Zacks Research Has Positive Forecast for Ovintiv Q2 Earnings

Ovintiv Inc. (TSE:OVV) – Investment analysts at Zacks Research upped their Q2 2027 earnings per share (EPS) estimates for Ovintiv in a research note issued to investors on Tuesday, June 16th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $2.08 for the quarter, up from their prior estimate of $2.07. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv’s Q3 2027 earnings at $1.99 EPS and FY2027 earnings at $7.72 EPS.

OVV has been the subject of several other research reports. Truist Financial upgraded shares of Ovintiv to a “strong-buy” rating in a research report on Monday, March 23rd. Citigroup upgraded shares of Ovintiv from a “hold” rating to a “strong-buy” rating and set a C$70.00 target price on the stock in a research report on Wednesday, May 20th. Six research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$70.00.

Ovintiv Price Performance

Shares of OVV stock opened at C$74.90 on Wednesday. Ovintiv has a 52 week low of C$50.13 and a 52 week high of C$86.86. The stock has a market capitalization of C$21.05 billion, a PE ratio of 24.64, a PEG ratio of 0.05 and a beta of 0.44. The company has a debt-to-equity ratio of 66.59, a quick ratio of 0.51 and a current ratio of 0.56. The stock’s fifty day moving average is C$79.26 and its 200-day moving average is C$68.94.

Ovintiv (TSE:OVV) last announced its earnings results on Monday, May 11th. The company reported C($3.27) earnings per share (EPS) for the quarter. The firm had revenue of C$3.52 billion for the quarter. Ovintiv had a return on equity of 7.13% and a net margin of 8.59%.

Ovintiv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, June 15th. Ovintiv’s payout ratio is presently 39.47%.

More Ovintiv News

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks Research lifted Ovintiv’s earnings outlook for FY2026 to $9.08 per share, above its prior estimate, suggesting stronger near-term profitability. Ovintiv analyst update
• Positive Sentiment: The firm also raised FY2027 EPS to $7.71 and FY2028 EPS to $10.01, indicating expectations for sustained earnings growth over the next several years. Ovintiv analyst update
• Positive Sentiment: Zacks increased quarterly estimates for Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, and Q1 2028, reinforcing a broadly better earnings trajectory. Ovintiv analyst update
• Positive Sentiment: Jefferies initiated/maintained a Buy view on Ovintiv, which adds another bullish signal for investors. Jefferies Buy rating

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.