Research Analysts Set Expectations for Ovintiv Q1 Earnings

Ovintiv Inc. (NYSE:OVV) – Analysts at Zacks Research dropped their Q1 2027 earnings estimates for shares of Ovintiv in a report issued on Tuesday, February 3rd. Zacks Research analyst Team now expects that the company will post earnings per share of $1.14 for the quarter, down from their previous forecast of $1.18. Zacks Research has a “Strong Sell” 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 2027 earnings at $1.32 EPS and FY2027 earnings at $4.85 EPS.

Ovintiv (NYSE:OVV) last released its 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 business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.86 billion.

OVV has been the subject of several other reports. Morgan Stanley cut their price target on shares of Ovintiv from $48.00 to $46.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Jefferies Financial Group reissued a “buy” rating and issued a $54.00 target price on shares of Ovintiv in a report on Saturday, January 17th. National Bankshares raised their price target on Ovintiv from $54.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday. William Blair initiated coverage on Ovintiv in a research note on Wednesday, November 26th. They issued an “outperform” rating and a $50.00 price objective on the stock. Finally, Scotiabank increased their target price on Ovintiv from $51.00 to $58.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ovintiv presently has an average rating of “Moderate Buy” and an average target price of $51.06.

Ovintiv Stock Up 3.6%

Shares of NYSE:OVV opened at $46.51 on Thursday. The company’s fifty day moving average is $40.42 and its 200-day moving average is $39.98. 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 $46.73. The company has a market capitalization of $11.78 billion, a PE ratio of 51.11, a P/E/G ratio of 2.51 and a beta of 0.78.

Insider Buying and Selling

In other Ovintiv news, COO Gregory Dean Givens sold 50,000 shares of the stock in a transaction 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 transaction, the chief operating officer directly owned 105,867 shares in the company, valued at approximately $4,269,616.11. This trade represents a 32.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Ovintiv

Several hedge funds have recently added to or reduced their stakes in OVV. McIlrath & Eck LLC bought a new position in shares of Ovintiv in the 3rd quarter valued at about $31,000. IFP Advisors Inc boosted its stake in Ovintiv by 316.7% in the second quarter. IFP Advisors Inc now owns 846 shares of the company’s stock valued at $32,000 after acquiring an additional 643 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in Ovintiv in the third quarter valued at approximately $36,000. HM Payson & Co. acquired a new stake in Ovintiv during the 3rd quarter worth $36,000. Finally, Quent Capital LLC bought a new stake in shares of Ovintiv during the 3rd quarter valued at $37,000. Institutional investors own 83.81% of the company’s stock.

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.