Ovintiv Stock Gets Stronger EPS Forecast from Zacks Research

Key Points

• Zacks Research raised its FY2026 EPS forecast for Ovintiv to $9.60 from $9.53, while also projecting $7.84 in FY2027 EPS.
• Analyst sentiment remains strongly positive: seven analysts rate Ovintiv a Strong Buy, one rates it Buy and one Hold, with a consensus price target of C$75.00.
• Ovintiv shares opened at C$91.16 and have traded between C$50.13 and C$93.78 over the past year; the company also pays a quarterly dividend of $0.30, equivalent to a 1.3% annual yield.

Ovintiv Inc. (TSE:OVV - Free Report) - Stock analysts at Zacks Research upped their FY2026 earnings per share estimates for Ovintiv in a report released on Monday, October 12th. Zacks Research analyst Team now forecasts that the company will post earnings of $9.60 per share for the year, up from their prior estimate of $9.53. 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 $2.17 EPS, Q1 2027 earnings at $2.02 EPS, Q2 2027 earnings at $1.90 EPS, Q3 2027 earnings at $1.93 EPS, Q4 2027 earnings at $1.99 EPS, FY2027 earnings at $7.84 EPS and Q2 2028 earnings at $3.00 EPS.

A number of other brokerages have also issued reports on OVV. Wells Fargo & Company upgraded shares of Ovintiv to a "strong-buy" rating in a research note on Wednesday, September 2nd. Texas Capital raised shares of Ovintiv to a "strong-buy" rating in a research note on Thursday, June 25th. Finally, Seaport Research Partners raised shares of Ovintiv to a "hold" rating in a research note on Wednesday, September 2nd. Seven equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued 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$91.16 on Tuesday. The company has a market cap of C$25.21 billion, a P/E ratio of 25.46, a P/E/G ratio of 0.05 and a beta of 0.53. The company has a debt-to-equity ratio of 43.73, a current ratio of 1.01 and a quick ratio of 0.51. The stock has a 50-day moving average of C$88.05 and a two-hundred day moving average of C$82.69. Ovintiv has a 1-year low of C$50.13 and a 1-year high of C$93.78.

Ovintiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were paid a $0.30 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.3%. Ovintiv's payout ratio 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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