Zacks Research Weighs in on Ovintiv's Q3 Earnings (NYSE:OVV)

Key Points

• Zacks Research lowered Ovintiv’s Q3 2026 EPS estimate to $1.45 from $1.49 and maintains a “Hold” rating. Its FY2026 estimate is $6.66 per share, while longer-term FY2027 and FY2028 forecasts were also reduced.
• Despite the revisions, broader analyst sentiment remains constructive: Ovintiv has a “Moderate Buy” consensus rating and an average price target of $66.79, above its recent $62.99 price.
• Ovintiv declared a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 1.9% yield. The company’s latest quarter missed EPS expectations, reporting $1.74 versus the $1.94 consensus estimate.

Ovintiv Inc. (NYSE:OVV - Free Report) - Investment analysts at Zacks Research dropped their Q3 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 per share of $1.45 for the quarter, down from their previous estimate of $1.49. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Ovintiv's current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Ovintiv's FY2026 earnings at $6.66 EPS, Q2 2027 earnings at $1.24 EPS, Q3 2027 earnings at $1.24 EPS, Q4 2027 earnings at $1.27 EPS, FY2027 earnings at $5.03 EPS, Q1 2028 earnings at $1.43 EPS and FY2028 earnings at $6.51 EPS.

Several other research firms have also commented on OVV. National Bank Financial upped their price objective on Ovintiv from $82.00 to $83.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 8th. Morgan Stanley cut their target price on shares of Ovintiv from $68.00 to $65.00 and set an "equal weight" rating for the company in a report on Monday, June 29th. Wells Fargo & Company decreased their target price on shares of Ovintiv from $80.00 to $78.00 and set an "overweight" rating for the company in a research note on Thursday. Stephens restated a "positive" rating and set a $69.00 price target on shares of Ovintiv in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of Ovintiv from a "hold (c)" rating to a "buy (b-)" rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $66.79.

Ovintiv Stock Down 0.0%

Shares of OVV stock opened at $62.99 on Monday. The stock has a 50 day moving average of $57.31 and a 200 day moving average of $55.50. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. The stock has a market cap of $17.35 billion, a P/E ratio of 17.79 and a beta of 0.53. Ovintiv has a twelve month low of $35.47 and a twelve month high of $64.61.

Ovintiv (NYSE:OVV - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.94 by ($0.20). The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.37 billion. Ovintiv had a net margin of 9.43% and a return on equity of 14.84%.

Institutional Trading of Ovintiv

Institutional investors have recently made changes to their positions in the company. Steph & Co. purchased a new position in Ovintiv in the 1st quarter valued at $29,000. Aberdeen Wealth Management LLC purchased a new stake in shares of Ovintiv during the second quarter worth $32,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Ovintiv during the second quarter worth $32,000. Root Financial Partners LLC raised its position in shares of Ovintiv by 43.2% in the first quarter. Root Financial Partners LLC now owns 918 shares of the company's stock valued at $54,000 after buying an additional 277 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Ovintiv in the fourth quarter valued at about $46,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ovintiv

In other Ovintiv news, EVP Rachel Maureen Moore sold 7,753 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $63.32, for a total transaction of $490,919.96. Following the completion of the transaction, the executive vice president owned 72,530 shares of the company's stock, valued at $4,592,599.60. This represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.85% of the stock is owned by insiders.

Ovintiv Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, September 15th. Ovintiv's payout ratio is 33.90%.

Key Headlines Impacting Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Ovintiv continues to offer a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a yield of approximately 1.9%. The dividend has a payout ratio of about 34%, suggesting it is relatively well covered by earnings. Ovintiv insider trading and dividend article
• Positive Sentiment: Wall Street’s broader view remains constructive, with Ovintiv carrying a “Moderate Buy” consensus rating and an average price target of $66.79, above recent trading levels. Several firms maintain Buy or Outperform ratings. Equities analysts offer predictions for Ovintiv Q4 earnings
• Neutral Sentiment: Analysts are issuing new predictions for Ovintiv’s fourth-quarter earnings, which could influence trading as investors assess the company’s near-term profitability outlook. The provided report does not include a specific consensus estimate. Equities analysts offer predictions for Ovintiv Q4 earnings
• Negative Sentiment: Zacks Research reduced several earnings forecasts, including Q3 2026 EPS to $1.45 from $1.49, Q2 2027 EPS to $1.24 from $1.50, Q3 2027 EPS to $1.24 from $1.43, and Q4 2027 EPS to $1.27 from $1.43. Its FY2026 estimate of $6.66 is below the broader $6.87 consensus. Ovintiv analyst estimates
• Negative Sentiment: The most significant revisions were to FY2027 EPS, cut to $5.03 from $5.58, and FY2028 EPS, cut to $6.51 from $7.22. The repeated reductions imply expectations for weaker future profitability and are the clearest near-term pressure on OVV.
• Negative Sentiment: Executive Vice President Rachel Maureen Moore sold 7,753 shares for approximately $491,000, reducing her holdings by 9.66%. She retained 72,530 shares, so the sale may be personal or routine, but insider selling can weigh on sentiment while the stock trades close to its yearly high. SEC insider transaction filing

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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