Zacks Research Brokers Lower Earnings Estimates for Ovintiv

Ovintiv Inc. (NYSE:OVV) – Equities research analysts at Zacks Research cut their Q1 2026 earnings per share estimates for Ovintiv in a research note issued on Monday, September 29th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $1.07 for the quarter, down from their previous forecast of $1.21. Zacks Research has a “Strong Sell” 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 Q2 2026 earnings at $0.95 EPS, Q3 2026 earnings at $1.02 EPS, Q4 2026 earnings at $1.24 EPS, FY2026 earnings at $4.29 EPS, Q1 2027 earnings at $1.19 EPS, Q2 2027 earnings at $1.13 EPS and FY2027 earnings at $4.99 EPS.

OVV has been the topic of several other reports. TD Cowen raised Ovintiv to a “strong-buy” rating in a research report on Monday, July 7th. Barclays raised their price target on Ovintiv from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Wells Fargo & Company lowered their price target on Ovintiv from $46.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Monday, June 16th. UBS Group raised their price target on Ovintiv from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Finally, Mizuho lowered their price target on Ovintiv from $58.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $52.60.

Ovintiv Trading Up 0.4%

Shares of NYSE:OVV opened at $40.53 on Wednesday. The company has a market cap of $10.42 billion, a P/E ratio of 17.93, a P/E/G ratio of 5.22 and a beta of 0.97. The stock’s 50-day moving average is $41.02 and its 200-day moving average is $38.99. Ovintiv has a 52-week low of $29.80 and a 52-week high of $47.18. 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 (NYSE:OVV) last posted its earnings results 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 company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.92 billion.

Ovintiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, September 15th. Ovintiv’s dividend payout ratio is currently 53.10%.

Institutional Investors Weigh In On Ovintiv

Several hedge funds have recently bought and sold shares of the company. Praxis Investment Management Inc. lifted its stake in Ovintiv by 35.2% in the 3rd quarter. Praxis Investment Management Inc. now owns 14,440 shares of the company’s stock valued at $583,000 after purchasing an additional 3,760 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in Ovintiv by 31.1% in the 2nd quarter. Texas Permanent School Fund Corp now owns 227,500 shares of the company’s stock valued at $8,656,000 after purchasing an additional 53,993 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Ovintiv by 6.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 24,919 shares of the company’s stock valued at $948,000 after purchasing an additional 1,616 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in Ovintiv in the 2nd quarter valued at about $240,000. Finally, Headlands Technologies LLC lifted its stake in Ovintiv by 740.0% in the 2nd quarter. Headlands Technologies LLC now owns 12,054 shares of the company’s stock valued at $459,000 after purchasing an additional 10,619 shares during the last quarter. 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.