Zacks Research Has Bullish Estimate for Ovintiv Q3 Earnings

Ovintiv Inc. (NYSE:OVV) – Analysts at Zacks Research increased their Q3 2027 EPS estimates for Ovintiv in a research report issued to clients and investors on Tuesday, June 16th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $1.42 for the quarter, up from their prior estimate of $1.41. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $8.17 per share. Zacks Research also issued estimates for Ovintiv’s FY2027 earnings at $5.52 EPS and FY2028 earnings at $7.17 EPS.

OVV has been the subject of a number of other research reports. Scotiabank raised shares of Ovintiv from an “outperform” rating to a “buy” rating in a research report on Wednesday, May 20th. Morgan Stanley assumed coverage on shares of Ovintiv in a research report on Friday, March 27th. They set an “equal weight” rating and a $68.00 price target on the stock. Bank of America lifted their price target on Ovintiv from $63.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. National Bank Financial boosted their price target on Ovintiv from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Finally, Roth Mkm upped their price objective on Ovintiv from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.00.

Ovintiv Trading Down 1.4%

OVV opened at $53.54 on Wednesday. The stock has a market capitalization of $15.05 billion, a P/E ratio of 17.27 and a beta of 0.53. The firm’s fifty day simple moving average is $57.55 and its 200 day simple moving average is $50.11. Ovintiv has a 12 month low of $35.47 and a 12 month high of $63.46. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

Ovintiv (NYSE:OVV) last issued its quarterly earnings data on Monday, May 11th. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.85 by $0.15. Ovintiv had a return on equity of 13.14% and a net margin of 8.51%.The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.38 billion.

Ovintiv Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. Ovintiv’s dividend payout ratio is currently 38.71%.

Hedge Funds Weigh In On Ovintiv

A number of hedge funds have recently modified their holdings of the business. Stifel Financial Corp increased its holdings in Ovintiv by 1.4% in the fourth quarter. Stifel Financial Corp now owns 19,113 shares of the company’s stock valued at $749,000 after purchasing an additional 269 shares during the period. Root Financial Partners LLC grew its position in shares of Ovintiv by 43.2% in the 1st quarter. Root Financial Partners LLC now owns 918 shares of the company’s stock valued at $54,000 after buying an additional 277 shares during the last quarter. Deseret Mutual Benefit Administrators increased its stake in shares of Ovintiv by 27.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,328 shares of the company’s stock valued at $52,000 after buying an additional 287 shares during the period. Fiduciary Financial Group LLC lifted its stake in shares of Ovintiv by 3.2% in the fourth quarter. Fiduciary Financial Group LLC now owns 9,460 shares of the company’s stock worth $371,000 after acquiring an additional 297 shares during the period. Finally, Sanctuary Advisors LLC increased its position in Ovintiv by 2.6% during the 1st quarter. Sanctuary Advisors LLC now owns 13,020 shares of the company’s stock valued at $773,000 after purchasing an additional 324 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

More 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.

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.