What is Zacks Research's Forecast for Ovintiv Q4 Earnings?

Ovintiv Inc. (NYSE:OVV - Free Report) - Investment analysts at Zacks Research reduced their Q4 2026 EPS estimates for shares of Ovintiv in a note issued to investors on Thursday, April 24th. Zacks Research analyst R. Department now expects that the company will post earnings of $1.77 per share for the quarter, down from their previous estimate of $1.83. The consensus estimate for Ovintiv's current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv's FY2027 earnings at $5.27 EPS.

Several other equities analysts have also recently commented on OVV. Morgan Stanley restated an "overweight" rating and set a $50.00 price target on shares of Ovintiv in a report on Tuesday, April 15th. National Bankshares lifted their price objective on shares of Ovintiv from $51.00 to $56.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. BMO Capital Markets raised shares of Ovintiv from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $55.00 to $57.00 in a research note on Monday, March 24th. Williams Trading set a $58.00 price objective on shares of Ovintiv in a research note on Wednesday, March 5th. Finally, Scotiabank raised shares of Ovintiv to a "strong-buy" rating in a research note on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $55.76.

Ovintiv Trading Up 2.8 %

NYSE OVV traded up $0.95 on Monday, hitting $34.53. 1,219,350 shares of the stock were exchanged, compared to its average volume of 3,183,187. Ovintiv has a 52-week low of $29.80 and a 52-week high of $52.90. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 4.55 and a beta of 2.04. The company's 50-day moving average price is $38.00 and its two-hundred day moving average price is $40.91.

Hedge Funds Weigh In On Ovintiv

Several hedge funds and other institutional investors have recently modified their holdings of OVV. Colonial Trust Co SC bought a new position in shares of Ovintiv during the 4th quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB raised its position in Ovintiv by 100.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 717 shares of the company's stock valued at $29,000 after purchasing an additional 360 shares during the last quarter. Smartleaf Asset Management LLC raised its position in 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 purchasing an additional 335 shares during the last quarter. Mizuho Bank Ltd. bought a new position in Ovintiv in the 4th quarter valued at $40,000. Finally, Optiver Holding B.V. bought a new position in Ovintiv in the 4th quarter valued at $40,000. Institutional investors own 83.81% of the company's stock.

Ovintiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.30 per share. The ex-dividend date was Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.48%. Ovintiv's dividend payout ratio (DPR) is presently 28.57%.

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.