Zacks Research Comments on Ovintiv Inc.’s Q1 2026 Earnings (NYSE:OVV)

Ovintiv Inc. (NYSE:OVV) – Equities researchers at Zacks Research decreased their Q1 2026 earnings per share (EPS) estimates for shares of Ovintiv in a report released on Tuesday, April 2nd. Zacks Research analyst R. Department now expects that the company will earn $1.58 per share for the quarter, down from their prior estimate of $1.74. The consensus estimate for Ovintiv’s current full-year earnings is $5.79 per share. Zacks Research also issued estimates for Ovintiv’s FY2026 earnings at $8.49 EPS.

OVV has been the topic of a number of other research reports. National Bankshares decreased their target price on Ovintiv from $69.00 to $53.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 10th. Royal Bank of Canada lifted their price target on Ovintiv from $48.00 to $49.00 and gave the company a “sector perform” rating in a research note on Thursday, February 29th. Wells Fargo & Company cut their price target on Ovintiv from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 17th. Citigroup lifted their price target on Ovintiv from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, Morgan Stanley lifted their price target on Ovintiv from $48.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, March 28th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.94.

Ovintiv Stock Up 3.1 %

OVV stock opened at $54.12 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $14.55 billion, a price-to-earnings ratio of 6.86 and a beta of 2.65. The business’s fifty day moving average price is $47.25 and its two-hundred day moving average price is $45.82. Ovintiv has a fifty-two week low of $32.07 and a fifty-two week high of $54.12.

Ovintiv (NYSE:OVV) last released its quarterly earnings data on Tuesday, February 27th. The company reported $2.35 EPS for the quarter, beating the consensus estimate of $1.94 by $0.41. Ovintiv had a return on equity of 19.50% and a net margin of 19.16%. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $2.75 billion.

Institutional Investors Weigh In On Ovintiv

Hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. raised its holdings in shares of Ovintiv by 10.7% in the third quarter. Victory Capital Management Inc. now owns 528,836 shares of the company’s stock worth $25,157,000 after buying an additional 51,261 shares during the period. Toronto Dominion Bank increased its holdings in Ovintiv by 15.5% during the 3rd quarter. Toronto Dominion Bank now owns 761,303 shares of the company’s stock worth $36,215,000 after purchasing an additional 101,978 shares during the period. Vanguard Group Inc. increased its holdings in Ovintiv by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 27,029,983 shares of the company’s stock worth $1,285,816,000 after purchasing an additional 2,484,554 shares during the period. Legal & General Group Plc increased its holdings in Ovintiv by 2.5% during the 3rd quarter. Legal & General Group Plc now owns 1,124,654 shares of the company’s stock worth $53,500,000 after purchasing an additional 27,381 shares during the period. Finally, Comerica Bank purchased a new position in Ovintiv during the 3rd quarter worth $18,097,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ovintiv

In other Ovintiv news, EVP Rachel Maureen Moore sold 9,300 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $50.65, for a total transaction of $471,045.00. Following the sale, the executive vice president now directly owns 52,557 shares in the company, valued at $2,662,012.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Ovintiv news, EVP Rachel Maureen Moore sold 9,300 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $50.65, for a total transaction of $471,045.00. Following the sale, the executive vice president now directly owns 52,557 shares in the company, valued at $2,662,012.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Renee Ellen Zemljak sold 76,264 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $50.96, for a total value of $3,886,413.44. Following the completion of the sale, the executive vice president now owns 23,672 shares in the company, valued at $1,206,325.12. The disclosure for this sale can be found here. Insiders sold a total of 91,564 shares of company stock valued at $4,660,818 over the last 90 days. Company insiders own 0.97% of the company’s stock.

Ovintiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Thursday, March 14th. Ovintiv’s dividend payout ratio (DPR) is 15.21%.

Ovintiv Company Profile

Ovintiv Inc, together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.