Zacks Research Issues Negative Outlook for Ovintiv Earnings

Ovintiv Inc. (TSE:OVV) – Stock analysts at Zacks Research decreased their Q3 2026 EPS estimates for Ovintiv in a research report issued to clients and investors on Tuesday, June 16th. Zacks Research analyst Team now anticipates that the company will earn $2.06 per share for the quarter, down from their previous forecast of $2.07. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv’s Q4 2026 earnings at $2.22 EPS and Q1 2027 earnings at $1.66 EPS.

Other research analysts also recently issued research reports about the stock. Truist Financial raised shares of Ovintiv to a “strong-buy” rating in a research note on Monday, March 23rd. Citigroup raised shares of Ovintiv from a “hold” rating to a “strong-buy” rating and set a C$70.00 price target on the stock in a research note on Wednesday, May 20th. Six analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Ovintiv currently has a consensus rating of “Buy” and a consensus target price of C$70.00.

Ovintiv Stock Performance

TSE OVV opened at C$75.66 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.56 and a debt-to-equity ratio of 66.59. Ovintiv has a fifty-two week low of C$50.13 and a fifty-two week high of C$86.86. The business has a fifty day moving average of C$79.12 and a 200-day moving average of C$69.07. The stock has a market cap of C$21.26 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 0.05 and a beta of 0.44.

Ovintiv (TSE:OVV) last announced its quarterly earnings data on Monday, May 11th. The company reported C($3.27) EPS for the quarter. Ovintiv had a net margin of 8.59% and a return on equity of 7.13%. The company had revenue of C$3.52 billion during the quarter.

Ovintiv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be given 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 1.6%. Ovintiv’s dividend payout ratio (DPR) is currently 39.47%.

Ovintiv Company Profile

Ovintiv Inc is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the province of Alberta. Ovintiv’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin.