Zacks Research Has Negative Forecast for Ovintiv Q4 Earnings

Ovintiv Inc. (TSE:OVV) – Equities researchers at Zacks Research lowered their Q4 2026 EPS estimates for Ovintiv in a report issued on Wednesday, July 15th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $2.21 for the quarter, down from their prior estimate of $2.22. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv’s Q2 2027 earnings at $2.11 EPS, Q3 2027 earnings at $2.01 EPS, Q4 2027 earnings at $2.01 EPS, FY2027 earnings at $7.85 EPS, Q1 2028 earnings at $2.50 EPS, Q2 2028 earnings at $2.54 EPS and FY2028 earnings at $10.15 EPS.

Ovintiv (TSE:OVV) last issued its quarterly earnings results on Monday, May 11th. The company reported C($3.27) earnings per share for the quarter. Ovintiv had a net margin of 8.59% and a return on equity of 7.13%. The business had revenue of C$3.52 billion during the quarter.

Several other equities analysts also recently weighed in on OVV. Truist Financial upgraded Ovintiv to a “strong-buy” rating in a research report on Monday, March 23rd. Wells Fargo & Company raised Ovintiv from a “hold” rating to a “strong-buy” rating and set a C$80.00 price target on the stock in a research note on Monday, June 22nd. Texas Capital upgraded Ovintiv to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Citigroup raised shares of Ovintiv from a “hold” rating to a “strong-buy” rating and set a C$70.00 price objective for the company in a research note on Wednesday, May 20th. Seven research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Ovintiv has a consensus rating of “Strong Buy” and an average price target of C$75.00.

Ovintiv Price Performance

OVV stock opened at C$80.98 on Thursday. Ovintiv has a 52-week low of C$50.13 and a 52-week high of C$86.86. The stock’s fifty day simple moving average is C$78.50 and its 200-day simple moving average is C$72.35. The company has a quick ratio of 0.51, a current ratio of 0.56 and a debt-to-equity ratio of 66.59. The stock has a market capitalization of C$22.76 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 0.05 and a beta of 0.39.

Ovintiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. Ovintiv’s payout ratio is currently 39.47%.

Ovintiv News Roundup

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks Research raised its forecast for Q1 2027 EPS to $1.72 from $1.66, signaling improved near-term earnings expectations for Ovintiv. Ovintiv stock page
• Positive Sentiment: The firm also increased estimates for several other periods, including Q2 2027 ($2.11), Q3 2027 ($2.01), Q4 2027 ($2.01), FY2027 ($7.85), Q1 2028 ($2.50), Q2 2028 ($2.54), and FY2028 ($10.15), reinforcing a bullish longer-term earnings view. Ovintiv stock page
• Neutral Sentiment: Zacks slightly trimmed Q4 2026 EPS to $2.21 from $2.22, but the reduction was minor and unlikely to outweigh the broader round of upward revisions. Ovintiv stock page

About Ovintiv

Ovintiv Inc is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the province of Alberta. Ovintiv’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin.