FY2026 EPS Estimates for Ovintiv Increased by Zacks Research

Ovintiv Inc. (NYSE:OVV) – Analysts at Zacks Research increased their FY2026 EPS estimates for shares of Ovintiv in a report issued on Monday, October 12th. Zacks Research analyst Team now anticipates that the company will post earnings of $6.73 per share for the year, up from their previous estimate of $6.71. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $7.29 per share. Zacks Research also issued estimates for Ovintiv’s Q4 2026 earnings at $1.52 EPS, Q1 2027 earnings at $1.42 EPS, Q2 2027 earnings at $1.33 EPS, Q3 2027 earnings at $1.35 EPS, Q4 2027 earnings at $1.39 EPS, FY2027 earnings at $5.49 EPS and Q2 2028 earnings at $2.10 EPS.

OVV has been the subject of several other reports. UBS Group restated a “buy” rating and issued a $85.00 price target on shares of Ovintiv in a research note on Monday, September 14th. Truist Financial increased their price objective on Ovintiv from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday. Scotiabank reissued a “sector outperform” rating and set a $75.00 target price (up from $70.00) on shares of Ovintiv in a report on Friday, October 2nd. Texas Capital raised Ovintiv to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Wells Fargo & Company boosted their target price on shares of Ovintiv from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.09.

Ovintiv Price Performance

Shares of OVV opened at $65.03 on Tuesday. The company’s 50-day moving average is $62.98 and its 200-day moving average is $59.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $17.92 billion, a PE ratio of 18.37 and a beta of 0.65. Ovintiv has a fifty-two week low of $35.47 and a fifty-two week high of $67.51.

Ovintiv (NYSE:OVV) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.20). The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.37 billion. Ovintiv had a return on equity of 14.84% and a net margin of 9.43%.

Ovintiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.8%. Ovintiv’s dividend payout ratio (DPR) is 33.90%.

Insiders Place Their Bets

In other news, EVP Rachel Moore sold 7,753 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $63.32, for a total value of $490,919.96. Following the completion of the transaction, the executive vice president owned 72,530 shares of the company’s stock, valued at $4,592,599.60. This represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.85% of the stock is owned by corporate insiders.

Institutional Trading of Ovintiv

Several institutional investors have recently modified their holdings of OVV. BlackRock Inc. bought a new position in Ovintiv during the 2nd quarter worth $1,422,959,000. Millennium Management LLC lifted its holdings in Ovintiv by 116.3% during the 4th quarter. Millennium Management LLC now owns 5,692,806 shares of the company’s stock worth $223,101,000 after buying an additional 3,060,691 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Ovintiv in the 2nd quarter valued at about $124,308,000. Bank of America Corp DE bought a new stake in shares of Ovintiv in the 2nd quarter valued at about $79,475,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Ovintiv by 16.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 7,880,705 shares of the company’s stock valued at $467,874,000 after buying an additional 1,137,162 shares during the period. Institutional investors own 83.81% of the company’s stock.

Key Ovintiv News

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks Research raised multiple EPS forecasts: Estimates increased for Q4 2026 to $1.52 from $1.49, FY2026 to $6.73 from $6.71, and FY2027 to $5.49 from $5.24. Forecasts also rose for each reported quarter from Q1 2027 through Q4 2027, as well as Q2 2028 to $2.10 from $2.01. The revisions indicate improving expectations for Ovintiv’s future profitability, although Zacks retained its Hold rating. Zacks Research article on Ovintiv estimates
• Positive Sentiment: Operating momentum remains a key catalyst: Zacks noted that Ovintiv has outperformed its subindustry over the past three months, supported by higher oil production, strong free cash flow and a deep drilling inventory. These factors could help sustain growth and shareholder returns. Ovintiv stock performance and outlook
• Neutral Sentiment: UBS expects a positive company update, but its outlook acknowledges midstream-related headwinds. This suggests Ovintiv’s operating performance may remain solid while infrastructure or transportation issues could temper the near-term upside. UBS outlook for Ovintiv
• Negative Sentiment: Natural-gas weakness remains a risk. Despite stronger oil output and free cash flow, Zacks highlighted natural-gas headwinds, which could pressure revenue and earnings if prices remain weak. The current full-year consensus of $7.29 EPS also remains above Zacks’ $6.73 FY2026 estimate, leaving room for earnings expectations to disappoint. Zacks risks for Ovintiv

About Ovintiv

Ovintiv Inc (NYSE: OVV) is an energy company engaged in the exploration, development, production and operation of oil and natural gas properties. Its production includes crude oil, condensate, plant condensate, natural gas liquids and natural gas.

The company’s operations are concentrated in North America, with core assets in the Permian Basin, Uinta Basin and Anadarko Basin in the United States, as well as the Montney region in western Canada. Ovintiv also owns and operates related processing, gathering and other midstream infrastructure that supports the production and transportation of its energy products.

Ovintiv was formerly known as Encana Corporation and adopted its current name in 2020.