What is Zacks Research's Forecast for Ovintiv Q2 Earnings?

Ovintiv Inc. (NYSE:OVV - Free Report) - Research analysts at Zacks Research dropped their Q2 2025 earnings per share (EPS) estimates for Ovintiv in a report issued on Monday, June 9th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $0.99 per share for the quarter, down from their prior forecast of $1.01. The consensus estimate for Ovintiv's current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv's Q3 2025 earnings at $1.26 EPS, FY2025 earnings at $5.10 EPS, Q1 2026 earnings at $1.22 EPS and FY2027 earnings at $5.93 EPS.

Ovintiv (NYSE:OVV - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.22. The company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.23 billion. Ovintiv had a return on equity of 17.87% and a net margin of 20.15%.

A number of other brokerages have also issued reports on OVV. Williams Trading set a $58.00 price target on Ovintiv in a research note on Wednesday, March 5th. BMO Capital Markets upgraded shares of Ovintiv from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $55.00 to $57.00 in a report on Monday, March 24th. Barclays cut their target price on shares of Ovintiv from $59.00 to $53.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price target on shares of Ovintiv from $56.00 to $45.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Finally, Scotiabank upgraded Ovintiv to a "strong-buy" rating in a research report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $55.00.

Ovintiv Price Performance

Ovintiv stock traded down $0.16 during trading hours on Wednesday, hitting $40.46. 1,451,365 shares of the company traded hands, compared to its average volume of 3,369,849. Ovintiv has a 1-year low of $29.80 and a 1-year high of $49.57. The firm has a market cap of $10.51 billion, a P/E ratio of 5.37 and a beta of 1.09. The firm's 50-day simple moving average is $35.46 and its two-hundred day simple moving average is $39.88. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.46.

Ovintiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Friday, June 13th. Ovintiv's payout ratio is presently 51.06%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in OVV. Vanguard Group Inc. increased its stake in shares of Ovintiv by 3.3% in the first quarter. Vanguard Group Inc. now owns 30,423,206 shares of the company's stock worth $1,302,113,000 after acquiring an additional 959,711 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Ovintiv by 383.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,258,570 shares of the company's stock worth $396,267,000 after purchasing an additional 7,344,796 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Ovintiv by 3.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 8,437,152 shares of the company's stock worth $361,110,000 after purchasing an additional 284,656 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ovintiv by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,708,987 shares of the company's stock worth $244,338,000 after purchasing an additional 146,749 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Ovintiv by 69.7% during the 1st quarter. AQR Capital Management LLC now owns 5,572,732 shares of the company's stock valued at $238,513,000 after buying an additional 2,288,989 shares during the last quarter. 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.