Zacks Research Brokers Reduce Earnings Estimates for Ovintiv

Ovintiv Inc. (NYSE:OVV) – Research analysts at Zacks Research cut their Q4 2026 earnings per share (EPS) estimates for shares of Ovintiv in a research report issued to clients and investors on Wednesday, July 15th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $1.57 for the quarter, down from their prior estimate of $1.59. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $7.19 per share.

Other equities analysts have also recently issued reports about the stock. UBS Group lowered their price objective on shares of Ovintiv from $76.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Stephens decreased their target price on Ovintiv from $71.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday. Royal Bank Of Canada set a $70.00 price target on Ovintiv and gave the company an “outperform” rating in a report on Monday, June 22nd. Morgan Stanley dropped their price target on Ovintiv from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, June 29th. Finally, Scotiabank raised Ovintiv from an “outperform” rating to a “buy” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.63.

Ovintiv Stock Performance

Ovintiv stock opened at $57.82 on Friday. Ovintiv has a fifty-two week low of $35.47 and a fifty-two week high of $63.46. The firm’s 50 day simple moving average is $56.19 and its 200-day simple moving average is $52.37. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market cap of $16.25 billion, a P/E ratio of 18.65 and a beta of 0.53.

Hedge Funds Weigh In On Ovintiv

A number of hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in shares of Ovintiv by 263.8% during the 3rd quarter. AQR Capital Management LLC now owns 4,949,637 shares of the company’s stock valued at $199,866,000 after buying an additional 3,589,030 shares during the last quarter. Millennium Management LLC increased its holdings in Ovintiv by 116.3% in the fourth quarter. Millennium Management LLC now owns 5,692,806 shares of the company’s stock worth $223,101,000 after buying an additional 3,060,691 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Ovintiv by 17.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,059,334 shares of the company’s stock valued at $433,418,000 after acquiring an additional 1,669,469 shares in the last quarter. Goldentree Asset Management LP bought a new position in Ovintiv during the fourth quarter valued at approximately $61,528,000. Finally, Freestone Grove Partners LP lifted its stake in Ovintiv by 79.9% in the fourth quarter. Freestone Grove Partners LP now owns 3,074,925 shares of the company’s stock valued at $120,506,000 after acquiring an additional 1,365,535 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Ovintiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, June 15th. Ovintiv’s payout ratio is currently 38.71%.

Trending Headlines about Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Citigroup lowered its price target on Ovintiv to $66 from $70, but kept a Buy rating, implying additional upside from current levels. Benzinga
• Positive Sentiment: Zacks Research raised several forward earnings estimates for Ovintiv, including Q3 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, FY2027, Q1 2028, Q2 2028 and FY2028, signaling expectations for continued earnings strength. MarketBeat
• Neutral Sentiment: Separately, Zacks Research trimmed its Q4 2026 EPS estimate slightly to $1.57 from $1.59 and maintained a Hold rating, which suggests some near-term caution ahead of earnings. MarketBeat
• Neutral Sentiment: Investors are also looking ahead to Ovintiv’s upcoming earnings report, with some market coverage noting the company still needs to prove it can deliver a beat. Zacks

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.