Zacks Research Has Pessimistic View of Ovintiv Q1 Earnings

Ovintiv Inc. (NYSE:OVV) – Analysts at Zacks Research lowered their Q1 2027 EPS estimates for shares of Ovintiv in a research note issued on Thursday, January 22nd. Zacks Research analyst Team now expects that the company will earn $1.17 per share for the quarter, down from their prior estimate of $1.25. Zacks Research currently 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 Q2 2027 earnings at $1.22 EPS, Q3 2027 earnings at $1.21 EPS, Q4 2027 earnings at $1.34 EPS and FY2027 earnings at $4.94 EPS.

A number of other analysts have also recently weighed in on OVV. Morgan Stanley lowered their price target on Ovintiv from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. Barclays lowered their target price on shares of Ovintiv from $57.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Evercore ISI reiterated an “outperform” rating and set a $47.00 target price on shares of Ovintiv in a research report on Thursday, November 6th. Roth Mkm assumed coverage on shares of Ovintiv in a research report on Monday, October 13th. They issued a “neutral” rating and a $42.00 price target on the stock. Finally, Royal Bank Of Canada set a $55.00 price objective on shares of Ovintiv and gave the stock an “outperform” rating in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Ovintiv currently has an average rating of “Moderate Buy” and a consensus price target of $51.82.

Ovintiv Stock Up 0.9%

NYSE OVV opened at $41.08 on Monday. Ovintiv has a 1-year low of $29.80 and a 1-year high of $45.96. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 45.14, a PEG ratio of 2.42 and a beta of 0.76. The stock’s 50 day moving average is $39.55 and its two-hundred day moving average is $39.74. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.43.

Ovintiv (NYSE:OVV) last posted its earnings results on Tuesday, November 4th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. Ovintiv had a net margin of 2.64% and a return on equity of 12.22%. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.86 billion.

Hedge Funds Weigh In On Ovintiv

Several hedge funds have recently added to or reduced their stakes in OVV. McIlrath & Eck LLC bought a new stake in Ovintiv in the third quarter valued at approximately $31,000. IFP Advisors Inc increased its position in shares of Ovintiv by 316.7% in the 2nd quarter. IFP Advisors Inc now owns 846 shares of the company’s stock valued at $32,000 after buying an additional 643 shares in the last quarter. Dogwood Wealth Management LLC acquired a new stake in Ovintiv during the 2nd quarter worth $35,000. HM Payson & Co. bought a new position in Ovintiv during the third quarter worth about $36,000. Finally, Foster Dykema Cabot & Partners LLC acquired a new position in Ovintiv in the third quarter valued at about $36,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling

In other Ovintiv news, COO Gregory Dean Givens sold 50,000 shares of the company’s 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 transaction, the chief operating officer directly owned 105,867 shares in the company, valued at approximately $4,269,616.11. This represents a 32.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.89% of the stock is currently owned by insiders.

Ovintiv Dividend Announcement

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

Ovintiv Company Profile

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.