Research Analysts Set Expectations for Ovintiv Q2 Earnings

Ovintiv Inc. (NYSE:OVV) – Zacks Research raised their Q2 2026 earnings per share (EPS) estimates for Ovintiv in a research note issued on Wednesday, April 1st. Zacks Research analyst Team now expects that the company will earn $0.69 per share for the quarter, up from their previous estimate of $0.68. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv’s FY2026 earnings at $3.25 EPS, Q2 2027 earnings at $0.98 EPS and FY2028 earnings at $6.96 EPS.

Ovintiv (NYSE:OVV) last posted its quarterly earnings data on Monday, February 23rd. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.41. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.89 billion. Ovintiv had a net margin of 13.94% and a return on equity of 12.00%. During the same quarter in the prior year, the company posted ($0.23) earnings per share.

Several other research firms have also recently issued reports on OVV. Wells Fargo & Company increased their price objective on shares of Ovintiv from $42.00 to $54.00 and gave the company an “equal weight” rating in a report on Thursday, March 19th. Stephens raised Ovintiv to a “hold” rating in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ovintiv in a research note on Monday, December 29th. Roth Mkm lifted their price target on Ovintiv from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. assumed coverage on Ovintiv in a research note on Wednesday, February 25th. They issued an “overweight” rating and a $58.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.16.

Ovintiv Stock Up 3.0%

OVV stock opened at $59.13 on Friday. Ovintiv has a 52 week low of $29.80 and a 52 week high of $62.60. The company has a market capitalization of $16.75 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 2.06 and a beta of 0.59. The firm’s 50-day moving average is $51.11 and its two-hundred day moving average is $43.37. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39.

Ovintiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, March 13th. Ovintiv’s payout ratio is 24.79%.

Insider Buying and Selling at Ovintiv

In other news, Director Howard John Mayson sold 5,000 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $52.39, for a total value of $261,950.00. Following the completion of the sale, the director owned 45,780 shares in the company, valued at $2,398,414.20. This represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Meghan Nicole Eilers sold 11,582 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $54.78, for a total value of $634,461.96. Following the completion of 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. The disclosure for this sale is available in the SEC filing. 1.70% of the stock is owned by insiders.

Institutional Trading of Ovintiv

A number of hedge funds have recently made changes to their positions in OVV. Stifel Financial Corp increased its stake in Ovintiv by 1.4% in the 4th quarter. Stifel Financial Corp now owns 19,113 shares of the company’s stock valued at $749,000 after buying an additional 269 shares during the period. Deseret Mutual Benefit Administrators boosted its stake in shares of Ovintiv by 27.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,328 shares of the company’s stock valued at $52,000 after buying an additional 287 shares during the period. Fiduciary Financial Group LLC grew its holdings in shares of Ovintiv by 3.2% during the 4th quarter. Fiduciary Financial Group LLC now owns 9,460 shares of the company’s stock valued at $371,000 after acquiring an additional 297 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Ovintiv by 2.3% in the third quarter. PNC Financial Services Group Inc. now owns 14,834 shares of the company’s stock worth $599,000 after acquiring an additional 340 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Ovintiv by 9.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,150 shares of the company’s stock worth $163,000 after acquiring an additional 362 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

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.