What is Zacks Research’s Estimate for Ovintiv Q2 Earnings?

Ovintiv Inc. (TSE:OVV) – Analysts at Zacks Research raised their Q2 2027 earnings per share estimates for shares of Ovintiv in a research note issued to investors on Tuesday, June 16th. Zacks Research analyst Team now expects that the company will post earnings per share of $2.08 for the quarter, up from their prior forecast of $2.07. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv’s Q3 2027 earnings at $1.99 EPS and FY2027 earnings at $7.72 EPS.

A number of other brokerages also recently commented on OVV. Truist Financial raised shares of Ovintiv to a “strong-buy” rating in a research report on Monday, March 23rd. Citigroup raised shares of Ovintiv from a “hold” rating to a “strong-buy” rating and set a C$70.00 target price for the company in a research note on Wednesday, May 20th. Six equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$70.00.

Ovintiv Stock Down 1.5%

Shares of Ovintiv stock opened at C$74.90 on Wednesday. Ovintiv has a 1 year low of C$50.13 and a 1 year high of C$86.86. The company has a market cap of C$21.05 billion, a P/E ratio of 24.64, a P/E/G ratio of 0.05 and a beta of 0.44. The company has a current ratio of 0.56, a quick ratio of 0.51 and a debt-to-equity ratio of 66.59. The stock has a 50-day moving average price of C$79.26 and a 200 day moving average price of C$68.94.

Ovintiv (TSE:OVV) last announced its earnings results on Monday, May 11th. The company reported C($3.27) earnings per share (EPS) for the quarter. The firm had revenue of C$3.52 billion for the quarter. Ovintiv had a net margin of 8.59% and a return on equity of 7.13%.

Ovintiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, June 15th. Ovintiv’s payout ratio is currently 39.47%.

Key Stories Impacting Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks Research lifted Ovintiv’s earnings outlook for FY2026 to $9.08 per share, above its prior estimate, suggesting stronger near-term profitability. Ovintiv analyst update
• Positive Sentiment: The firm also raised FY2027 EPS to $7.71 and FY2028 EPS to $10.01, indicating expectations for sustained earnings growth over the next several years. Ovintiv analyst update
• Positive Sentiment: Zacks increased quarterly estimates for Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, and Q1 2028, reinforcing a broadly better earnings trajectory. Ovintiv analyst update
• Positive Sentiment: Jefferies initiated/maintained a Buy view on Ovintiv, which adds another bullish signal for investors. Jefferies Buy rating

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.