Zacks Research Has Bullish Forecast for Ovintiv Q1 Earnings

Ovintiv Inc. (NYSE:OVV) – Analysts at Zacks Research lifted their Q1 2026 earnings per share (EPS) estimates for Ovintiv in a note issued to investors on Tuesday, September 23rd. Zacks Research analyst Team now expects that the company will earn $1.21 per share for the quarter, up from their previous estimate of $1.19. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv’s Q2 2026 earnings at $1.05 EPS, Q3 2026 earnings at $1.12 EPS, Q4 2026 earnings at $1.40 EPS, FY2026 earnings at $4.78 EPS, Q1 2027 earnings at $1.32 EPS, Q2 2027 earnings at $1.34 EPS and FY2027 earnings at $5.85 EPS.

OVV has been the subject of several other reports. Mizuho reduced their price objective on Ovintiv from $58.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. TD Cowen raised Ovintiv to a “strong-buy” rating in a research report on Monday, July 7th. Wells Fargo & Company reduced their target price on Ovintiv from $46.00 to $41.00 and set an “equal weight” rating for the company in a research report on Monday, June 16th. Morgan Stanley set a $48.00 target price on Ovintiv and gave the stock an “equal weight” rating in a research report on Monday, August 18th. Finally, Scotiabank raised their target price on Ovintiv from $48.00 to $51.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 11th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $52.53.

Ovintiv Stock Down 0.2%

OVV opened at $42.70 on Thursday. 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 stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 5.50 and a beta of 1.08. The business has a 50 day moving average of $40.88 and a 200-day moving average of $38.95.

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

Ovintiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, September 15th. Ovintiv’s dividend payout ratio is currently 53.10%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OVV. Charles Schwab Investment Management Inc. raised its stake in Ovintiv by 383.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,258,570 shares of the company’s stock worth $396,267,000 after acquiring an additional 7,344,796 shares in the last quarter. AQR Capital Management LLC raised its stake in Ovintiv by 69.7% during the first quarter. AQR Capital Management LLC now owns 5,572,732 shares of the company’s stock worth $238,513,000 after acquiring an additional 2,288,989 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in Ovintiv by 143.8% during the second quarter. Adage Capital Partners GP L.L.C. now owns 3,739,237 shares of the company’s stock worth $142,278,000 after acquiring an additional 2,205,233 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Ovintiv in the first quarter valued at $56,865,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Ovintiv in the second quarter valued at $41,701,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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.