Zacks Research Forecasts Ovintiv's Q1 Earnings (NYSE:OVV)

Key Points

• Zacks Research has revised Ovintiv's Q1 2026 earnings per share estimate down to $1.07, from $1.21, maintaining a "Strong Sell" rating on the stock.
• Ovintiv recently reported a Q2 earnings miss with an EPS of $1.02, falling short of the $1.04 consensus, alongside a revenue of $1.79 billion compared to estimates of $1.92 billion.
• The company declared a quarterly dividend of $0.30 per share, representing a dividend yield of 3.0% and a payout ratio of 53.10%.

Ovintiv Inc. (NYSE:OVV - Free Report) - Analysts at Zacks Research cut their Q1 2026 earnings per share estimates for Ovintiv in a note issued to investors on Monday, September 29th. Zacks Research analyst Team now anticipates that the company will post earnings of $1.07 per share for the quarter, down from their previous estimate of $1.21. Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for Ovintiv's current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv's Q2 2026 earnings at $0.95 EPS, Q3 2026 earnings at $1.02 EPS, Q4 2026 earnings at $1.24 EPS, FY2026 earnings at $4.29 EPS, Q1 2027 earnings at $1.19 EPS, Q2 2027 earnings at $1.13 EPS and FY2027 earnings at $4.99 EPS.

Ovintiv (NYSE:OVV - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.02). The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.92 billion. Ovintiv had a return on equity of 14.24% and a net margin of 6.46%.

Several other equities research analysts have also recently weighed in on the stock. UBS Group upped their price objective on shares of Ovintiv from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Wells Fargo & Company cut their price target on shares of Ovintiv from $46.00 to $41.00 and set an "equal weight" rating for the company in a report on Monday, June 16th. Mizuho reduced their price target on shares of Ovintiv from $58.00 to $50.00 and set an "outperform" rating on the stock in a research report on Monday, September 15th. Royal Bank Of Canada restated a "sector perform" rating and set a $55.00 price objective on shares of Ovintiv in a research report on Friday, September 26th. Finally, TD Cowen upgraded Ovintiv to a "strong-buy" rating in a research note on Monday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.60.

Ovintiv Stock Down 0.5%

Shares of NYSE OVV opened at $40.42 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.43 and a current ratio of 0.43. Ovintiv has a 52 week low of $29.80 and a 52 week high of $47.18. The stock has a market capitalization of $10.39 billion, a P/E ratio of 17.89, a PEG ratio of 5.25 and a beta of 1.08. The stock's fifty day moving average is $41.00 and its 200 day moving average is $38.98.

Ovintiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.0%. Ovintiv's dividend payout ratio (DPR) is 53.10%.

Hedge Funds Weigh In On Ovintiv

A number of institutional investors and hedge funds have recently bought and sold shares of OVV. Concurrent Investment Advisors LLC grew its stake in Ovintiv by 5.6% during the first quarter. Concurrent Investment Advisors LLC now owns 5,582 shares of the company's stock worth $239,000 after purchasing an additional 297 shares during the period. Smartleaf Asset Management LLC lifted its stake in Ovintiv by 43.4% in the first quarter. Smartleaf Asset Management LLC now owns 1,154 shares of the company's stock valued at $49,000 after buying an additional 349 shares during the period. UMB Bank n.a. boosted its holdings in shares of Ovintiv by 16.9% during the 1st quarter. UMB Bank n.a. now owns 2,890 shares of the company's stock worth $124,000 after buying an additional 417 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Ovintiv by 0.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 69,212 shares of the company's stock worth $2,962,000 after buying an additional 420 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Ovintiv by 3.8% during the 2nd quarter. ProShare Advisors LLC now owns 11,518 shares of the company's stock worth $438,000 after buying an additional 427 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

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.

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