Zacks Research Issues Positive Forecast for Ovintiv Earnings

Ovintiv Inc. (NYSE:OVV) – Research analysts at Zacks Research lifted their Q2 2026 earnings estimates for Ovintiv in a note issued to investors on Wednesday, April 1st. Zacks Research analyst Team now expects that the company will post earnings per share of $0.69 for the quarter, up from their previous estimate of $0.68. 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 FY2026 earnings at $3.25 EPS, Q2 2027 earnings at $0.98 EPS and FY2028 earnings at $6.96 EPS.

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

A number of other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. began coverage on Ovintiv in a research report on Wednesday, February 25th. They set an “overweight” rating and a $58.00 price target on the stock. Bank of America raised their price objective on Ovintiv from $63.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group boosted their target price on Ovintiv from $61.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Barclays increased their price target on Ovintiv from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Finally, Stephens raised Ovintiv to a “hold” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.16.

Ovintiv Price Performance

NYSE:OVV opened at $59.13 on Friday. The company has a market capitalization of $16.75 billion, a P/E ratio of 12.22, a P/E/G ratio of 2.12 and a beta of 0.59. Ovintiv has a 12 month low of $29.80 and a 12 month high of $62.60. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average is $51.47 and its 200 day moving average is $43.51.

Ovintiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, March 13th. Ovintiv’s dividend payout ratio is presently 24.79%.

Insiders Place Their Bets

In related news, Director Howard John Mayson sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $52.39, for a total value of $261,950.00. Following the completion of the transaction, the director owned 45,780 shares in the company, valued at $2,398,414.20. This trade represents a 9.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Meghan Nicole Eilers sold 11,582 shares of Ovintiv stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $54.78, for a total value of $634,461.96. Following the sale, the executive vice president directly owned 54,092 shares of the company’s stock, valued at approximately $2,963,159.76. This represents a 17.64% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Ovintiv

A number of institutional investors and hedge funds have recently modified their holdings of the company. McIlrath & Eck LLC acquired a new position in Ovintiv in the 3rd quarter worth approximately $31,000. Foster Dykema Cabot & Partners LLC acquired a new stake in Ovintiv during the 3rd quarter valued at approximately $36,000. HM Payson & Co. acquired a new stake in Ovintiv during the 3rd quarter valued at approximately $36,000. Quent Capital LLC purchased a new stake in shares of Ovintiv in the 3rd quarter valued at $37,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Ovintiv in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

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.