Ovintiv (NYSE:OVV) Downgraded by Zacks Research to “Hold”

Ovintiv (NYSE:OVV) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports. Zacks Research also issued estimates for Ovintiv’s Q2 2026 earnings at $1.43 EPS, Q3 2026 earnings at $1.48 EPS, Q4 2026 earnings at $1.59 EPS, FY2026 earnings at $6.49 EPS, Q1 2027 earnings at $1.19 EPS, Q2 2027 earnings at $1.48 EPS, Q3 2027 earnings at $1.41 EPS, Q4 2027 earnings at $1.42 EPS, FY2027 earnings at $5.51 EPS, Q1 2028 earnings at $1.76 EPS and FY2028 earnings at $7.15 EPS.

A number of other research firms also recently weighed in on OVV. Mizuho upped their price target on shares of Ovintiv from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Wells Fargo & Company lifted their price objective on Ovintiv from $55.00 to $57.00 and gave the company an “equal weight” rating in a research report on Thursday, May 14th. Scotiabank raised Ovintiv from an “outperform” rating to a “buy” rating in a research report on Wednesday, May 20th. Roth Mkm upped their target price on Ovintiv from $42.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Finally, National Bank Financial lifted their price target on Ovintiv from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.00.

Ovintiv Stock Performance

Shares of OVV opened at $53.54 on Monday. The company has a market capitalization of $15.05 billion, a PE ratio of 17.27 and a beta of 0.53. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 0.56. The company’s 50 day moving average price is $57.55 and its 200 day moving average price is $50.11. Ovintiv has a 52 week low of $35.47 and a 52 week high of $63.46.

Ovintiv (NYSE:OVV) last released its earnings results on Monday, May 11th. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.15. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.38 billion. Ovintiv had a net margin of 8.51% and a return on equity of 13.14%. Research analysts expect that Ovintiv will post 8.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Ovintiv

Hedge funds have recently bought and sold shares of the business. Citigroup Inc. lifted its holdings in Ovintiv by 42.1% in the 3rd quarter. Citigroup Inc. now owns 174,090 shares of the company’s stock worth $7,030,000 after purchasing an additional 51,562 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in Ovintiv during the third quarter valued at approximately $1,816,000. BCS Private Wealth Management Inc. acquired a new position in Ovintiv during the fourth quarter valued at approximately $976,000. UBS Group AG raised its position in shares of Ovintiv by 8.3% in the fourth quarter. UBS Group AG now owns 997,177 shares of the company’s stock valued at $39,079,000 after purchasing an additional 76,846 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its position in shares of Ovintiv by 670.2% in the third quarter. Dynamic Technology Lab Private Ltd now owns 44,972 shares of the company’s stock valued at $1,816,000 after purchasing an additional 39,133 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Key Ovintiv News

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks Research increased its earnings outlook for several Ovintiv periods, including FY2026, FY2027, and FY2028, signaling improving expectations for the company’s profit trajectory.
• Positive Sentiment: The firm also lifted quarterly EPS estimates for Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, and Q1 2028, which can reinforce investor confidence in operating performance.
• Neutral Sentiment: Zacks Research maintained a Strong-Buy rating on Ovintiv, adding a supportive analyst backdrop but not changing the overall investment thesis. Ovintiv stock page
• Neutral Sentiment: The broader article notes that Ovintiv still trades below some recent highs and has a current-year consensus earnings estimate of $8.15 per share, so investors may also be weighing whether the new forecasts justify more upside.

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.