Zacks Research Weighs in on Ovintiv’s Q3 Earnings (NYSE:OVV)

Ovintiv Inc. (NYSE:OVV) – Zacks Research cut their Q3 2026 earnings per share (EPS) estimates for shares of Ovintiv in a report issued on Thursday, August 13th. Zacks Research analyst Team now expects that the company will post earnings per share of $1.45 for the quarter, down from their previous estimate of $1.49. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Ovintiv’s FY2026 earnings at $6.66 EPS, Q2 2027 earnings at $1.24 EPS, Q3 2027 earnings at $1.24 EPS, Q4 2027 earnings at $1.27 EPS, FY2027 earnings at $5.03 EPS, Q1 2028 earnings at $1.43 EPS and FY2028 earnings at $6.51 EPS.

Several other equities analysts have also recently issued reports on OVV. Truist Financial reaffirmed a “buy” rating and set a $73.00 price target (up from $66.00) on shares of Ovintiv in a report on Monday, July 27th. National Bank Financial boosted their price objective on shares of Ovintiv from $82.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Roth Capital boosted their price objective on shares of Ovintiv from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, June 24th. Citigroup increased their price objective on shares of Ovintiv from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Stephens restated a “positive” rating and issued a $69.00 target price on shares of Ovintiv in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ovintiv has a consensus rating of “Moderate Buy” and a consensus target price of $66.79.

Ovintiv Price Performance

NYSE OVV opened at $63.81 on Monday. Ovintiv has a one year low of $35.47 and a one year high of $64.61. The stock has a 50-day moving average of $57.43 and a 200 day moving average of $55.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $17.58 billion, a price-to-earnings ratio of 18.03 and a beta of 0.53.

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

Ovintiv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.9%. Ovintiv’s dividend payout ratio is presently 33.90%.

Insider Activity at Ovintiv

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

Institutional Trading of Ovintiv

Several large investors have recently added to or reduced their stakes in the business. Steph & Co. bought a new position in Ovintiv in the first quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Ovintiv during the 2nd quarter worth $32,000. Aberdeen Wealth Management LLC bought a new stake in shares of Ovintiv during the 2nd quarter valued at $32,000. Los Angeles Capital Management LLC bought a new stake in shares of Ovintiv during the 4th quarter valued at $46,000. Finally, Deseret Mutual Benefit Administrators increased its stake in shares of Ovintiv by 27.6% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,328 shares of the company’s stock worth $52,000 after purchasing an additional 287 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

About Ovintiv

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.