Zacks Research Issues Positive Forecast for Ovintiv Earnings

Key Points

• Zacks Research raised its Q1 2026 EPS estimate for Ovintiv to $1.46 (from $1.42) and the consensus full-year EPS is $5.66, with Zacks also projecting Q1 2028 EPS of $2.33.
• Multiple broker upgrades have pushed sentiment higher—several firms issued "strong-buy" ratings—giving Ovintiv a MarketBeat consensus rating of Buy (five Strong Buy, one Buy, four Hold).
• Shares opened at C$79.72, trading down about 3.5%; the company has a market cap of C$22.59B, a P/E of 16.68, a 52-week range of C$42.35–C$86.86, and pays a quarterly dividend of $0.30 (annualized $1.20, yield 1.5%).

Ovintiv Inc. (TSE:OVV - Free Report) - Equities researchers at Zacks Research lifted their Q1 2026 earnings per share estimates for shares of Ovintiv in a report released on Wednesday, April 1st. Zacks Research analyst Team now forecasts that the company will post earnings of $1.46 per share for the quarter, up from their previous forecast of $1.42. The consensus estimate for Ovintiv's current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv's Q1 2028 earnings at $2.33 EPS.

Ovintiv (TSE:OVV - Get Free Report) last announced its quarterly earnings data on Monday, February 23rd. The company reported C$5.10 EPS for the quarter. The company had revenue of C$2.81 billion for the quarter. Ovintiv had a net margin of 14.13% and a return on equity of 11.86%.

Several other analysts also recently commented on OVV. Truist Financial upgraded Ovintiv to a "strong-buy" rating in a research note on Monday, March 23rd. Scotiabank raised Ovintiv from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 11th. TD Cowen upgraded shares of Ovintiv to a "strong-buy" rating in a research note on Monday, February 9th. Citigroup downgraded shares of Ovintiv from a "strong-buy" rating to a "hold" rating in a report on Sunday. Finally, Stephens upgraded shares of Ovintiv to a "hold" rating in a research note on Tuesday, February 3rd. Five equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy".

Ovintiv Trading Down 3.5%

Shares of TSE OVV opened at C$79.72 on Thursday. The firm's 50 day moving average price is C$69.45 and its 200-day moving average price is C$59.78. Ovintiv has a 52-week low of C$42.35 and a 52-week high of C$86.86. The company has a debt-to-equity ratio of 67.25, a quick ratio of 0.51 and a current ratio of 0.54. The company has a market cap of C$22.59 billion, a PE ratio of 16.68, a P/E/G ratio of 0.05 and a beta of 1.06.

Ovintiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. Ovintiv's dividend payout ratio is currently 25.10%.

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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