Zacks Research Brokers Boost Earnings Estimates for Ovintiv

Ovintiv Inc. (NYSE:OVV) – Research analysts at Zacks Research upped their FY2025 EPS estimates for shares of Ovintiv in a note issued to investors on Thursday, August 14th. Zacks Research analyst Team now anticipates that the company will post earnings of $5.12 per share for the year, up from their prior forecast of $5.10. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv’s Q1 2026 earnings at $1.25 EPS, Q2 2026 earnings at $1.16 EPS, Q4 2026 earnings at $1.49 EPS, FY2026 earnings at $5.12 EPS, Q2 2027 earnings at $1.43 EPS and FY2027 earnings at $6.13 EPS.

Several other equities research analysts have also recently weighed in on OVV. Mizuho decreased their price objective on shares of Ovintiv from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Tuesday, May 13th. Wells Fargo & Company cut their target price on shares of Ovintiv from $46.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Monday, June 16th. Scotiabank raised their price objective on shares of Ovintiv from $48.00 to $51.00 and gave the company a “sector outperform” rating in a research note on Friday, July 11th. The Goldman Sachs Group raised shares of Ovintiv from a “neutral” rating to a “buy” rating and raised their price objective for the company from $47.00 to $51.00 in a research note on Tuesday, July 1st. Finally, TD Cowen raised shares of Ovintiv to a “strong-buy” rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Ovintiv presently has a consensus rating of “Buy” and a consensus price target of $53.47.

Ovintiv Trading Down 1.0%

Shares of NYSE OVV opened at $39.43 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.43 and a current ratio of 0.43. Ovintiv has a 52-week low of $29.80 and a 52-week high of $47.18. The firm has a 50 day moving average price of $40.14 and a two-hundred day moving average price of $39.10. The stock has a market cap of $10.14 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 4.76 and a beta of 1.10.

Ovintiv (NYSE:OVV) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.02). The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.92 billion. Ovintiv had a return on equity of 14.24% and a net margin of 6.46%.

Ovintiv Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. Ovintiv’s dividend payout ratio (DPR) is 53.10%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC grew its position in shares of Ovintiv by 740.0% in the 2nd quarter. Headlands Technologies LLC now owns 12,054 shares of the company’s stock worth $459,000 after buying an additional 10,619 shares during the period. Vident Advisory LLC grew its position in shares of Ovintiv by 14.2% in the 2nd quarter. Vident Advisory LLC now owns 25,930 shares of the company’s stock worth $987,000 after buying an additional 3,231 shares during the period. Rafferty Asset Management LLC grew its position in shares of Ovintiv by 1.6% in the 2nd quarter. Rafferty Asset Management LLC now owns 139,360 shares of the company’s stock worth $5,303,000 after buying an additional 2,252 shares during the period. Orion Porfolio Solutions LLC grew its position in shares of Ovintiv by 1,599.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 651,038 shares of the company’s stock worth $24,772,000 after buying an additional 612,725 shares during the period. Finally, MML Investors Services LLC grew its position in shares of Ovintiv by 3.1% in the 2nd quarter. MML Investors Services LLC now owns 71,996 shares of the company’s stock worth $2,739,000 after buying an additional 2,158 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Ovintiv Company Profile

Ovintiv Inc, together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.