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

Key Points

• Zacks Research lowered its Q3 2026 EPS estimate for Ovintiv to $2.02 from $2.09. Its full-year 2026 estimate is $9.27 per share.
• Analyst sentiment remains strongly positive: Ovintiv has an average “Strong Buy” rating and a consensus price target of C$75.00.
• Ovintiv shares opened at C$87.42, up 0.7%, while the company’s quarterly dividend is annualized at C$1.20 per share for a 1.4% yield.

Ovintiv Inc. (TSE:OVV - Free Report) - Zacks Research reduced their Q3 2026 EPS estimates for shares of Ovintiv in a note issued to investors on Thursday, August 13th. Zacks Research analyst Team now expects that the company will earn $2.02 per share for the quarter, down from their prior estimate of $2.09. The consensus estimate for Ovintiv's current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv's FY2026 earnings at $9.27 EPS, Q2 2027 earnings at $1.73 EPS, Q3 2027 earnings at $1.72 EPS, Q4 2027 earnings at $1.76 EPS, FY2027 earnings at $7.00 EPS, Q1 2028 earnings at $2.00 EPS and FY2028 earnings at $9.06 EPS.

OVV has been the subject of a number of other reports. Citigroup upgraded shares of Ovintiv from a "hold" rating to a "strong-buy" rating and set a C$70.00 price target for the company in a research note on Wednesday, May 20th. Texas Capital upgraded shares of Ovintiv to a "strong-buy" rating in a report on Thursday, June 25th. Finally, Wells Fargo & Company raised shares of Ovintiv from a "hold" rating to a "strong-buy" rating and set a C$80.00 target price for the company in a research report on Monday, June 22nd. Seven 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 MarketBeat.com, Ovintiv currently has an average rating of "Strong Buy" and a consensus price target of C$75.00.

Ovintiv Stock Up 0.7%

OVV opened at C$87.42 on Monday. The company has a current ratio of 1.01, a quick ratio of 0.51 and a debt-to-equity ratio of 43.73. The stock has a market cap of C$24.18 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 0.05 and a beta of 0.36. The stock's fifty day simple moving average is C$80.68 and its 200 day simple moving average is C$76.86. Ovintiv has a 1-year low of C$50.13 and a 1-year high of C$90.93.

Ovintiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 15th. Ovintiv's dividend payout ratio (DPR) is presently 33.52%.

About Ovintiv

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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