Zacks Research Has Positive Estimate for Ovintiv Q1 Earnings

Ovintiv Inc. (TSE:OVV) – Research analysts at Zacks Research raised their Q1 2026 earnings per share (EPS) estimates for shares of Ovintiv in a note issued to investors on Monday, March 16th. Zacks Research analyst Team now expects that the company will earn $1.42 per share for the quarter, up from their previous forecast of $1.14. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv’s Q3 2026 earnings at $0.94 EPS, Q1 2027 earnings at $1.29 EPS, Q2 2027 earnings at $1.33 EPS, Q3 2027 earnings at $1.29 EPS and FY2027 earnings at $5.55 EPS.

OVV has been the topic of several other research reports. Scotiabank upgraded shares of Ovintiv from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. William Blair upgraded shares of Ovintiv to a “strong-buy” rating in a research note on Wednesday, November 26th. TD Cowen raised shares of Ovintiv to a “strong-buy” rating in a report on Monday, February 9th. Finally, Stephens upgraded shares of Ovintiv to a “hold” rating in a research report on Tuesday, February 3rd. Five investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Ovintiv Stock Up 1.3%

Shares of OVV stock opened at C$76.92 on Wednesday. Ovintiv has a 12 month low of C$42.35 and a 12 month high of C$77.32. The firm has a market cap of C$21.79 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 0.05 and a beta of 1.06. The stock has a 50 day moving average of C$64.11 and a 200-day moving average of C$58.13. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 67.25.

Ovintiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, March 13th. Ovintiv’s dividend payout ratio (DPR) is presently 25.10%.

Key Stories Impacting Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks Research raised its Q1 2026 EPS estimate for Ovintiv to $1.42 (from $1.14), which supports a stronger near-term earnings outlook and can boost investor confidence in upcoming results. MarketBeat OVV
• Neutral Sentiment: A commentary piece examines Ovintiv’s relative stability within the NYSE Composite — useful market-color but not a direct earnings event. This may reinforce investor interest in OVV as a stable energy name. Is Ovintiv Showing Stability?
• Neutral Sentiment: Zacks published a long-range FY2028 EPS forecast of $10.79. That sizable long-term projection can be viewed positively for upside potential but is distant and more speculative, so its immediate market impact is limited. MarketBeat OVV
• Negative Sentiment: Zacks cut multiple near-term and medium-term EPS forecasts across 2026–2027 (Q2/Q3/Q4 2026, Q1–Q3 2027 and FY2026/FY2027). Notably, FY2027 was trimmed to $5.55 from $6.63 and FY2026 to $4.41 from $4.87 — reductions that lower near-term earnings expectations and could weigh on valuation if other analysts follow suit. MarketBeat OVV

About Ovintiv

Ovintiv Inc is a leading North American exploration and production (E&P) company focused on developing its high-quality, multi-basin portfolio. Ovintiv works to safely produce crude oil and natural gas-products that make modern life possible for all. The Company is focused on creating long-term shareholder value while contributing to the strength and sustainability of the communities where it operates.