Zacks Research Weighs in on Ovintiv’s Q3 Earnings (NYSE:OVV)

Ovintiv Inc. (NYSE:OVV) – Equities research analysts at Zacks Research boosted their Q3 2026 EPS estimates for Ovintiv in a report issued on Thursday, January 22nd. Zacks Research analyst Team now forecasts that the company will post earnings of $0.96 per share for the quarter, up from their previous forecast of $0.92. Zacks Research has a “Hold” 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 Q4 2026 earnings at $0.97 EPS and FY2026 earnings at $3.58 EPS.

Ovintiv (NYSE:OVV) last released its quarterly earnings data on Tuesday, November 4th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.97 by $0.06. Ovintiv had a return on equity of 12.22% and a net margin of 2.64%.The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.86 billion.

A number of other analysts have also weighed in on OVV. National Bankshares dropped their price objective on Ovintiv from $66.00 to $62.00 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. Scotiabank upped their price target on shares of Ovintiv from $51.00 to $58.00 and gave the company a “hold” rating in a report on Tuesday. Citigroup dropped their price target on shares of Ovintiv from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Morgan Stanley cut their price target on shares of Ovintiv from $48.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $47.00 price objective on shares of Ovintiv in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.82.

Ovintiv Price Performance

OVV opened at $41.08 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.45 and a quick ratio of 0.45. The stock’s 50 day simple moving average is $39.55 and its 200 day simple moving average is $39.75. The firm has a market cap of $10.40 billion, a price-to-earnings ratio of 45.14, a PEG ratio of 2.42 and a beta of 0.76. Ovintiv has a 1 year low of $29.80 and a 1 year high of $45.96.

Ovintiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a $0.30 dividend. The ex-dividend date was Monday, December 15th. This represents a $1.20 annualized dividend and a yield of 2.9%. Ovintiv’s dividend payout ratio is 131.87%.

Insider Activity at Ovintiv

In other news, COO Gregory Dean Givens sold 50,000 shares of Ovintiv stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $40.33, for a total transaction of $2,016,500.00. Following the sale, the chief operating officer owned 105,867 shares of the company’s stock, valued at approximately $4,269,616.11. The trade was a 32.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Ovintiv

A number of institutional investors have recently bought and sold shares of OVV. Burney Co. lifted its stake in Ovintiv by 690.5% during the 2nd quarter. Burney Co. now owns 67,091 shares of the company’s stock valued at $2,553,000 after acquiring an additional 58,604 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Ovintiv by 11.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 241,568 shares of the company’s stock worth $9,192,000 after acquiring an additional 23,968 shares during the period. Moody Aldrich Partners LLC raised its holdings in shares of Ovintiv by 152.1% during the third quarter. Moody Aldrich Partners LLC now owns 140,423 shares of the company’s stock valued at $5,670,000 after purchasing an additional 84,730 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Ovintiv by 466.2% during the third quarter. SG Americas Securities LLC now owns 132,552 shares of the company’s stock valued at $5,352,000 after purchasing an additional 109,142 shares during the last quarter. Finally, Oak Thistle LLC bought a new position in Ovintiv during the third quarter valued at approximately $3,534,000. 83.81% of the stock is owned by institutional investors.

About Ovintiv

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.