What is Zacks Research's Estimate for Ovintiv Q1 Earnings?

Key Points

• Zacks Research lowered Ovintiv’s Q1 2028 EPS estimate to $2.05 from $2.10, while forecasting Q3 2028 EPS of $2.18 and FY2028 EPS of $9.33.
• Despite the longer-term estimate cuts, Ovintiv retains a “Strong Buy” consensus rating from analysts, with a consensus price target of C$75.00.
• Ovintiv shares rose 4.0% to open at C$94.82, and the company maintains a quarterly dividend of C$0.30, equivalent to a 1.3% annual yield.

Ovintiv Inc. (TSE:OVV - Free Report) - Zacks Research lowered their Q1 2028 earnings per share estimates for shares of Ovintiv in a research report issued on Monday, October 12th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $2.05 for the quarter, down from their previous estimate of $2.10. The consensus estimate for Ovintiv's current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv's Q3 2028 earnings at $2.18 EPS and FY2028 earnings at $9.33 EPS.

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

Ovintiv Stock Up 4.0%

Shares of Ovintiv stock opened at C$94.82 on Wednesday. Ovintiv has a one year low of C$50.13 and a one year high of C$94.88. 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's 50-day moving average is C$88.23 and its 200 day moving average is C$82.77. The firm has a market cap of C$26.23 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 0.05 and a beta of 0.53.

Ovintiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.20 annualized dividend and a yield of 1.3%. Ovintiv's dividend payout ratio (DPR) is presently 33.52%.

Ovintiv News Roundup

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks raised its FY2026 EPS forecast to $9.60 from $9.53 and its Q4 2026 estimate to $2.17 from $2.12, signaling improved expectations for near-term profitability. Ovintiv analyst estimates
• Positive Sentiment: The research firm lifted its FY2027 EPS forecast to $7.84 from $7.44. Quarterly estimates also increased for Q1 2027, Q2 2027, Q3 2027 and Q4 2027, with the largest increases taking Q3 EPS to $1.93 from $1.80 and Q4 EPS to $1.99 from $1.86. These revisions provide the strongest bullish signal in the reports. Ovintiv analyst estimates
• Positive Sentiment: Zacks also raised its Q2 2028 EPS forecast to $3.00 from $2.85, suggesting expectations for a particularly strong quarter despite other 2028 reductions. Ovintiv analyst estimates
• Negative Sentiment: Later-period expectations were trimmed: Q1 2028 EPS fell to $2.05 from $2.10, Q3 2028 EPS to $2.18 from $2.19, and FY2028 EPS to $9.33 from $9.47. These cuts could limit enthusiasm about Ovintiv’s longer-term earnings trajectory. Ovintiv analyst estimates

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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