Roth Capital Issues Pessimistic Outlook for Ovintiv Earnings

Ovintiv Inc. (NYSE:OVV) – Roth Capital decreased their Q1 2026 earnings per share (EPS) estimates for Ovintiv in a report released on Wednesday, November 5th. Roth Capital analyst N. Pope now forecasts that the company will earn $0.67 per share for the quarter, down from their previous forecast of $0.99. Roth Capital currently has a “Neutral” rating and a $42.00 target price on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. Roth Capital also issued estimates for Ovintiv’s Q2 2026 earnings at $0.29 EPS, Q3 2026 earnings at $0.57 EPS, Q4 2026 earnings at $0.85 EPS and FY2026 earnings at $2.36 EPS.

Several other equities research analysts have also issued reports on the stock. Zacks Research lowered shares of Ovintiv from a “hold” rating to a “strong sell” rating in a report on Friday, September 26th. JPMorgan Chase & Co. dropped their price target on shares of Ovintiv from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ovintiv in a report on Wednesday. Royal Bank Of Canada set a $55.00 target price on Ovintiv and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Finally, Wells Fargo & Company lowered their price target on Ovintiv from $46.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $51.71.

Ovintiv Stock Up 2.9%

NYSE OVV traded up $1.10 during trading hours on Friday, reaching $38.66. 679,677 shares of the company traded hands, compared to its average volume of 3,444,112. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.42. Ovintiv has a 12 month low of $29.80 and a 12 month high of $47.18. The company has a 50 day moving average of $39.65 and a two-hundred day moving average of $38.95. The stock has a market capitalization of $9.94 billion, a PE ratio of 17.13, a PEG ratio of 1.89 and a beta of 1.00.

Ovintiv (NYSE:OVV) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.86 billion. Ovintiv had a net margin of 6.46% and a return on equity of 14.24%.

Institutional Trading of Ovintiv

Several large investors have recently added to or reduced their stakes in OVV. McIlrath & Eck LLC acquired a new stake in shares of Ovintiv in the 3rd quarter worth $31,000. IFP Advisors Inc increased its stake in shares of Ovintiv by 316.7% during the second quarter. IFP Advisors Inc now owns 846 shares of the company’s stock worth $32,000 after buying an additional 643 shares during the period. Dogwood Wealth Management LLC acquired a new stake in shares of Ovintiv in the 2nd quarter valued at $35,000. HM Payson & Co. acquired a new position in shares of Ovintiv during the third quarter worth $36,000. Finally, Quent Capital LLC acquired a new position in shares of Ovintiv during the 3rd quarter worth about $37,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Ovintiv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.30 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. Ovintiv’s payout ratio is currently 131.87%.

Ovintiv Company Profile

Ovintiv Inc, together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.