Ovintiv Stock Gets Higher EPS Estimate from Zacks Research

Ovintiv Inc. (NYSE:OVV) – Investment analysts at Zacks Research lifted their FY2026 earnings per share estimates for shares of Ovintiv in a research report issued on Wednesday, September 30th. Zacks Research analyst Team now expects that the company will earn $6.71 per share for the year, up from their previous estimate of $6.70. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $7.29 per share. Zacks Research also issued estimates for Ovintiv’s Q1 2027 earnings at $1.38 EPS, Q2 2027 earnings at $1.27 EPS, Q3 2027 earnings at $1.27 EPS, Q4 2027 earnings at $1.31 EPS, FY2027 earnings at $5.24 EPS, Q1 2028 earnings at $1.48 EPS, Q2 2028 earnings at $2.01 EPS and FY2028 earnings at $6.67 EPS.

A number of other equities research analysts have also recently weighed in on OVV. Truist Financial reissued a “buy” rating and issued a $73.00 price target (up from $66.00) on shares of Ovintiv in a research report on Monday, July 27th. Morgan Stanley set a $67.00 price objective on Ovintiv in a report on Wednesday, August 19th. UBS Group reiterated a “buy” rating and set a $85.00 target price on shares of Ovintiv in a research report on Monday, September 14th. Royal Bank Of Canada boosted their target price on Ovintiv from $70.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Finally, Texas Capital raised Ovintiv to a “strong-buy” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.67.

Ovintiv Trading Up 0.5%

Shares of Ovintiv stock opened at $60.30 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $62.79 and a 200-day simple moving average of $59.05. The stock has a market cap of $16.61 billion, a price-to-earnings ratio of 17.03 and a beta of 0.65. Ovintiv has a 12-month low of $35.47 and a 12-month high of $67.51.

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

Institutional Trading of Ovintiv

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CX Institutional lifted its position in shares of Ovintiv by 5.4% during the third quarter. CX Institutional now owns 29,901 shares of the company’s stock worth $1,729,000 after purchasing an additional 1,538 shares during the last quarter. QRG Capital Management Inc. grew its stake in Ovintiv by 15.0% in the second quarter. QRG Capital Management Inc. now owns 16,400 shares of the company’s stock worth $863,000 after purchasing an additional 2,133 shares in the last quarter. Core Capital Management & Research inc. bought a new stake in Ovintiv in the second quarter valued at about $4,716,000. Sequoia Financial Advisors LLC increased its holdings in Ovintiv by 18.4% in the second quarter. Sequoia Financial Advisors LLC now owns 33,268 shares of the company’s stock valued at $1,752,000 after buying an additional 5,160 shares during the last quarter. Finally, Tidal Investments LLC raised its stake in Ovintiv by 376.4% during the second quarter. Tidal Investments LLC now owns 162,405 shares of the company’s stock valued at $8,550,000 after buying an additional 128,312 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Buying and Selling

In other Ovintiv news, EVP Rachel Moore sold 7,753 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were 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. The trade was a 9.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.85% of the company’s stock.

Ovintiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, September 15th. Ovintiv’s dividend payout ratio is currently 33.90%.

Ovintiv News Roundup

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Scotia raised its price target to $75 from $70 and upgraded its view to “sector outperform.” The new target implies approximately 24% upside from the referenced price, signaling stronger confidence in Ovintiv’s valuation and operating outlook.
• Positive Sentiment: Ovintiv renewed its annual share-repurchase program after receiving TSX approval. The program supports the company’s commitment to return 50% to 100% of annual non-GAAP free cash flow through dividends and buybacks, potentially boosting per-share value and signaling management’s confidence in cash generation. Ovintiv Renews Annual Share Buy-Back Program
• Positive Sentiment: National Bank Financial reportedly expects Ovintiv’s stock to rise, adding another constructive analyst view, although the available report does not provide specific target or forecast details. Ovintiv Stock Price Expected to Rise, National Bank Financial Analyst Says
• Neutral Sentiment: Zacks Research modestly increased multiple EPS estimates, including forecasts for fiscal 2026, fiscal 2027, fiscal 2028 and several quarterly periods. However, Zacks maintained a “Hold” rating, so the revisions indicate improving expectations but not a strong change in overall recommendation.
• Neutral Sentiment: Director Howard John Mayson acquired 50 deferred share units during the third quarter. The transaction offers a modest insider-alignment signal, though deferred share units are generally tied to director compensation and are not equivalent to a large open-market purchase. Ovintiv Director Acquires 50 Deferred Share Units

About Ovintiv

Ovintiv Inc (NYSE: OVV) is an energy company engaged in the exploration, development, production and operation of oil and natural gas properties. Its production includes crude oil, condensate, plant condensate, natural gas liquids and natural gas.

The company’s operations are concentrated in North America, with core assets in the Permian Basin, Uinta Basin and Anadarko Basin in the United States, as well as the Montney region in western Canada. Ovintiv also owns and operates related processing, gathering and other midstream infrastructure that supports the production and transportation of its energy products.

Ovintiv was formerly known as Encana Corporation and adopted its current name in 2020.