Zacks Research Brokers Raise Earnings Estimates for Ovintiv

Ovintiv Inc. (NYSE:OVV) – Analysts at Zacks Research upped their Q2 2026 earnings per share estimates for shares of Ovintiv in a research report issued on Wednesday, April 1st. Zacks Research analyst Team now expects that the company will earn $0.69 per share for the quarter, up from their previous forecast of $0.68. 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 FY2026 earnings at $3.25 EPS, Q2 2027 earnings at $0.98 EPS and FY2028 earnings at $6.96 EPS.

Ovintiv (NYSE:OVV) last announced its quarterly earnings data on Monday, February 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.41. Ovintiv had a return on equity of 12.00% and a net margin of 13.94%.The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the business posted ($0.23) EPS.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company boosted their price target on shares of Ovintiv from $42.00 to $54.00 and gave the stock an “equal weight” rating in a report on Thursday, March 19th. The Goldman Sachs Group raised their price objective on shares of Ovintiv from $49.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Bank of America lifted their price objective on shares of Ovintiv from $63.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings upgraded shares of Ovintiv from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, Stephens raised Ovintiv to a “hold” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ovintiv currently has an average rating of “Moderate Buy” and a consensus target price of $59.16.

Ovintiv Stock Down 0.1%

OVV stock opened at $59.13 on Friday. The company’s 50 day moving average price is $51.47 and its 200 day moving average price is $43.50. The firm has a market capitalization of $16.75 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 2.12 and a beta of 0.59. Ovintiv has a fifty-two week low of $29.80 and a fifty-two week high of $62.60. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54.

Hedge Funds Weigh In On Ovintiv

Hedge funds have recently made changes to their positions in the company. McIlrath & Eck LLC acquired a new stake in shares of Ovintiv in the 3rd quarter valued at about $31,000. Foster Dykema Cabot & Partners LLC purchased a new position in Ovintiv during the 3rd quarter worth approximately $36,000. HM Payson & Co. acquired a new position in Ovintiv during the third quarter worth approximately $36,000. Quent Capital LLC acquired a new position in Ovintiv during the third quarter worth approximately $37,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Ovintiv in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, EVP Meghan Nicole Eilers sold 11,582 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $54.78, for a total value of $634,461.96. Following the transaction, the executive vice president directly owned 54,092 shares of the company’s stock, valued at $2,963,159.76. This trade represents a 17.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Howard John Mayson sold 5,000 shares of Ovintiv stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $52.39, for a total transaction of $261,950.00. Following the sale, the director owned 45,780 shares in the company, valued at $2,398,414.20. This represents a 9.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.70% of the stock is currently owned by company insiders.

Ovintiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.0%. Ovintiv’s dividend payout ratio (DPR) is presently 24.79%.

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.