Q3 Earnings Estimate for Ovintiv Issued By Zacks Research

Ovintiv Inc. (NYSE:OVV - Free Report) - Investment analysts at Zacks Research cut their Q3 2025 EPS estimates for Ovintiv in a report issued on Tuesday, May 27th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $1.27 for the quarter, down from their prior estimate of $1.31. The consensus estimate for Ovintiv's current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv's FY2025 earnings at $5.06 EPS, Q1 2026 earnings at $1.18 EPS, Q3 2026 earnings at $1.15 EPS, Q4 2026 earnings at $1.39 EPS, FY2026 earnings at $4.80 EPS, Q1 2027 earnings at $1.31 EPS and FY2027 earnings at $5.61 EPS.

Ovintiv (NYSE:OVV - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.22. The company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.23 billion. Ovintiv had a net margin of 20.15% and a return on equity of 17.87%.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company lifted their price objective on shares of Ovintiv from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. BMO Capital Markets upgraded shares of Ovintiv from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $55.00 to $57.00 in a research note on Monday, March 24th. Morgan Stanley reiterated an "overweight" rating and set a $50.00 price objective on shares of Ovintiv in a research note on Tuesday, April 15th. Mizuho reduced their target price on shares of Ovintiv from $60.00 to $58.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Finally, Barclays reduced their target price on shares of Ovintiv from $59.00 to $53.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $55.65.

Ovintiv Stock Down 2.0%

OVV traded down $0.73 during trading on Friday, hitting $35.80. The stock had a trading volume of 24,051,027 shares, compared to its average volume of 3,341,772. The company has a market capitalization of $9.30 billion, a PE ratio of 4.75 and a beta of 1.14. Ovintiv has a twelve month low of $29.80 and a twelve month high of $51.59. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a 50 day simple moving average of $35.99 and a two-hundred day simple moving average of $40.25.

Ovintiv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.30 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.35%. Ovintiv's payout ratio is 51.06%.

Hedge Funds Weigh In On Ovintiv

Large investors have recently made changes to their positions in the stock. Colonial Trust Co SC purchased a new stake in Ovintiv during the 4th quarter worth approximately $28,000. Smartleaf Asset Management LLC boosted its holdings in shares of Ovintiv by 71.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 805 shares of the company's stock valued at $32,000 after buying an additional 335 shares in the last quarter. Harbour Investments Inc. boosted its stake in Ovintiv by 143.8% during the 1st quarter. Harbour Investments Inc. now owns 919 shares of the company's stock worth $39,000 after purchasing an additional 542 shares during the period. Mizuho Bank Ltd. acquired a new stake in Ovintiv during the 4th quarter worth $40,000. Finally, Optiver Holding B.V. acquired a new stake in Ovintiv during the 4th quarter worth $40,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

About Ovintiv

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.