‑Q4 2027 and FY2027 estimates and trimming FY2026/Q4‑2026 as well — examples: Q1‑2027 to $1.17 from $1.25, Q2‑2027 to $1.22 from $1.26, Q3‑2027 to $1.21 from $1.26, Q4‑2027 to $1.34 from $1.40, FY2027 to $4.94 from $5.17; they also lowered Q4‑2026 to $0.97 (from $1.11) and FY2026 to $3.58 (from $3.68). These downward revisions reduce near‑term EPS expectations and are a headwind for sentiment. (Zacks Research, Jan. 22)

Ovintiv Company Profile

Ovintiv Inc is a North American energy company focused on the exploration, development and production of oil, natural gas and natural gas liquids. Formerly known as Encana Corporation, the company rebranded as Ovintiv in January 2020 and established its headquarters in Denver, Colorado. Ovintiv’s upstream portfolio spans multiple unconventional resource plays, reflecting a strategy centered on high-return projects and disciplined capital allocation.

The company’s core business activities include the acquisition and development of acreage in major shale basins across the United States and Canada.