Zacks Research Has Bullish Estimate for Ovintiv Q3 Earnings

Ovintiv Inc. (NYSE:OVV) – Equities research analysts at Zacks Research lifted their Q3 2026 earnings per share (EPS) estimates for shares of Ovintiv in a research note issued to investors on Thursday, January 22nd. Zacks Research analyst Team now expects that the company will earn $0.96 per share for the quarter, up from their previous forecast of $0.92. Zacks Research currently 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 Q4 2026 earnings at $0.97 EPS and FY2026 earnings at $3.58 EPS.

A number of other equities analysts also recently issued reports on the stock. Roth Mkm began coverage on shares of Ovintiv in a research note on Monday, October 13th. They set a “neutral” rating and a $42.00 price objective on the stock. Citigroup decreased their price target on shares of Ovintiv from $54.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ovintiv in a report on Monday, December 29th. Royal Bank Of Canada set a $55.00 price objective on Ovintiv and gave the company an “outperform” rating in a report on Wednesday, October 15th. Finally, Barclays cut their price objective on shares of Ovintiv from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $51.82.

Ovintiv Trading Down 0.2%

Shares of OVV opened at $40.72 on Friday. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 2.41 and a beta of 0.76. The company has a 50-day moving average of $39.51 and a 200 day moving average of $39.74. Ovintiv has a 1-year low of $29.80 and a 1-year high of $46.35. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.45 and a quick ratio of 0.45.

Ovintiv (NYSE:OVV) last released its earnings results on Tuesday, November 4th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.06. Ovintiv had a return on equity of 12.22% and a net margin of 2.64%.The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.86 billion.

Ovintiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, December 15th. Ovintiv’s payout ratio is 131.87%.

Insider Transactions at Ovintiv

In other Ovintiv news, COO Gregory Dean Givens sold 50,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $40.33, for a total value of $2,016,500.00. Following the transaction, the chief operating officer directly owned 105,867 shares in the company, valued at $4,269,616.11. This represents a 32.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ovintiv

Several hedge funds have recently made changes to their positions in OVV. Burney Co. raised its holdings in shares of Ovintiv by 690.5% during the second quarter. Burney Co. now owns 67,091 shares of the company’s stock valued at $2,553,000 after buying an additional 58,604 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Ovintiv by 11.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 241,568 shares of the company’s stock valued at $9,192,000 after acquiring an additional 23,968 shares during the period. Moody Aldrich Partners LLC raised its stake in Ovintiv by 152.1% during the 3rd quarter. Moody Aldrich Partners LLC now owns 140,423 shares of the company’s stock valued at $5,670,000 after acquiring an additional 84,730 shares in the last quarter. SG Americas Securities LLC boosted its position in Ovintiv by 466.2% during the 3rd quarter. SG Americas Securities LLC now owns 132,552 shares of the company’s stock worth $5,352,000 after acquiring an additional 109,142 shares during the period. Finally, Oak Thistle LLC acquired a new position in Ovintiv during the 3rd quarter worth $3,534,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

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.