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

Key Points

• Zacks Research cut its Q1 2028 EPS estimate for Ovintiv to $1.67 from $1.87 and rates the stock a Hold, while the consensus full-year EPS estimate is $5.59.
• Several major brokerages (Bank of America, UBS, Scotiabank, Mizuho) have raised price targets and maintained Buy/Outperform calls, leaving the street average at a Moderate Buy with an average price target of $59.16.
• Ovintiv recently beat quarterly estimates with $1.39 EPS, pays a $0.30 quarterly dividend (annualized $1.20, ~2.1% yield), and shows heavy institutional ownership (~83.8%) amid some insider selling.

Ovintiv Inc. (NYSE:OVV - Free Report) - Equities researchers at Zacks Research cut their Q1 2028 earnings per share (EPS) estimates for shares of Ovintiv in a report issued on Wednesday, April 1st. Zacks Research analyst Team now anticipates that the company will post earnings of $1.67 per share for the quarter, down from their previous forecast of $1.87. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Ovintiv's current full-year earnings is $5.59 per share.

Several other brokerages have also weighed in on OVV. Bank of America lifted their price objective on Ovintiv from $63.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday. UBS Group lifted their price target on shares of Ovintiv from $61.00 to $69.00 and gave the stock a "buy" rating in a research note on Thursday, March 5th. Scotiabank increased their price objective on shares of Ovintiv from $58.00 to $65.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 19th. Royal Bank Of Canada restated an "outperform" rating and set a $55.00 price target on shares of Ovintiv in a research note on Thursday, February 19th. Finally, Mizuho increased their target price on Ovintiv from $55.00 to $68.00 and gave the stock an "outperform" rating in a report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $59.16.

Ovintiv Stock Performance

NYSE:OVV opened at $57.39 on Thursday. The firm's 50-day moving average is $50.74 and its 200-day moving average is $43.26. The company has a market cap of $16.26 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 2.13 and a beta of 0.69. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54. Ovintiv has a 52-week low of $29.80 and a 52-week high of $62.60.

Ovintiv (NYSE:OVV - Get Free Report) last posted its quarterly earnings data on Monday, February 23rd. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.41. Ovintiv had a return on equity of 12.00% and a net margin of 13.94%.The company had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.89 billion. During the same period in the prior year, the business earned ($0.23) earnings per share.

Ovintiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, March 13th. Ovintiv's payout ratio is presently 24.79%.

Insider Buying and Selling

In related news, EVP Meghan Nicole Eilers sold 11,582 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $54.78, for a total transaction of $634,461.96. Following the sale, the executive vice president directly owned 54,092 shares in the company, valued at $2,963,159.76. This represents a 17.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Howard John Mayson sold 5,000 shares of the firm's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $52.39, for a total value of $261,950.00. Following the sale, the director directly owned 45,780 shares of the company's stock, valued at $2,398,414.20. This represents a 9.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of Ovintiv

A number of hedge funds and other institutional investors have recently made changes to their positions in OVV. McIlrath & Eck LLC acquired a new position in Ovintiv during the 3rd quarter worth about $31,000. Foster Dykema Cabot & Partners LLC acquired a new stake in Ovintiv in the 3rd quarter valued at about $36,000. HM Payson & Co. bought a new stake in shares of Ovintiv during the third quarter valued at approximately $36,000. Quent Capital LLC acquired a new stake in shares of Ovintiv in the third quarter valued at approximately $37,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Ovintiv in the fourth quarter valued at approximately $38,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Ovintiv Company Profile

Ovintiv Inc is a North American energy company focused on the exploration, development and production of oil, natural gas and natural gas liquids. Formerly known as Encana Corporation, the company rebranded as Ovintiv in January 2020 and established its headquarters in Denver, Colorado. Ovintiv's upstream portfolio spans multiple unconventional resource plays, reflecting a strategy centered on high-return projects and disciplined capital allocation.

The company's core business activities include the acquisition and development of acreage in major shale basins across the United States and Canada.

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