Brokers Issue Forecasts for Ovintiv's Q3 Earnings (NYSE:OVV)

Key Points

• Zacks Research raised Ovintiv’s Q3 2026 EPS forecast to $1.47 from $1.45, while maintaining a “Hold” rating. Full-year 2026 consensus EPS remains $7.30.
• Analyst sentiment is broadly positive, with Ovintiv carrying a “Moderate Buy” consensus rating and an average price target of $68.20; several firms recently raised their targets to between $73 and $92.
• Ovintiv declared a quarterly dividend of $0.30 per share, implying $1.20 annually and a 1.9% yield. The company’s shares opened at $64.06, near their 52-week high of $67.51.

Ovintiv Inc. (NYSE:OVV - Free Report) - Equities researchers at Zacks Research lifted their Q3 2026 earnings per share estimates for shares of Ovintiv in a note issued to investors on Wednesday, September 9th. Zacks Research analyst Team now expects that the company will post earnings per share of $1.47 for the quarter, up from their previous forecast of $1.45. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Ovintiv's current full-year earnings is $7.30 per share. Zacks Research also issued estimates for Ovintiv's Q4 2026 earnings at $1.49 EPS, Q2 2027 earnings at $1.26 EPS, Q3 2027 earnings at $1.25 EPS, Q4 2027 earnings at $1.29 EPS, FY2027 earnings at $5.11 EPS, Q1 2028 earnings at $1.45 EPS and FY2028 earnings at $6.57 EPS.

A number of other equities research analysts have also commented on the stock. Mizuho upped their price target on shares of Ovintiv from $69.00 to $75.00 and gave the company an "outperform" rating in a report on Wednesday, May 27th. Barclays raised their price target on shares of Ovintiv from $68.00 to $75.00 and gave the stock an "overweight" rating in a report on Tuesday, May 26th. National Bank Financial upped their price objective on shares of Ovintiv from $82.00 to $83.00 and gave the company an "outperform" rating in a research note on Wednesday, July 8th. Truist Financial reiterated a "buy" rating and set a $73.00 target price (up from $66.00) on shares of Ovintiv in a report on Monday, July 27th. Finally, Stifel Nicolaus set a $92.00 target price on Ovintiv and gave the stock a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Ovintiv has a consensus rating of "Moderate Buy" and an average price target of $68.20.

Ovintiv Stock Down 0.5%

Shares of Ovintiv stock opened at $64.06 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.01. Ovintiv has a 52-week low of $35.47 and a 52-week high of $67.51. The company's 50 day moving average price is $61.47 and its 200-day moving average price is $58.08. The stock has a market capitalization of $17.65 billion, a price-to-earnings ratio of 18.10 and a beta of 0.53.

Ovintiv (NYSE:OVV - Get Free Report) last announced 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 company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.37 billion. Ovintiv had a net margin of 9.43% and a return on equity of 14.84%.

Ovintiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Ovintiv's payout ratio is presently 33.90%.

Insider Buying and Selling

In other Ovintiv news, EVP Rachel Moore sold 7,753 shares of the company's stock in a transaction on Wednesday, August 12th. The shares were 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 directly owned 72,530 shares in the company, valued at approximately $4,592,599.60. This represents a 9.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.85% of the company's stock.

Hedge Funds Weigh In On Ovintiv

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Steph & Co. purchased a new stake in Ovintiv in the first quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Ovintiv in the 2nd quarter worth approximately $32,000. Aberdeen Wealth Management LLC bought a new position in shares of Ovintiv in the 2nd quarter worth approximately $32,000. Markowski Investments bought a new position in shares of Ovintiv in the 2nd quarter worth approximately $39,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Ovintiv in the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Trending Headlines about Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks increased its 2026 EPS forecast to $6.70 from $6.66 and raised its Q3 and Q4 2026 estimates to $1.47 and $1.49, respectively. Estimates for FY2027 also rose to $5.11 from $5.03, while FY2028 increased to $6.57 from $6.51.
• Positive Sentiment: Additional quarterly upgrades included Q1 2027 EPS to $1.31, Q2 2027 to $1.26, Q3 2027 to $1.25, Q4 2027 to $1.29, and Q1 2028 to $1.45. Zacks also raised its Q2 2028 estimate to $1.99 from $1.97.
• Neutral Sentiment: Despite the higher forecasts, Zacks Research maintained a “Hold” rating. The revisions are constructive but relatively small and do not represent a broad bullish change in analyst sentiment. The current-year consensus EPS estimate remains $7.30.
• Neutral Sentiment: Stifel Nicolaus issued a new rating on Ovintiv, but the available report does not specify the firm’s rating or price target. Ovintiv Receives a New Rating from Stifel Nicolaus

About Ovintiv

Ovintiv Inc is an independent North American energy company engaged primarily in the exploration, development, production and acquisition of oil, condensate, natural gas liquids and natural gas. Its portfolio is focused on unconventional, or shale, resource plays, with operations designed to produce a mix of higher-value liquids and natural gas.

The company's principal assets are located in the United States and Canada. Its U.S. operations include positions in the Permian Basin of west Texas and New Mexico, the Uinta Basin of Utah and the Anadarko Basin of Oklahoma, while its Canadian operations include properties in Alberta's Montney and Duvernay formations.

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