Brokers Issue Forecasts for Ovintiv’s Q3 Earnings (NYSE:OVV)

Ovintiv Inc. (NYSE:OVV) – Analysts at Zacks Research upped their Q3 2026 EPS estimates for shares of Ovintiv in a research note issued to investors on Wednesday, September 9th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $1.47 for the quarter, up from their prior forecast of $1.45. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $7.30 per share. Zacks Research also issued estimates for Ovintiv’s Q4 2026 earnings at $1.49 EPS, Q2 2027 earnings at $1.26 EPS, Q3 2027 earnings at $1.25 EPS, Q4 2027 earnings at $1.29 EPS, FY2027 earnings at $5.11 EPS, Q1 2028 earnings at $1.45 EPS and FY2028 earnings at $6.57 EPS.

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

A number of other brokerages have also recently commented on OVV. Seaport Research Partners started coverage on Ovintiv in a research report on Thursday, September 3rd. They issued a “neutral” rating on the stock. Wells Fargo & Company lifted their price objective on Ovintiv from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. UBS Group boosted their target price on Ovintiv from $71.00 to $74.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Texas Capital upgraded Ovintiv to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Mizuho lifted their price target on Ovintiv from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.20.

Ovintiv Price Performance

Shares of NYSE OVV opened at $64.06 on Friday. The company has a 50 day simple moving average of $61.47 and a two-hundred day simple moving average of $58.08. Ovintiv has a fifty-two week low of $35.47 and a fifty-two week high of $67.51. The company has a market capitalization of $17.65 billion, a price-to-earnings ratio of 18.10 and a beta of 0.53. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.01.

Ovintiv Announces Dividend

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OVV. Integrated Wealth Concepts LLC lifted its stake in Ovintiv by 5.0% in the second quarter. Integrated Wealth Concepts LLC now owns 5,460 shares of the company’s stock worth $287,000 after acquiring an additional 260 shares during the last quarter. Stifel Financial Corp increased its position in shares of Ovintiv by 1.4% in the 4th 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 last quarter. CX Institutional increased its position in shares of Ovintiv by 1.0% in the 2nd quarter. CX Institutional now owns 28,363 shares of the company’s stock valued at $1,493,000 after purchasing an additional 276 shares during the last quarter. Root Financial Partners LLC raised its holdings 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 purchasing an additional 277 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators raised its holdings 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 valued at $52,000 after purchasing an additional 287 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Ovintiv News Summary

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks increased its 2026 EPS forecast to $6.70 from $6.66 and raised its Q3 and Q4 2026 estimates to $1.47 and $1.49, respectively. Estimates for FY2027 also rose to $5.11 from $5.03, while FY2028 increased to $6.57 from $6.51.
• Positive Sentiment: Additional quarterly upgrades included Q1 2027 EPS to $1.31, Q2 2027 to $1.26, Q3 2027 to $1.25, Q4 2027 to $1.29, and Q1 2028 to $1.45. Zacks also raised its Q2 2028 estimate to $1.99 from $1.97.
• Neutral Sentiment: Despite the higher forecasts, Zacks Research maintained a “Hold” rating. The revisions are constructive but relatively small and do not represent a broad bullish change in analyst sentiment. The current-year consensus EPS estimate remains $7.30.
• Neutral Sentiment: Stifel Nicolaus issued a new rating on Ovintiv, but the available report does not specify the firm’s rating or price target. Ovintiv Receives a New Rating from Stifel Nicolaus

Ovintiv Company Profile

Ovintiv Inc is an independent North American energy company engaged primarily in the exploration, development, production and acquisition of oil, condensate, natural gas liquids and natural gas. Its portfolio is focused on unconventional, or shale, resource plays, with operations designed to produce a mix of higher-value liquids and natural gas.

The company’s principal assets are located in the United States and Canada. Its U.S. operations include positions in the Permian Basin of west Texas and New Mexico, the Uinta Basin of Utah and the Anadarko Basin of Oklahoma, while its Canadian operations include properties in Alberta’s Montney and Duvernay formations.