Zacks Research Issues Negative Outlook for Ovintiv Earnings

Ovintiv Inc. (NYSE:OVV) – Stock analysts at Zacks Research dropped their Q2 2026 earnings estimates for shares of Ovintiv in a research note issued on Monday, March 16th. Zacks Research analyst Team now anticipates that the company will earn $0.68 per share for the quarter, down from their prior forecast of $0.81. Zacks Research 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 $0.82 EPS, FY2026 earnings at $3.24 EPS, Q1 2027 earnings at $0.95 EPS, Q4 2027 earnings at $1.21 EPS and FY2028 earnings at $7.93 EPS.

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

Other equities analysts also recently issued research reports about the company. UBS Group upped their price objective on Ovintiv from $61.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. National Bank Financial lifted their target price on Ovintiv from $56.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Stephens raised shares of Ovintiv to a “hold” rating in a research note on Tuesday, February 3rd. Barclays upped their price target on shares of Ovintiv from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Citigroup decreased their price objective on shares of Ovintiv from $54.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.76.

Ovintiv Price Performance

Shares of OVV stock opened at $54.93 on Tuesday. Ovintiv has a 52-week low of $29.80 and a 52-week high of $55.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $15.56 billion, a P/E ratio of 11.35, a P/E/G ratio of 3.01 and a beta of 0.69. The stock has a 50 day moving average price of $46.10 and a 200 day moving average price of $41.87.

Ovintiv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.2%. Ovintiv’s payout ratio is 24.79%.

Insider Buying and Selling at Ovintiv

In other Ovintiv news, Director Howard John Mayson sold 5,000 shares of the company’s 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 directly owned 45,780 shares in the company, valued at approximately $2,398,414.20. This represents a 9.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.89% of the company’s stock.

Institutional Trading of Ovintiv

Institutional investors and hedge funds have recently made changes to their positions in the company. Stifel Financial Corp lifted its stake in Ovintiv by 1.4% in the fourth quarter. Stifel Financial Corp now owns 19,113 shares of the company’s stock worth $749,000 after acquiring an additional 269 shares during the period. Deseret Mutual Benefit Administrators increased its position in 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 purchasing an additional 287 shares during the period. Fiduciary Financial Group LLC increased its position in 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 purchasing an additional 297 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Ovintiv by 2.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 14,834 shares of the company’s stock valued at $599,000 after purchasing an additional 340 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Ovintiv by 9.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,150 shares of the company’s stock valued at $163,000 after purchasing an additional 362 shares in the last quarter. 83.81% of the stock is currently 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.