Zacks Research Has Positive Estimate for Ovintiv Q2 Earnings

Ovintiv Inc. (NYSE:OVV) – Equities researchers at Zacks Research lifted their Q2 2026 earnings per share (EPS) estimates for shares of Ovintiv in a research report issued to clients and investors on Wednesday, April 1st. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.69 for the quarter, up from their prior forecast of $0.68. 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 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 results 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. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.89 billion. Ovintiv had a return on equity of 12.00% and a net margin of 13.94%.During the same period in the previous year, the company earned ($0.23) EPS.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group boosted their target price on shares of Ovintiv from $49.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ovintiv in a research note on Monday, December 29th. Truist Financial began coverage on shares of Ovintiv in a report on Tuesday, March 24th. They issued a “buy” rating and a $70.00 price objective for the company. National Bank Financial increased their target price on shares of Ovintiv from $56.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $55.00 target price on shares of Ovintiv in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.16.

Ovintiv Price Performance

Shares of OVV opened at $59.13 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market cap of $16.75 billion, a PE ratio of 12.22, a PEG ratio of 2.06 and a beta of 0.59. The firm’s 50 day moving average price is $51.11 and its 200 day moving average price is $43.37. Ovintiv has a twelve month low of $29.80 and a twelve month high of $62.60.

Ovintiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, March 13th. Ovintiv’s payout ratio is currently 24.79%.

Insider Activity at Ovintiv

In other news, EVP Meghan Nicole Eilers sold 11,582 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $54.78, for a total value of $634,461.96. Following the completion of the sale, the executive vice president directly owned 54,092 shares of the company’s stock, valued at approximately $2,963,159.76. This represents a 17.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Howard John Mayson sold 5,000 shares of the firm’s 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 completion of the sale, the director owned 45,780 shares in the company, valued at approximately $2,398,414.20. The trade was a 9.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.70% of the company’s stock.

Institutional Trading of Ovintiv

Hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC increased its holdings in shares of Ovintiv by 70.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 9,127 shares of the company’s stock worth $391,000 after purchasing an additional 3,788 shares during the period. Great Lakes Advisors LLC acquired a new stake in Ovintiv during the first quarter worth about $202,000. Focus Partners Wealth grew its position in Ovintiv by 49.3% during the first quarter. Focus Partners Wealth now owns 19,282 shares of the company’s stock worth $825,000 after buying an additional 6,364 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Ovintiv by 47.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,830 shares of the company’s stock valued at $78,000 after acquiring an additional 589 shares during the period. Finally, Quantbot Technologies LP bought a new position in Ovintiv during the second quarter valued at about $563,000. 83.81% of the stock is owned by institutional investors.

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.