Q1 2026 EPS Estimates for Ovintiv Inc. Decreased by Zacks Research (NYSE:OVV)

Ovintiv Inc. (NYSE:OVV - Free Report) - Equities research analysts at Zacks Research lowered their Q1 2026 earnings per share estimates for Ovintiv in a research note issued to investors on Tuesday, April 2nd. Zacks Research analyst R. Department now anticipates that the company will earn $1.58 per share for the quarter, down from their prior forecast of $1.74. The consensus estimate for Ovintiv's current full-year earnings is $5.79 per share. Zacks Research also issued estimates for Ovintiv's FY2026 earnings at $8.49 EPS.

Ovintiv (NYSE:OVV - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.41. Ovintiv had a return on equity of 19.50% and a net margin of 19.16%. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $2.75 billion.

A number of other equities research analysts also recently weighed in on OVV. Wells Fargo & Company cut their price target on Ovintiv from $46.00 to $44.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 17th. JPMorgan Chase & Co. raised shares of Ovintiv from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $61.00 to $58.00 in a research report on Wednesday, December 6th. National Bankshares reduced their price target on Ovintiv from $69.00 to $53.00 and set an "outperform" rating for the company in a research report on Wednesday, January 10th. Mizuho decreased their price target on Ovintiv from $59.00 to $58.00 and set a "buy" rating for the company in a research note on Friday, March 22nd. Finally, Royal Bank of Canada raised their price objective on Ovintiv from $48.00 to $49.00 and gave the company a "sector perform" rating in a research note on Thursday, February 29th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.94.

Ovintiv Stock Up 3.1 %

Ovintiv stock traded up $1.61 during trading hours on Wednesday, hitting $54.12. The company had a trading volume of 2,910,846 shares, compared to its average volume of 3,248,652. Ovintiv has a fifty-two week low of $32.07 and a fifty-two week high of $54.12. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $14.55 billion, a P/E ratio of 6.86 and a beta of 2.65. The firm's fifty day moving average is $47.01 and its 200-day moving average is $45.76.

Institutional Trading of Ovintiv

Several hedge funds have recently modified their holdings of OVV. Quent Capital LLC grew its position in Ovintiv by 151.3% during the 4th quarter. Quent Capital LLC now owns 583 shares of the company's stock worth $26,000 after acquiring an additional 351 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Ovintiv by 107.6% in the third quarter. Loomis Sayles & Co. L P now owns 658 shares of the company's stock valued at $31,000 after buying an additional 341 shares in the last quarter. Avalon Trust Co bought a new position in shares of Ovintiv in the fourth quarter valued at about $34,000. Penserra Capital Management LLC acquired a new position in Ovintiv during the 3rd quarter worth about $36,000. Finally, Quantbot Technologies LP acquired a new position in Ovintiv during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Activity at Ovintiv

In other news, Director Howard John Mayson sold 6,000 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $50.56, for a total transaction of $303,360.00. Following the sale, the director now directly owns 36,840 shares in the company, valued at $1,862,630.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Ovintiv news, EVP Rachel Maureen Moore sold 9,300 shares of Ovintiv stock in a transaction on Friday, March 1st. The stock was sold at an average price of $50.65, for a total transaction of $471,045.00. Following the completion of the transaction, the executive vice president now directly owns 52,557 shares of the company's stock, valued at $2,662,012.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Howard John Mayson sold 6,000 shares of Ovintiv stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $50.56, for a total transaction of $303,360.00. Following the transaction, the director now directly owns 36,840 shares of the company's stock, valued at $1,862,630.40. The disclosure for this sale can be found here. Insiders have sold 91,564 shares of company stock worth $4,660,818 over the last three months. Company insiders own 0.97% of the company's stock.

Ovintiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Thursday, March 14th. Ovintiv's dividend payout ratio (DPR) is presently 15.21%.

Ovintiv Company Profile

Ovintiv Inc, together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.