What is Zacks Research’s Estimate for Ovintiv Q1 Earnings?

Ovintiv Inc. (TSE:OVV) – Zacks Research cut their Q1 2028 EPS estimates for Ovintiv in a research report issued on Monday, October 12th. Zacks Research analyst Team now anticipates that the company will earn $2.05 per share for the quarter, down from their previous estimate of $2.10. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv’s Q3 2028 earnings at $2.18 EPS and FY2028 earnings at $9.33 EPS.

OVV has been the topic of a number of other reports. Seaport Research Partners upgraded shares of Ovintiv to a “hold” rating in a research note on Wednesday, September 2nd. Wells Fargo & Company upgraded shares of Ovintiv to a “strong-buy” rating in a research note on Wednesday, September 2nd. Finally, Texas Capital raised shares of Ovintiv to a “strong-buy” rating in a report on Thursday, June 25th. Seven equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Strong Buy” and a consensus target price of C$75.00.

Ovintiv Stock Performance

Shares of OVV stock opened at C$94.82 on Wednesday. The firm has a market cap of C$26.23 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 0.05 and a beta of 0.53. The company has a debt-to-equity ratio of 43.73, a quick ratio of 0.51 and a current ratio of 1.01. Ovintiv has a 52 week low of C$50.13 and a 52 week high of C$94.88. The firm’s 50-day simple moving average is C$88.23 and its two-hundred day simple moving average is C$82.77.

Ovintiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 15th. Ovintiv’s dividend payout ratio is currently 33.52%.

Ovintiv News Summary

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks raised its FY2026 EPS forecast to $9.60 from $9.53 and its Q4 2026 estimate to $2.17 from $2.12, signaling improved expectations for near-term profitability. Ovintiv analyst estimates
• Positive Sentiment: The research firm lifted its FY2027 EPS forecast to $7.84 from $7.44. Quarterly estimates also increased for Q1 2027, Q2 2027, Q3 2027 and Q4 2027, with the largest increases taking Q3 EPS to $1.93 from $1.80 and Q4 EPS to $1.99 from $1.86. These revisions provide the strongest bullish signal in the reports. Ovintiv analyst estimates
• Positive Sentiment: Zacks also raised its Q2 2028 EPS forecast to $3.00 from $2.85, suggesting expectations for a particularly strong quarter despite other 2028 reductions. Ovintiv analyst estimates
• Negative Sentiment: Later-period expectations were trimmed: Q1 2028 EPS fell to $2.05 from $2.10, Q3 2028 EPS to $2.18 from $2.19, and FY2028 EPS to $9.33 from $9.47. These cuts could limit enthusiasm about Ovintiv’s longer-term earnings trajectory. Ovintiv analyst estimates

Ovintiv Company Profile

Ovintiv Inc is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the province of Alberta. Ovintiv’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin.