FY2026 EPS Estimates for Ovintiv Increased by Zacks Research

Key Points

• Zacks Research raised Ovintiv’s FY2026 EPS estimate to $6.73 from $6.71 and increased several 2027–2028 quarterly forecasts, while maintaining a “Hold” rating. The revised FY2026 estimate remains below the broader consensus of $7.29 per share.
• Analyst sentiment is generally positive, with Ovintiv receiving a “Moderate Buy” consensus rating and an average price target of $70.09. The stock recently opened at $65.03, near its 12-month high of $67.51.
• Ovintiv pays a quarterly dividend of $0.30 per share, or $1.20 annually, representing a 1.8% yield. Strong oil production and free cash flow support the outlook, although weak natural-gas prices and midstream headwinds remain risks.

Ovintiv Inc. (NYSE:OVV - Free Report) - Research analysts at Zacks Research boosted their FY2026 earnings estimates for Ovintiv in a research report issued on Monday, October 12th. Zacks Research analyst Team now expects that the company will post earnings per share of $6.73 for the year, up from their previous estimate of $6.71. Zacks Research currently 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 topic of several other research reports. Roth Capital boosted their price target on shares of Ovintiv from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, June 24th. Stephens reaffirmed a "positive" rating and issued a $69.00 target price on shares of Ovintiv in a report on Friday, July 24th. Weiss Ratings upgraded shares of Ovintiv from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 2nd. Seaport Research Partners initiated coverage on shares of Ovintiv in a report on Thursday, September 3rd. They set a "neutral" rating for the company. Finally, Morgan Stanley set a $67.00 price target on shares of Ovintiv in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Ovintiv has an average rating of "Moderate Buy" and a consensus target price of $70.09.

Ovintiv Stock Up 1.8%

OVV stock opened at $65.03 on Tuesday. Ovintiv has a twelve month low of $35.47 and a twelve month high of $67.51. The company has a market cap of $17.92 billion, a PE ratio of 18.37 and a beta of 0.65. The business's 50-day simple moving average is $62.98 and its 200 day simple moving average is $59.32. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.32.

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

Institutional Trading of Ovintiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in OVV. Integrated Wealth Concepts LLC raised its position in shares of Ovintiv by 5.0% during the second quarter. Integrated Wealth Concepts LLC now owns 5,460 shares of the company's stock worth $287,000 after purchasing an additional 260 shares during the period. CX Institutional raised its holdings in shares of Ovintiv by 1.0% during the second quarter. CX Institutional now owns 28,363 shares of the company's stock worth $1,493,000 after acquiring an additional 276 shares during the period. Root Financial Partners LLC lifted its position in Ovintiv by 43.2% in the 1st quarter. Root Financial Partners LLC now owns 918 shares of the company's stock valued at $54,000 after acquiring an additional 277 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in Ovintiv by 2.6% in the 1st quarter. Sanctuary Advisors LLC now owns 13,020 shares of the company's stock worth $773,000 after purchasing an additional 324 shares during the period. Finally, Arizona State Retirement System increased its holdings in Ovintiv by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 78,181 shares of the company's stock worth $4,116,000 after purchasing an additional 358 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Rachel Moore sold 7,753 shares of the firm's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $63.32, for a total value of $490,919.96. Following the transaction, the executive vice president owned 72,530 shares in the company, valued at $4,592,599.60. This trade represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.85% of the stock is owned by company insiders.

Ovintiv Dividend Announcement

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

Key Stories Impacting Ovintiv

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.

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