Zacks Research Issues Positive Forecast for Ovintiv Earnings

Key Points

• Zacks Research raised its outlook on Ovintiv, boosting Q2 2026 EPS estimate to $1.40 from $0.69 and keeping a Strong-Buy rating on the stock.
• The firm also lifted multiple longer-term earnings forecasts, including FY2026 EPS to $6.41 and FY2027 EPS to $5.42, signaling improving expected profitability.
• Ovintiv recently beat earnings expectations, reporting $2.00 EPS on revenue of $2.40 billion, while the company also announced a quarterly dividend of $0.30 per share, or $1.20 annually.

Ovintiv Inc. (NYSE:OVV - Free Report) - Equities research analysts at Zacks Research increased their Q2 2026 EPS estimates for shares of Ovintiv in a research report issued to clients and investors on Wednesday, May 27th. Zacks Research analyst Team now expects that the company will post earnings of $1.40 per share for the quarter, up from their previous estimate of $0.69. Zacks Research has a "Strong-Buy" rating on the stock. The consensus estimate for Ovintiv's current full-year earnings is $8.50 per share. Zacks Research also issued estimates for Ovintiv's Q3 2026 earnings at $1.45 EPS, Q4 2026 earnings at $1.57 EPS, FY2026 earnings at $6.41 EPS, Q1 2027 earnings at $1.17 EPS, Q2 2027 earnings at $1.46 EPS, Q3 2027 earnings at $1.39 EPS, Q4 2027 earnings at $1.40 EPS, FY2027 earnings at $5.42 EPS, Q1 2028 earnings at $1.73 EPS and FY2028 earnings at $7.06 EPS.

Ovintiv (NYSE:OVV - Get Free Report) last announced its earnings results on Monday, May 11th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.15. Ovintiv had a net margin of 8.51% and a return on equity of 13.14%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.38 billion.

Other equities research analysts also recently issued reports about the stock. Stephens upgraded shares of Ovintiv to a "hold" rating in a report on Tuesday, February 3rd. Roth Mkm boosted their target price on shares of Ovintiv from $42.00 to $50.00 and gave the company a "neutral" rating in a report on Tuesday, February 24th. Morgan Stanley assumed coverage on shares of Ovintiv in a report on Friday, March 27th. They issued an "equal weight" rating and a $68.00 target price for the company. Citigroup restated a "neutral" rating and issued a $62.00 target price (up from $52.00) on shares of Ovintiv in a report on Monday, March 30th. Finally, Bank of America boosted their target price on shares of Ovintiv from $63.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $63.00.

Ovintiv Trading Up 0.4%

NYSE OVV opened at $55.85 on Friday. Ovintiv has a 12 month low of $35.47 and a 12 month high of $63.46. The company has a 50-day moving average of $58.01 and a 200-day moving average of $48.46. The company has a market cap of $15.70 billion, a P/E ratio of 18.02 and a beta of 0.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.56 and a quick ratio of 0.56.

Ovintiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, June 15th. Ovintiv's dividend payout ratio is 38.71%.

Insider Buying and Selling

In related news, Director Howard John Mayson sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $52.39, for a total transaction of $261,950.00. Following the completion of the sale, the director owned 45,780 shares of the company's stock, valued at approximately $2,398,414.20. This represents a 9.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Meghan Nicole Eilers sold 11,582 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $54.78, for a total transaction of $634,461.96. Following the sale, the executive vice president directly owned 54,092 shares of the company's stock, valued at approximately $2,963,159.76. This trade represents a 17.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.85% of the stock is currently owned by corporate insiders.

Institutional Trading of Ovintiv

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Steph & Co. purchased a new position in Ovintiv in the 1st quarter worth approximately $29,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Ovintiv during the third quarter worth $36,000. Flagship Harbor Advisors LLC acquired a new position in shares of Ovintiv during the fourth quarter worth $38,000. Los Angeles Capital Management LLC acquired a new position in shares of Ovintiv during the fourth quarter worth $46,000. Finally, Deseret Mutual Benefit Administrators lifted its position in shares of Ovintiv by 27.6% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,328 shares of the company's stock worth $52,000 after purchasing an additional 287 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Ovintiv News Roundup

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks Research increased near-term and long-term EPS estimates for Ovintiv, including FY2026 to $6.41 and FY2027 to $5.42, signaling stronger expected earnings power. Ovintiv estimate revisions
• Positive Sentiment: The firm also raised quarterly forecasts for Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, and Q1 2028, reinforcing a more upbeat outlook for future results. Ovintiv estimate revisions
• Neutral Sentiment: Zacks Research maintained its Strong-Buy rating on Ovintiv, which supports investor confidence but does not by itself change the fundamental story. Ovintiv analyst rating
• Neutral Sentiment: The revised estimates still sit below the broader consensus full-year earnings forecast of $8.50 per share, indicating analysts are optimistic but not uniformly above market expectations. Ovintiv consensus estimate

Ovintiv Company Profile

Ovintiv Inc is a North American energy company focused on the exploration, development and production of oil, natural gas and natural gas liquids. Formerly known as Encana Corporation, the company rebranded as Ovintiv in January 2020 and established its headquarters in Denver, Colorado. Ovintiv's upstream portfolio spans multiple unconventional resource plays, reflecting a strategy centered on high-return projects and disciplined capital allocation.

The company's core business activities include the acquisition and development of acreage in major shale basins across the United States and Canada.

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