Zacks Research Forecasts Ovintiv’s Q4 Earnings (NYSE:OVV)

Ovintiv Inc. (NYSE:OVV) – Analysts at Zacks Research cut their Q4 2026 earnings estimates for Ovintiv in a research report issued to clients and investors on Thursday, August 13th. Zacks Research analyst Team now expects that the company will earn $1.47 per share for the quarter, down from their previous estimate of $1.57. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $6.87 per share. Zacks Research also issued estimates for Ovintiv’s Q1 2027 earnings at $1.29 EPS and Q2 2028 earnings at $1.97 EPS.

OVV has been the subject of several other research reports. Scotiabank upgraded shares of Ovintiv from an “outperform” rating to a “buy” rating in a research note on Wednesday, May 20th. Wall Street Zen raised shares of Ovintiv from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Royal Bank Of Canada upped their target price on Ovintiv from $70.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Citigroup lifted their price target on Ovintiv from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Texas Capital raised Ovintiv to a “strong-buy” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.79.

Ovintiv Trading Down 1.3%

Shares of Ovintiv stock opened at $62.37 on Friday. The company has a market capitalization of $17.18 billion, a P/E ratio of 17.62 and a beta of 0.53. The stock has a fifty day simple moving average of $57.19 and a 200 day simple moving average of $55.35. Ovintiv has a 12-month low of $35.47 and a 12-month high of $64.61. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32.

Ovintiv (NYSE:OVV) last posted its earnings results on Thursday, July 23rd. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.94 by ($0.20). The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.37 billion. Ovintiv had a return on equity of 14.84% and a net margin of 9.43%.

Ovintiv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.9%. Ovintiv’s payout ratio is 33.90%.

Institutional Trading of Ovintiv

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Ovintiv in the 2nd quarter valued at approximately $1,422,959,000. Dimensional Fund Advisors LP lifted its position in shares of Ovintiv by 17.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,059,334 shares of the company’s stock worth $433,418,000 after acquiring an additional 1,669,469 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Ovintiv by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,890,315 shares of the company’s stock worth $387,601,000 after acquiring an additional 203,256 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Ovintiv by 16.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 7,880,705 shares of the company’s stock worth $467,874,000 after acquiring an additional 1,137,162 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Ovintiv by 116.3% in the fourth quarter. Millennium Management LLC now owns 5,692,806 shares of the company’s stock worth $223,101,000 after acquiring an additional 3,060,691 shares during the period. 83.81% of the stock is currently 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.