What is Zacks Research’s Forecast for Ovintiv Q1 Earnings?

Ovintiv Inc. (NYSE:OVV) – Equities research analysts at Zacks Research dropped their Q1 2027 EPS estimates for shares of Ovintiv in a report issued on Thursday, January 22nd. Zacks Research analyst Team now forecasts that the company will post earnings of $1.17 per share for the quarter, down from their prior forecast of $1.25. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv’s Q2 2027 earnings at $1.22 EPS, Q3 2027 earnings at $1.21 EPS, Q4 2027 earnings at $1.34 EPS and FY2027 earnings at $4.94 EPS.

Other equities analysts have also issued research reports about the stock. Morgan Stanley reduced their target price on shares of Ovintiv from $48.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Citigroup cut their target price on shares of Ovintiv from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday, November 18th. William Blair started coverage on Ovintiv in a report on Wednesday, November 26th. They set an “outperform” rating and a $50.00 price target on the stock. Barclays decreased their price objective on shares of Ovintiv from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Finally, UBS Group reaffirmed a “buy” rating on shares of Ovintiv in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.82.

Ovintiv Stock Up 0.9%

Shares of NYSE OVV opened at $41.39 on Monday. The stock has a market capitalization of $10.48 billion, a P/E ratio of 45.49, a PEG ratio of 2.42 and a beta of 0.76. Ovintiv has a one year low of $29.80 and a one year high of $45.96. The firm’s 50 day simple moving average is $39.62 and its two-hundred day simple moving average is $39.74. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.45 and a quick ratio of 0.45.

Ovintiv (NYSE:OVV) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Ovintiv had a return on equity of 12.22% and a net margin of 2.64%.

Ovintiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $0.30 dividend. The ex-dividend date was Monday, December 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. Ovintiv’s payout ratio is presently 131.87%.

Insider Activity

In related news, COO Gregory Dean Givens sold 50,000 shares of Ovintiv stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $40.33, for a total value of $2,016,500.00. Following the completion of the sale, the chief operating officer directly owned 105,867 shares in the company, valued at $4,269,616.11. The trade was a 32.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Ovintiv

A number of large investors have recently bought and sold shares of OVV. Integrated Wealth Concepts LLC raised its position in shares of Ovintiv by 70.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 9,127 shares of the company’s stock worth $391,000 after acquiring an additional 3,788 shares in the last quarter. Great Lakes Advisors LLC bought a new position in Ovintiv in the first quarter worth about $202,000. Focus Partners Wealth lifted its position in shares of Ovintiv by 49.3% during the first quarter. Focus Partners Wealth now owns 19,282 shares of the company’s stock valued at $825,000 after buying an additional 6,364 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Ovintiv by 47.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,830 shares of the company’s stock valued at $78,000 after buying an additional 589 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Ovintiv by 0.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 86,630 shares of the company’s stock valued at $3,296,000 after buying an additional 666 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Ovintiv Company Profile

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.