Zacks Research Analysts Lift Earnings Estimates for Ovintiv

Ovintiv Inc. (NYSE:OVV) – Equities research analysts at Zacks Research upped their Q3 2028 earnings per share (EPS) estimates for Ovintiv in a research note issued on Wednesday, September 30th. Zacks Research analyst Team now expects that the company will earn $1.54 per share for the quarter, up from their previous estimate of $1.51. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $7.29 per share.

Ovintiv (NYSE:OVV) last issued its earnings results on Thursday, July 23rd. The company reported $1.74 earnings per share (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%.

OVV has been the subject of several other reports. National Bank Financial raised their price objective on Ovintiv from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday. Truist Financial restated a “buy” rating and set a $73.00 price objective (up from $66.00) on shares of Ovintiv in a research note on Monday, July 27th. Seaport Research Partners initiated coverage on shares of Ovintiv in a research note on Thursday, September 3rd. They issued a “neutral” rating on the stock. Scotiabank restated a “sector outperform” rating and set a $75.00 target price (up from $70.00) on shares of Ovintiv in a research report on Friday. Finally, Stephens reaffirmed a “positive” rating and set a $69.00 price target on shares of Ovintiv in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.67.

Ovintiv Stock Up 0.5%

Ovintiv stock opened at $60.30 on Friday. The business has a fifty day moving average price of $62.79 and a 200-day moving average price of $59.05. Ovintiv has a 1-year low of $35.47 and a 1-year high of $67.51. The stock has a market capitalization of $16.61 billion, a price-to-earnings ratio of 17.03 and a beta of 0.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 1.01.

Ovintiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, September 15th. Ovintiv’s dividend payout ratio (DPR) is 33.90%.

Insider Buying and Selling at Ovintiv

In other Ovintiv news, EVP Rachel Moore sold 7,753 shares of Ovintiv stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $63.32, for a total transaction of $490,919.96. Following the completion of the sale, the executive vice president directly owned 72,530 shares in the company, valued at $4,592,599.60. This trade represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ovintiv

Large investors have recently made changes to their positions in the stock. Man Group plc acquired a new position in Ovintiv in the 2nd quarter valued at about $936,000. Bank of America Corp DE acquired a new stake in shares of Ovintiv during the second quarter worth about $79,475,000. Corient Private Wealth LP acquired a new stake in shares of Ovintiv during the second quarter worth about $9,481,000. PensionDanmark Pensionsforsikringsaktieselskab acquired a new stake in shares of Ovintiv during the second quarter worth about $4,738,000. Finally, Core Capital Management & Research inc. purchased a new position in shares of Ovintiv in the second quarter valued at approximately $4,716,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Key Ovintiv News

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Scotia raised its price target to $75 from $70 and upgraded its view to “sector outperform.” The new target implies approximately 24% upside from the referenced price, signaling stronger confidence in Ovintiv’s valuation and operating outlook.
• Positive Sentiment: Ovintiv renewed its annual share-repurchase program after receiving TSX approval. The program supports the company’s commitment to return 50% to 100% of annual non-GAAP free cash flow through dividends and buybacks, potentially boosting per-share value and signaling management’s confidence in cash generation. Ovintiv Renews Annual Share Buy-Back Program
• Positive Sentiment: National Bank Financial reportedly expects Ovintiv’s stock to rise, adding another constructive analyst view, although the available report does not provide specific target or forecast details. Ovintiv Stock Price Expected to Rise, National Bank Financial Analyst Says
• Neutral Sentiment: Zacks Research modestly increased multiple EPS estimates, including forecasts for fiscal 2026, fiscal 2027, fiscal 2028 and several quarterly periods. However, Zacks maintained a “Hold” rating, so the revisions indicate improving expectations but not a strong change in overall recommendation.
• Neutral Sentiment: Director Howard John Mayson acquired 50 deferred share units during the third quarter. The transaction offers a modest insider-alignment signal, though deferred share units are generally tied to director compensation and are not equivalent to a large open-market purchase. Ovintiv Director Acquires 50 Deferred Share Units

About Ovintiv

Ovintiv Inc (NYSE: OVV) is an energy company engaged in the exploration, development, production and operation of oil and natural gas properties. Its production includes crude oil, condensate, plant condensate, natural gas liquids and natural gas.

The company’s operations are concentrated in North America, with core assets in the Permian Basin, Uinta Basin and Anadarko Basin in the United States, as well as the Montney region in western Canada. Ovintiv also owns and operates related processing, gathering and other midstream infrastructure that supports the production and transportation of its energy products.

Ovintiv was formerly known as Encana Corporation and adopted its current name in 2020.