FY2026 EPS Estimates for Ovintiv Raised by Zacks Research

Key Points

• Zacks Research raised Ovintiv’s FY2026 EPS estimate to $6.70 from $6.66, though it maintained a “Hold” rating; the estimate remains below the broader consensus of $7.30.
• Ovintiv reported quarterly EPS of $1.74, missing the $1.94 consensus estimate, while revenue of $3.01 billion exceeded expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $68.20.
• The company declared a quarterly dividend of $0.30 per share, equivalent to a $1.20 annualized payout and a 1.9% yield; institutional investors own 83.81% of the stock.

Ovintiv Inc. (NYSE:OVV - Free Report) - Zacks Research boosted their FY2026 earnings per share estimates for shares of Ovintiv in a report released on Wednesday, September 9th. Zacks Research analyst Team now anticipates that the company will earn $6.70 per share for the year, up from their previous estimate of $6.66. Zacks Research currently 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 Q1 2027 earnings at $1.31 EPS and Q2 2028 earnings at $1.99 EPS.

A number of other research firms also recently commented on OVV. Weiss Ratings upgraded Ovintiv from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. Stephens reaffirmed a "positive" rating and set a $69.00 target price on shares of Ovintiv in a report on Friday, July 24th. National Bank Financial increased their target price on Ovintiv from $82.00 to $83.00 and gave the stock an "outperform" rating in a report on Wednesday, July 8th. UBS Group boosted their price target on Ovintiv from $71.00 to $74.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Finally, Wells Fargo & Company upped their price target on Ovintiv from $78.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ovintiv currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.20.

Ovintiv Price Performance

Shares of OVV stock opened at $64.43 on Thursday. The firm has a fifty day moving average of $61.24 and a two-hundred day moving average of $57.98. The firm has a market cap of $17.75 billion, a P/E ratio of 18.20 and a beta of 0.53. Ovintiv has a 1-year low of $35.47 and a 1-year high of $67.51. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 1.01.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Ovintiv during the second quarter worth about $1,422,959,000. California State Teachers Retirement System grew its stake in shares of Ovintiv by 5,195.6% in the second quarter. California State Teachers Retirement System now owns 17,347,859 shares of the company's stock worth $913,365,000 after purchasing an additional 17,020,269 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ovintiv by 17.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,059,334 shares of the company's stock valued at $433,418,000 after purchasing an additional 1,669,469 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Ovintiv by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,890,315 shares of the company's stock valued at $387,601,000 after purchasing an additional 203,256 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Ovintiv by 16.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 7,880,705 shares of the company's stock valued at $467,874,000 after purchasing an additional 1,137,162 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ovintiv

In related news, EVP Rachel Moore sold 7,753 shares of the firm'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 sale, the executive vice president owned 72,530 shares of the company's stock, valued at approximately $4,592,599.60. This trade represents a 9.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.85% of the company's stock.

Ovintiv Announces Dividend

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

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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