What is Zacks Research’s Forecast for Ovintiv Q1 Earnings?

Ovintiv Inc. (NYSE:OVV) – Equities researchers at Zacks Research decreased their Q1 2027 earnings per share (EPS) estimates for shares of Ovintiv in a report released on Thursday, January 22nd. Zacks Research analyst Team now expects that the company will earn $1.17 per share for the quarter, down from their prior estimate of $1.25. 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 Q2 2027 earnings at $1.22 EPS, Q3 2027 earnings at $1.21 EPS, Q4 2027 earnings at $1.34 EPS and FY2027 earnings at $4.94 EPS.

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

Several other research firms also recently issued reports on OVV. National Bankshares dropped their price target on Ovintiv from $66.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. Evercore ISI reissued an “outperform” rating and issued a $47.00 target price on shares of Ovintiv in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Ovintiv in a research note on Monday, December 29th. Royal Bank Of Canada set a $55.00 price target on Ovintiv and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Finally, UBS Group reaffirmed a “buy” rating on shares of Ovintiv in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Ovintiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.82.

Ovintiv Trading Up 0.9%

OVV opened at $41.08 on Monday. The stock has a market capitalization of $10.40 billion, a P/E ratio of 45.14, a P/E/G ratio of 2.42 and a beta of 0.76. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.43. Ovintiv has a 12 month low of $29.80 and a 12 month high of $45.96. The firm’s fifty day simple moving average is $39.55 and its 200 day simple moving average is $39.74.

Ovintiv Dividend Announcement

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

Insiders Place Their Bets

In other Ovintiv news, COO Gregory Dean Givens sold 50,000 shares of the business’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 transaction of $2,016,500.00. Following the transaction, the chief operating officer owned 105,867 shares of the company’s stock, valued at $4,269,616.11. The trade was a 32.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.89% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ovintiv

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Burney Co. raised its stake in Ovintiv by 690.5% in the second quarter. Burney Co. now owns 67,091 shares of the company’s stock valued at $2,553,000 after purchasing an additional 58,604 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Ovintiv by 11.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 241,568 shares of the company’s stock valued at $9,192,000 after buying an additional 23,968 shares during the period. Moody Aldrich Partners LLC raised its position in shares of Ovintiv by 152.1% in the 3rd quarter. Moody Aldrich Partners LLC now owns 140,423 shares of the company’s stock valued at $5,670,000 after buying an additional 84,730 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Ovintiv by 466.2% in the 3rd quarter. SG Americas Securities LLC now owns 132,552 shares of the company’s stock valued at $5,352,000 after buying an additional 109,142 shares in the last quarter. Finally, Oak Thistle LLC bought a new stake in shares of Ovintiv during the 3rd quarter worth approximately $3,534,000. 83.81% of the stock is owned by institutional investors.

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.