Zacks Research Has Bearish Forecast for Ovintiv Q4 Earnings

Key Points

• Zacks Research lowered its Q4 2026 EPS forecast for Ovintiv to $2.04 from $2.21, while full-year consensus earnings remain at $5.66 per share.
• Despite the earnings-estimate cut, analyst sentiment is strongly positive: seven analysts rate Ovintiv a Strong Buy, with a consensus target price of C$75.00.
• Ovintiv shares opened at C$86.83 after declining 1.6%; the company also maintains a quarterly dividend of $0.30 per share, equating to a 1.4% yield.

Ovintiv Inc. (TSE:OVV - Free Report) - Zacks Research decreased their Q4 2026 earnings per share (EPS) estimates for shares of Ovintiv in a report released on Thursday, August 13th. Zacks Research analyst Team now anticipates that the company will post earnings of $2.04 per share for the quarter, down from their prior forecast of $2.21. The consensus estimate for Ovintiv's current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv's Q1 2027 earnings at $1.79 EPS and Q2 2028 earnings at $2.75 EPS.

Several other equities research analysts have also recently issued reports on OVV. Texas Capital raised shares of Ovintiv to a "strong-buy" rating in a research report on Thursday, June 25th. Wells Fargo & Company raised shares of Ovintiv from a "hold" rating to a "strong-buy" rating and set a C$80.00 price target for the company in a research note on Monday, June 22nd. Finally, Citigroup raised Ovintiv from a "hold" rating to a "strong-buy" rating and set a C$70.00 price objective on the stock in a research note on Wednesday, May 20th. Seven research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Strong Buy" and an average target price of C$75.00.

Ovintiv Trading Down 1.6%

TSE OVV opened at C$86.83 on Friday. The stock has a market cap of C$24.02 billion, a PE ratio of 24.25, a PEG ratio of 0.05 and a beta of 0.36. Ovintiv has a 12 month low of C$50.13 and a 12 month high of C$90.93. The company's 50-day moving average price is C$80.52 and its 200-day moving average price is C$76.65. The company has a current ratio of 1.01, a quick ratio of 0.51 and a debt-to-equity ratio of 43.73.

Ovintiv (TSE:OVV - Get Free Report) last released its earnings results on Monday, May 11th. The company reported C($3.27) earnings per share for the quarter. The business had revenue of C$3.52 billion during the quarter. Ovintiv had a return on equity of 8.29% and a net margin of 9.51%.

Ovintiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a dividend of $0.30 per share. 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%.

Ovintiv Company Profile

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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