What is Zacks Research's Forecast for Ovintiv Q3 Earnings?

Key Points

• Zacks Research raised its Q3 2026 EPS forecast for Ovintiv to $2.03 from $2.02, while projecting $2.06 for Q4 2026 and $9.24 for full-year 2026.
• Analyst sentiment remains favorable: Ovintiv has an average “Strong Buy” rating and a consensus price target of C$75.00, based on seven Strong Buy, one Buy and two Hold ratings.
• Ovintiv announced a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 1.4% yield; shares opened at C$88.62, near their 52-week high of C$93.43.

Ovintiv Inc. (TSE:OVV - Free Report) - Investment analysts at Zacks Research upped their Q3 2026 EPS estimates for Ovintiv in a research report issued to clients and investors on Wednesday, September 9th. Zacks Research analyst Team now forecasts that the company will earn $2.03 per share for the quarter, up from their previous forecast of $2.02. 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 $2.06 EPS, FY2026 earnings at $9.24 EPS, Q3 2027 earnings at $1.73 EPS, Q4 2027 earnings at $1.78 EPS, FY2027 earnings at $7.04 EPS, Q2 2028 earnings at $2.74 EPS and FY2028 earnings at $9.07 EPS.

A number of other equities research analysts have also recently commented on OVV. Seaport Research Partners upgraded Ovintiv to a "hold" rating in a report on Wednesday, September 2nd. Citigroup raised Ovintiv from a "hold" rating to a "strong-buy" rating and set a C$70.00 price target for the company in a report on Wednesday, May 20th. Texas Capital upgraded Ovintiv to a "strong-buy" rating in a research report on Thursday, June 25th. Finally, Wells Fargo & Company raised 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 stock. According to data from MarketBeat, the stock has an average rating of "Strong Buy" and a consensus price target of C$75.00.

Ovintiv Trading Down 0.4%

Shares of Ovintiv stock opened at C$88.62 on Friday. The company has a debt-to-equity ratio of 43.73, a current ratio of 1.01 and a quick ratio of 0.51. Ovintiv has a 1 year low of C$50.13 and a 1 year high of C$93.43. The company has a market capitalization of C$24.51 billion, a P/E ratio of 24.75, a P/E/G ratio of 0.05 and a beta of 0.37. The business has a 50 day moving average price of C$85.88 and a 200 day moving average price of C$80.56.

Ovintiv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. Ovintiv's dividend payout ratio (DPR) is 33.52%.

Trending Headlines about Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks raised its EPS forecasts for Q3 2026 to $2.03 from $2.02, Q4 2026 to $2.06 from $2.04, Q3 2027 to $1.73 from $1.72, FY2027 to $7.04 from $7.00, and FY2028 to $9.07 from $9.06. These upward revisions modestly improve the longer-term earnings outlook. Ovintiv earnings estimates
• Neutral Sentiment: The changes were generally only $0.01 to $0.04 per share, indicating limited shifts in the analysts’ underlying view rather than a major change in Ovintiv’s outlook. Zacks’ listed FY2026 and FY2027 forecasts are $9.24 and $7.04 per share, respectively, compared with the current-year consensus estimate of $5.66. Ovintiv analyst estimates
• Negative Sentiment: Zacks trimmed its FY2026 EPS forecast to $9.24 from $9.27 and its Q2 2028 forecast to $2.74 from $2.75. The lower 2026 estimate could weigh on sentiment, although the reductions are too small to signal a material deterioration in expected performance. Ovintiv forecast revisions

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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