Equities Analysts Set Expectations for Ovintiv Q3 Earnings

Ovintiv Inc. (NYSE:OVV) – Stock analysts at Zacks Research boosted their Q3 2026 earnings estimates for shares of Ovintiv in a report released on Thursday, January 22nd. Zacks Research analyst Team now forecasts that the company will post earnings of $0.96 per share for the quarter, up from their previous forecast of $0.92. 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 Q4 2026 earnings at $0.97 EPS and FY2026 earnings at $3.58 EPS.

Ovintiv (NYSE:OVV) last announced its earnings results on Tuesday, November 4th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.97 by $0.06. Ovintiv had a net margin of 2.64% and a return on equity of 12.22%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.86 billion.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley dropped their target price on shares of Ovintiv from $48.00 to $46.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Scotiabank lifted their price objective on Ovintiv from $51.00 to $58.00 and gave the stock a “hold” rating in a research note on Tuesday. UBS Group restated a “buy” rating on shares of Ovintiv in a report on Thursday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ovintiv in a research note on Monday, December 29th. Finally, National Bankshares dropped their price target on Ovintiv from $66.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.82.

Ovintiv Trading Down 0.2%

OVV opened at $40.72 on Friday. The company has a 50-day simple moving average of $39.51 and a 200 day simple moving average of $39.74. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 44.75, a P/E/G ratio of 2.41 and a beta of 0.76. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.43. Ovintiv has a twelve month low of $29.80 and a twelve month high of $46.35.

Ovintiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, December 15th. Ovintiv’s dividend payout ratio is 131.87%.

Insider Activity

In related news, COO Gregory Dean Givens sold 50,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $40.33, for a total value of $2,016,500.00. Following the completion of the transaction, the chief operating officer directly owned 105,867 shares in the company, valued at approximately $4,269,616.11. The trade was a 32.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Ovintiv by 3.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 9,571,397 shares of the company’s stock valued at $364,192,000 after purchasing an additional 312,827 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ovintiv by 25.8% during the third quarter. Dimensional Fund Advisors LP now owns 9,389,865 shares of the company’s stock valued at $379,165,000 after purchasing an additional 1,927,193 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Ovintiv by 12.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,888,500 shares of the company’s stock valued at $237,747,000 after acquiring an additional 649,819 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Ovintiv by 263.8% in the third quarter. AQR Capital Management LLC now owns 4,949,637 shares of the company’s stock worth $199,866,000 after purchasing an additional 3,589,030 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of Ovintiv by 143.8% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 3,739,237 shares of the company’s stock worth $142,278,000 after buying an additional 2,205,233 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

About Ovintiv

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.