Ovintiv Stock Gets Higher EPS Forecast from Zacks Research

Key Points

• Zacks Research raised Ovintiv’s FY2026 EPS forecast to $9.53 from $9.24, while also increasing several longer-term earnings estimates through 2028.
• Analyst sentiment remains strongly bullish: seven analysts rate Ovintiv a Strong Buy, one rates it Buy, and two rate it Hold, with a consensus price target of C$75.00.
• Ovintiv shares opened at C$85.29 and remain near their 12-month high; the company also pays a quarterly dividend of C$0.30, equivalent to a 1.4% annual yield.

Ovintiv Inc. (TSE:OVV - Free Report) - Zacks Research boosted their FY2026 earnings estimates for shares of Ovintiv in a report released on Wednesday, September 30th. Zacks Research analyst Team now expects that the company will earn $9.53 per share for the year, up from their prior estimate of $9.24. The consensus estimate for Ovintiv's current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv's Q2 2027 earnings at $1.80 EPS, Q1 2028 earnings at $2.10 EPS, Q2 2028 earnings at $2.85 EPS and Q3 2028 earnings at $2.19 EPS.

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

Ovintiv Stock Performance

TSE OVV opened at C$85.29 on Friday. The company has a 50-day simple moving average of C$87.74 and a two-hundred day simple moving average of C$82.15. Ovintiv has a 12-month low of C$50.13 and a 12-month high of C$93.78. The firm has a market cap of C$23.59 billion, a price-to-earnings ratio of 23.82, a PEG 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, September 15th. Ovintiv's dividend payout ratio (DPR) is currently 33.52%.

Key Headlines Impacting Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks increased its Q3 2026 EPS forecast to $2.09 from $2.03 and its Q4 2026 estimate to $2.12 from $2.06. The firm also raised its FY2026 forecast to $9.53 per share from $9.24. Zacks Research Has Bullish Estimate for Ovintiv Q3 Earnings
• Positive Sentiment: Longer-term estimates were also lifted: FY2027 EPS rose to $7.44 from $7.04, FY2028 EPS increased to $9.47 from $9.07, and forecasts for Q1 2027, Q2 2027, Q3 2027 and Q4 2027 were raised. This broad-based improvement indicates stronger expected profitability rather than a one-quarter adjustment.
• Positive Sentiment: For 2028, Zacks raised its EPS forecasts to $2.10 for Q1, $2.85 for Q2 and $2.19 for Q3. The repeated upward revisions may reinforce the bullish view among investors. Ovintiv Inc. Stock Now Rated Strong Buy by Wall Street Analysts
• Neutral Sentiment: OVV’s shares remain relatively close to their 52-week high and above the 200-day moving average, although they are below the 50-day moving average. This mixed technical positioning could limit or moderate the immediate reaction to the favorable analyst revisions.

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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