Zacks Research Weighs in on Ovintiv’s Q1 Earnings (NYSE:OVV)

Ovintiv Inc. (NYSE:OVV) – Analysts at Zacks Research upped their Q1 2026 earnings per share estimates for shares of Ovintiv in a research note issued to investors on Monday, March 16th. Zacks Research analyst Team now anticipates that the company will post earnings of $1.05 per share for the quarter, up from their previous estimate of $0.83. 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 Q3 2026 earnings at $0.69 EPS, Q2 2027 earnings at $0.97 EPS, Q3 2027 earnings at $0.95 EPS and FY2027 earnings at $4.08 EPS.

A number of other analysts have also recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Ovintiv from $42.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Thursday. Scotiabank upped their price target on shares of Ovintiv from $58.00 to $65.00 and gave the company a “sector outperform” rating in a research note on Thursday. Jefferies Financial Group restated a “buy” rating and set a $54.00 price objective on shares of Ovintiv in a research report on Saturday, January 17th. Royal Bank Of Canada restated an “outperform” rating and set a $55.00 price objective on shares of Ovintiv in a report on Thursday, February 19th. Finally, Roth Mkm upped their target price on Ovintiv from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.17.

Ovintiv Price Performance

NYSE:OVV opened at $57.00 on Wednesday. Ovintiv has a one year low of $29.80 and a one year high of $57.65. The company has a market cap of $16.15 billion, a P/E ratio of 11.78, a P/E/G ratio of 2.88 and a beta of 0.69. The firm’s fifty day moving average price is $47.21 and its two-hundred day moving average price is $42.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54.

Ovintiv (NYSE:OVV) last posted its quarterly earnings results on Monday, February 23rd. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. Ovintiv had a return on equity of 12.00% and a net margin of 13.94%.The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the business earned ($0.23) EPS.

Institutional Trading of Ovintiv

A number of institutional investors have recently modified their holdings of OVV. McIlrath & Eck LLC bought a new position in shares of Ovintiv in the third quarter worth $31,000. HM Payson & Co. acquired a new stake in Ovintiv during the third quarter worth about $36,000. Foster Dykema Cabot & Partners LLC bought a new position in Ovintiv in the 3rd quarter valued at about $36,000. Quent Capital LLC acquired a new position in shares of Ovintiv in the 3rd quarter valued at approximately $37,000. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Ovintiv in the 4th quarter valued at approximately $38,000. 83.81% of the stock is currently owned by institutional investors.

Insider Activity at Ovintiv

In related news, Director Howard John Mayson sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $52.39, for a total transaction of $261,950.00. Following the sale, the director owned 45,780 shares of the company’s stock, valued at $2,398,414.20. This represents a 9.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Meghan Nicole Eilers sold 11,582 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $54.78, for a total value of $634,461.96. Following the transaction, the executive vice president owned 54,092 shares in the company, valued at approximately $2,963,159.76. This trade represents a 17.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.70% of the stock is currently owned by company insiders.

Ovintiv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. Ovintiv’s dividend payout ratio (DPR) is currently 24.79%.

Key Ovintiv News

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Scotiabank raised its price target to $65 and put a “sector outperform” on OVV, signaling meaningful upside from current levels. Scotiabank Price Target Raise
• Positive Sentiment: Barclays boosted its target to $62 with an Overweight/Outperform stance — adds institutional credibility to the rally. Barclays Boosts Price Target
• Positive Sentiment: TD Cowen lifted its target to $60 (Buy), another incremental bullish analyst action that can attract flows. TD Cowen Note
• Positive Sentiment: Forbes included Ovintiv on a list of undervalued stocks to buy, which can broaden retail/income investor interest. Forbes Undervalued Stocks
• Neutral Sentiment: Wells Fargo raised its target to $54 but kept an “equal weight” rating — the new target sits below current market levels, so this is not a bullish catalyst and may temper upside for some investors. Wells Fargo Note
• Negative Sentiment: Zacks trimmed multiple near‑term EPS forecasts (Q1–Q4 2026 and FY2027 cuts noted), lowering short‑term earnings expectations — continued revisions would be a downside risk. Zacks Earnings Revisions
• Negative Sentiment: Insider selling: EVP Meghan Eilers sold 11,582 shares (~$54.78 avg), reducing her holding by ~17.6% — a potential negative signal for some investors. Insider Sale Filing

About Ovintiv

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.