Zacks Research Decreases Earnings Estimates for Ovintiv

Ovintiv Inc. (NYSE:OVV) – Equities research analysts at Zacks Research cut their FY2025 EPS estimates for Ovintiv in a research report issued to clients and investors on Wednesday, September 3rd. Zacks Research analyst Team now forecasts that the company will post earnings of $4.85 per share for the year, down from their prior estimate of $5.12. 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 $1.19 EPS, Q2 2026 earnings at $1.03 EPS, Q3 2026 earnings at $1.11 EPS, Q4 2026 earnings at $1.38 EPS, FY2026 earnings at $4.71 EPS, Q1 2027 earnings at $1.26 EPS, Q2 2027 earnings at $1.32 EPS and FY2027 earnings at $5.73 EPS.

Several other brokerages also recently commented on OVV. UBS Group boosted their target price on Ovintiv from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. The Goldman Sachs Group raised Ovintiv from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $51.00 in a research note on Tuesday, July 1st. Scotiabank boosted their target price on Ovintiv from $48.00 to $51.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 11th. TD Cowen raised Ovintiv to a “strong-buy” rating in a research note on Monday, July 7th. Finally, Mizuho lowered their target price on Ovintiv from $60.00 to $58.00 and set an “outperform” rating for the company in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $53.07.

Ovintiv Stock Performance

Shares of Ovintiv stock opened at $41.09 on Friday. The company has a 50 day moving average of $40.40 and a 200-day moving average of $38.90. Ovintiv has a 1-year low of $29.80 and a 1-year high of $47.18. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.42. The company has a market cap of $10.56 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 5.47 and a beta of 1.08.

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

Ovintiv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. Ovintiv’s dividend payout ratio is currently 53.10%.

Institutional Trading of Ovintiv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC increased its position in Ovintiv by 5.6% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,582 shares of the company’s stock valued at $239,000 after purchasing an additional 297 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Ovintiv by 43.4% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,154 shares of the company’s stock worth $49,000 after buying an additional 349 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Ovintiv by 16.9% during the 1st quarter. UMB Bank n.a. now owns 2,890 shares of the company’s stock worth $124,000 after buying an additional 417 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Ovintiv by 0.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 69,212 shares of the company’s stock worth $2,962,000 after buying an additional 420 shares in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of Ovintiv by 3.8% during the 2nd quarter. ProShare Advisors LLC now owns 11,518 shares of the company’s stock worth $438,000 after buying an additional 427 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

About Ovintiv

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.