Equities Analysts Offer Predictions for Ovintiv Q3 Earnings

Ovintiv Inc. (TSE:OVV) – Zacks Research reduced their Q3 2026 earnings estimates for shares of Ovintiv in a note issued to investors on Thursday, August 13th. Zacks Research analyst Team now forecasts that the company will earn $2.02 per share for the quarter, down from their prior forecast of $2.09. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv’s FY2026 earnings at $9.27 EPS, Q2 2027 earnings at $1.73 EPS, Q3 2027 earnings at $1.72 EPS, Q4 2027 earnings at $1.76 EPS, FY2027 earnings at $7.00 EPS, Q1 2028 earnings at $2.00 EPS and FY2028 earnings at $9.06 EPS.

Several other equities research analysts also recently commented on OVV. Citigroup upgraded Ovintiv from a “hold” rating to a “strong-buy” rating and set a C$70.00 price objective for the company in a report on Wednesday, May 20th. Wells Fargo & Company upgraded Ovintiv from a “hold” rating to a “strong-buy” rating and set a C$80.00 target price on the stock in a report on Monday, June 22nd. Finally, Texas Capital raised shares of Ovintiv to a “strong-buy” rating in a research report on Thursday, June 25th. Seven equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Strong Buy” and a consensus target price of C$75.00.

Ovintiv Stock Up 1.4%

OVV stock opened at C$88.63 on Monday. The stock’s 50 day simple moving average is C$80.84 and its 200 day simple moving average is C$77.08. The company has a market cap of C$24.52 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 0.05 and a beta of 0.36. The company has a debt-to-equity ratio of 43.73, a quick ratio of 0.51 and a current ratio of 1.01. Ovintiv has a fifty-two week low of C$50.13 and a fifty-two week high of C$90.93.

Ovintiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.20 annualized dividend and a yield of 1.4%. Ovintiv’s dividend payout ratio (DPR) is presently 33.52%.

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.