Zacks Research Analysts Boost Earnings Estimates for Ovintiv

Ovintiv Inc. (NYSE:OVV) – Equities research analysts at Zacks Research lifted their Q3 2027 EPS estimates for Ovintiv in a research note issued to investors on Tuesday, June 16th. Zacks Research analyst Team now forecasts that the company will post earnings of $1.42 per share for the quarter, up from their prior estimate of $1.41. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $8.17 per share. Zacks Research also issued estimates for Ovintiv’s FY2027 earnings at $5.52 EPS and FY2028 earnings at $7.17 EPS.

Ovintiv (NYSE:OVV) last announced its quarterly earnings data on Monday, May 11th. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.15. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.38 billion. Ovintiv had a return on equity of 13.14% and a net margin of 8.51%.

OVV has been the subject of several other research reports. TD Cowen boosted their price objective on shares of Ovintiv from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, March 17th. Scotiabank upgraded shares of Ovintiv from an “outperform” rating to a “buy” rating in a research report on Wednesday, May 20th. Truist Financial lowered their price objective on shares of Ovintiv from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Wall Street Zen lowered shares of Ovintiv from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Citigroup restated a “neutral” rating and issued a $62.00 price objective (up from $52.00) on shares of Ovintiv in a report on Monday, March 30th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Ovintiv has an average rating of “Moderate Buy” and a consensus price target of $63.00.

Ovintiv Trading Down 1.4%

OVV opened at $53.54 on Wednesday. The business has a fifty day moving average price of $57.55 and a 200 day moving average price of $50.11. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.56 and a quick ratio of 0.56. Ovintiv has a 12 month low of $35.47 and a 12 month high of $63.46. The stock has a market capitalization of $15.05 billion, a price-to-earnings ratio of 17.27 and a beta of 0.53.

Institutional Trading of Ovintiv

Hedge funds have recently added to or reduced their stakes in the business. Steph & Co. acquired a new stake in Ovintiv during the first quarter worth about $29,000. Foster Dykema Cabot & Partners LLC acquired a new position in Ovintiv in the third quarter valued at about $36,000. Flagship Harbor Advisors LLC bought a new stake in Ovintiv during the fourth quarter worth about $38,000. Los Angeles Capital Management LLC bought a new stake in Ovintiv during the 4th quarter worth approximately $46,000. Finally, Deseret Mutual Benefit Administrators increased its holdings in Ovintiv by 27.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,328 shares of the company’s stock valued at $52,000 after purchasing an additional 287 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Ovintiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, June 15th. Ovintiv’s dividend payout ratio is currently 38.71%.

Ovintiv News Summary

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks Research increased its earnings outlook for several Ovintiv periods, including FY2026, FY2027, and FY2028, signaling improving expectations for the company’s profit trajectory.
• Positive Sentiment: The firm also lifted quarterly EPS estimates for Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, and Q1 2028, which can reinforce investor confidence in operating performance.
• Neutral Sentiment: Zacks Research maintained a Strong-Buy rating on Ovintiv, adding a supportive analyst backdrop but not changing the overall investment thesis. Ovintiv stock page
• Neutral Sentiment: The broader article notes that Ovintiv still trades below some recent highs and has a current-year consensus earnings estimate of $8.15 per share, so investors may also be weighing whether the new forecasts justify more upside.

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.