Brokers Issue Forecasts for Ovintiv's Q2 Earnings (TSE:OVV)

Key Points

• Zacks Research raised its Q2 2026 EPS estimate for Ovintiv to $0.95 (from $0.93) and lifted several near‑term and FY2026/FY2027 forecasts, while trimming FY2028 to $9.70 — suggesting stronger near‑term outlook but caution further out.
• Analyst sentiment is generally positive—five Strong Buy, one Buy and four Hold ratings result in an average rating of Buy—and the stock traded up about 3.3% to C$82.34 on the updates.
• Ovintiv last reported C$5.10 EPS and C$2.81 billion in revenue for the quarter, and pays a quarterly dividend of $0.30 (1.5% yield) with a 25.1% payout ratio.

Ovintiv Inc. (TSE:OVV - Free Report) - Stock analysts at Zacks Research raised their Q2 2026 EPS estimates for Ovintiv in a research report issued to clients and investors on Wednesday, April 1st. Zacks Research analyst Team now expects that the company will post earnings of $0.95 per share for the quarter, up from their prior forecast of $0.93. The consensus estimate for Ovintiv's current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv's Q3 2026 earnings at $0.96 EPS, Q4 2026 earnings at $1.15 EPS, FY2026 earnings at $4.52 EPS, Q1 2027 earnings at $1.32 EPS, Q2 2027 earnings at $1.36 EPS, Q3 2027 earnings at $1.32 EPS, Q4 2027 earnings at $1.68 EPS, FY2027 earnings at $5.69 EPS and FY2028 earnings at $9.70 EPS.

Ovintiv (TSE:OVV - Get Free Report) last announced its earnings results on Monday, February 23rd. The company reported C$5.10 earnings per share (EPS) for the quarter. Ovintiv had a return on equity of 11.86% and a net margin of 14.13%.The business had revenue of C$2.81 billion for the quarter.

A number of other equities research analysts also recently weighed in on the company. Scotiabank raised Ovintiv from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 11th. Citigroup lowered shares of Ovintiv from a "strong-buy" rating to a "hold" rating in a research report on Sunday, March 29th. Stephens upgraded shares of Ovintiv to a "hold" rating in a report on Tuesday, February 3rd. Truist Financial raised shares of Ovintiv to a "strong-buy" rating in a research report on Monday, March 23rd. Finally, TD Cowen upgraded shares of Ovintiv to a "strong-buy" rating in a research note on Monday, February 9th. Five investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Ovintiv has an average rating of "Buy".

Ovintiv Trading Up 3.3%

OVV opened at C$82.34 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 67.25. The firm has a market cap of C$23.33 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 0.05 and a beta of 1.06. Ovintiv has a 12 month low of C$42.35 and a 12 month high of C$86.86. The stock has a fifty day moving average price of C$69.98 and a 200-day moving average price of C$59.94.

Ovintiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, March 13th. Ovintiv's dividend payout ratio is currently 25.10%.

Key Stories Impacting Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks raised several near‑term and FY2026/FY2027 EPS forecasts for Ovintiv, increasing Q1 2026 to $1.46 (from $1.42), Q2 2026 to $0.95 (from $0.93), Q3 2026 to $0.96 (from $0.94), Q4 2026 to $1.15 (from $1.12) and lifting FY2026 to $4.52 (from $4.41) and FY2027 to $5.69 (from $5.55). These upward revisions imply stronger near‑term profitability expectations, supporting the stock move. Zacks estimate upgrades
• Neutral Sentiment: Coverage noted Ovintiv’s positioning of diversified energy assets in the NYSE Composite — a descriptive piece on corporate profile/market presence that is informative but not an immediate earnings driver. Ovintiv positions diversified energy assets
• Negative Sentiment: Zacks trimmed some longer‑range forecasts: FY2028 was cut to $9.70 from $10.79 and Q1 2028 was lowered to $2.33 from $2.54. These reductions signal some caution about longer‑term growth, which could limit upside if not offset by continued near‑term strength. Zacks longer‑term cuts

About Ovintiv

Ovintiv Inc is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the province of Alberta. Ovintiv's primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin.

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