Zacks Research Analysts Lower Earnings Estimates for Ovintiv

Ovintiv Inc. (NYSE:OVV) – Stock analysts at Zacks Research lowered their Q1 2028 EPS estimates for Ovintiv in a research report issued on Monday, October 12th. Zacks Research analyst Team now expects that the company will earn $1.44 per share for the quarter, down from their previous estimate of $1.48. The consensus estimate for Ovintiv’s current full-year earnings is $7.29 per share. Zacks Research also issued estimates for Ovintiv’s Q3 2028 earnings at $1.53 EPS and FY2028 earnings at $6.54 EPS.

Ovintiv (NYSE:OVV) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.20). The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Ovintiv had a return on equity of 14.84% and a net margin of 9.43%.

Several other equities analysts have also issued reports on the stock. National Bank Financial lifted their price target on shares of Ovintiv from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 30th. Scotia increased their price objective on Ovintiv from $70.00 to $75.00 and gave the company a “sector outperform” rating in a report on Friday, October 2nd. Citigroup raised their price objective on Ovintiv from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Truist Financial raised their price objective on Ovintiv from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Roth Capital boosted their target price on Ovintiv from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.32.

Ovintiv Trading Up 2.4%

NYSE:OVV opened at $66.71 on Wednesday. Ovintiv has a 52 week low of $35.47 and a 52 week high of $67.51. The firm has a 50 day moving average of $63.10 and a 200 day moving average of $59.37. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $18.38 billion, a price-to-earnings ratio of 10.57 and a beta of 0.65.

Ovintiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were paid a $0.30 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. Ovintiv’s dividend payout ratio (DPR) is 33.90%.

Insiders Place Their Bets

In other Ovintiv news, EVP Rachel Moore sold 7,753 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $63.32, for a total transaction of $490,919.96. Following the sale, the executive vice president owned 72,530 shares of the company’s stock, valued at approximately $4,592,599.60. The trade was a 9.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.85% of the company’s stock.

Institutional Investors Weigh In On Ovintiv

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Krilogy Financial LLC grew its holdings in shares of Ovintiv by 6.2% during the third quarter. Krilogy Financial LLC now owns 11,478 shares of the company’s stock valued at $664,000 after buying an additional 673 shares during the last quarter. Affinity Capital Advisors LLC acquired a new position in shares of Ovintiv in the 3rd quarter valued at $204,000. Fragasso Financial Advisors Inc acquired a new position in shares of Ovintiv in the 3rd quarter valued at $204,000. Wedmont Private Capital raised its stake in Ovintiv by 9.4% in the 3rd quarter. Wedmont Private Capital now owns 4,323 shares of the company’s stock worth $274,000 after acquiring an additional 372 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Ovintiv by 8.3% in the 3rd quarter. GAMMA Investing LLC now owns 13,982 shares of the company’s stock worth $808,000 after acquiring an additional 1,077 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Ovintiv to $90 from $85 and maintained an “Outperform” rating, implying substantial upside from recent trading levels. RBC Raises Price Target on Ovintiv to $90 From $85, Keeps Outperform Rating
• Positive Sentiment: Zacks Research raised its Ovintiv EPS forecasts for late 2026 and several 2027 periods, including FY2026 to $6.73 from $6.71 and FY2027 to $5.49 from $5.24. The revisions suggest better near-term operating expectations despite Zacks retaining a “Hold” rating.
• Positive Sentiment: Analysts at Zacks said Ovintiv’s recent performance has benefited from higher oil output, strong free cash flow and a deep drilling inventory, helping the stock outperform its subindustry over the past three months. Ovintiv Stock Rallies 13% in the Past 3 Months: Is It a Buy or Hold?
• Positive Sentiment: UBS expects Ovintiv to deliver a positive operational update, although it cautioned that midstream conditions could create headwinds. Ovintiv Seen Posting Positive Update Despite Midstream Headwinds, UBS Says

Ovintiv Company Profile

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.