Ovintiv Stock Earnings Estimates Increased by Zacks Research

Key Points

• Zacks Research raised Ovintiv’s Q3 2026 EPS estimate to $2.09 from $2.03. It forecasts full-year 2027 earnings of $7.44 per share and full-year 2028 earnings of $9.47 per share.
• Analyst sentiment remains strongly positive: seven analysts rate Ovintiv a Strong Buy, one rates it Buy and two rate it Hold, with an average price target of C$75.00.
• Ovintiv shares opened at C$82.27, down 1.4%, while the company maintained its quarterly dividend at $0.30 per share, equivalent to a 1.5% annualized yield.

Ovintiv Inc. (TSE:OVV - Free Report) - Investment analysts at Zacks Research increased their Q3 2026 earnings per share estimates for Ovintiv in a report issued on Wednesday, September 30th. Zacks Research analyst Team now forecasts that the company will earn $2.09 per share for the quarter, up from their previous estimate of $2.03. The consensus estimate for Ovintiv's current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv's Q4 2026 earnings at $2.12 EPS, Q1 2027 earnings at $1.96 EPS, Q3 2027 earnings at $1.80 EPS, Q4 2027 earnings at $1.86 EPS, FY2027 earnings at $7.44 EPS and FY2028 earnings at $9.47 EPS.

Several other research firms have also recently weighed in on OVV. Texas Capital upgraded shares of Ovintiv to a "strong-buy" rating in a research report on Thursday, June 25th. Seaport Research Partners upgraded shares of Ovintiv to a "hold" rating in a research report on Wednesday, September 2nd. Finally, Wells Fargo & Company raised shares of Ovintiv to a "strong-buy" rating in a report on Wednesday, September 2nd. Seven investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Strong Buy" and an average price target of C$75.00.

Ovintiv Stock Down 1.4%

Shares of TSE OVV opened at C$82.27 on Thursday. The firm's 50-day simple moving average is C$87.76 and its 200 day simple moving average is C$82.08. The company has a market cap of C$22.76 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 0.05 and a beta of 0.37. The company has a quick ratio of 0.51, a current ratio of 1.01 and a debt-to-equity ratio of 43.73. Ovintiv has a 12-month low of C$50.13 and a 12-month high of C$93.78.

Ovintiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were issued a $0.30 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.20 annualized dividend and a yield of 1.5%. Ovintiv's dividend payout ratio (DPR) is currently 33.52%.

Ovintiv Company Profile

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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