Zacks Research Has Negative Estimate for Ovintiv Q1 Earnings

Ovintiv Inc. (NYSE:OVV) – Zacks Research reduced their Q1 2026 EPS estimates for shares of Ovintiv in a research report issued to clients and investors on Tuesday, February 3rd. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.83 for the quarter, down from their previous estimate of $0.84. Zacks Research currently 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 Q4 2026 earnings at $0.96 EPS, FY2026 earnings at $3.56 EPS, Q1 2027 earnings at $1.18 EPS, Q2 2027 earnings at $1.20 EPS, Q3 2027 earnings at $1.19 EPS, Q4 2027 earnings at $1.35 EPS and FY2027 earnings at $4.95 EPS.

Ovintiv (NYSE:OVV) last released its quarterly 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 return on equity of 12.22% and a net margin of 2.64%.The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.86 billion.

A number of other analysts also recently weighed in on OVV. National Bankshares boosted their target price on Ovintiv from $54.00 to $56.00 and gave the stock an “outperform” rating in a research report on Tuesday. UBS Group reissued a “buy” rating on shares of Ovintiv in a research note on Thursday, January 22nd. Evercore ISI reaffirmed an “outperform” rating and issued a $47.00 price objective on shares of Ovintiv in a research note on Thursday, November 6th. Stephens raised shares of Ovintiv to a “hold” rating in a report on Tuesday. Finally, Wells Fargo & Company lifted their target price on shares of Ovintiv from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.06.

Ovintiv Price Performance

OVV opened at $46.00 on Wednesday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $11.65 billion, a P/E ratio of 50.55, a PEG ratio of 2.47 and a beta of 0.78. The stock has a 50-day moving average price of $40.22 and a 200-day moving average price of $39.89. Ovintiv has a 12-month low of $29.80 and a 12-month high of $46.24.

Hedge Funds Weigh In On Ovintiv

A number of hedge funds have recently modified their holdings of OVV. Burney Co. boosted its holdings in Ovintiv by 690.5% in the second 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 in the last quarter. Moody Aldrich Partners LLC raised its holdings in Ovintiv by 152.1% in the 3rd quarter. Moody Aldrich Partners LLC now owns 140,423 shares of the company’s stock worth $5,670,000 after purchasing an additional 84,730 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Ovintiv by 296.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 79,012 shares of the company’s stock worth $3,134,000 after purchasing an additional 59,069 shares during the period. SG Americas Securities LLC boosted its stake in shares of Ovintiv by 466.2% during the 3rd 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 in the last quarter. Finally, Oak Thistle LLC bought a new stake in shares of Ovintiv during the 3rd quarter valued at about $3,534,000. Hedge funds and other institutional investors 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 stock in a transaction on 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 completion of the sale, the chief operating officer owned 105,867 shares of the company’s stock, valued at $4,269,616.11. This represents a 32.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.

Key Stories Impacting Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Ovintiv closed its acquisition of NuVista Energy, expanding its Alberta Montney position and adding production and cash flow that could be accretive to free cash flow and reserves. This strategic deal is the most direct fundamental driver supporting the stock’s gain today. Ovintiv Announces Closing of NuVista Energy Acquisition
• Positive Sentiment: National Bankshares raised its price target from $54 to $56 and keeps an “outperform” rating — a bullish signal that implies ~25–30% upside from current levels and may attract buyers. Analyst Note: National Bankshares Raises PT
• Neutral Sentiment: Stephens initiated/started coverage at Equal Weight (Hold), citing operational strength and attractive valuation — a neutral-to-modestly supportive view that balances the negative Zacks call and helps validate the deal rationale. Ovintiv started Equal Weight at Stephens
• Negative Sentiment: Zacks Research downgraded Ovintiv to “Strong Sell” and issued a series of small downward tweaks to FY2026/Q‑tranche EPS estimates (and mixed tweaks to FY2027), signaling concern about near‑term earnings. A high‑profile “Strong Sell” headline can pressure the stock, especially among quant/overlay strategies that react to ratings changes. Zacks Research Coverage

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.