Ovintiv FY2026 Earnings Forecast Boosted by Zacks Research

Ovintiv Inc. (NYSE:OVV) – Stock analysts at Zacks Research boosted their FY2026 earnings per share (EPS) estimates for shares of Ovintiv in a report released on Wednesday, September 30th. Zacks Research analyst Team now expects that the company will post earnings per share of $6.71 for the year, up from their prior forecast of $6.70. Zacks Research currently 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.

Other equities analysts also recently issued reports about the company. Roth Capital upped their target price on Ovintiv from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Stifel Nicolaus set a $92.00 price target on Ovintiv and gave the stock a “buy” rating in a research report on Wednesday, September 9th. Stephens reiterated a “positive” rating and set a $69.00 price target on shares of Ovintiv in a research note on Friday, July 24th. Wells Fargo & Company increased their price objective on Ovintiv from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Finally, Weiss Ratings upgraded Ovintiv from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.15.

Ovintiv Trading Up 3.7%

Shares of Ovintiv stock opened at $59.94 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. Ovintiv has a 12-month low of $35.47 and a 12-month high of $67.51. The firm has a market capitalization of $16.51 billion, a price-to-earnings ratio of 16.93 and a beta of 0.65. The firm’s 50 day simple moving average is $62.84 and its two-hundred day simple moving average is $59.04.

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

Ovintiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th were paid a $0.30 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.0%. Ovintiv’s dividend payout ratio is presently 33.90%.

Insider Activity at Ovintiv

In related news, EVP Rachel Moore sold 7,753 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $4,592,599.60. This trade represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.85% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OVV. BlackRock Inc. purchased a new stake in shares of Ovintiv during the second quarter worth $1,422,959,000. Millennium Management LLC lifted its stake in shares of Ovintiv by 116.3% in the fourth quarter. Millennium Management LLC now owns 5,692,806 shares of the company’s stock worth $223,101,000 after buying an additional 3,060,691 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Ovintiv in the second quarter worth about $124,308,000. Bank of America Corp DE acquired a new position in Ovintiv during the second quarter worth about $79,475,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Ovintiv by 16.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 7,880,705 shares of the company’s stock worth $467,874,000 after acquiring an additional 1,137,162 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Ovintiv News Summary

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Share repurchase program renewed: Ovintiv received regulatory approval to renew its normal-course issuer bid, including authorization to repurchase up to 26,973,037 shares. The program aligns with management’s commitment to return 50% to 100% of annual non-GAAP free cash flow through dividends and buybacks, potentially supporting per-share value and signaling confidence in the company’s cash generation. Ovintiv Renews Annual Share Buy-Back Program
• Positive Sentiment: Higher analyst price target: National Bank Financial raised its Ovintiv target to $91 from $83 and maintained an “outperform” rating, implying substantial upside based on the referenced share price. Financial Analysis: Ovintiv versus Excelerate Energy
• Positive Sentiment: Broad-based earnings estimate increases: Zacks Research raised its EPS forecasts for FY2026, FY2027, FY2028, and several 2027–2028 quarters. The largest revision cited was for Q1 2027, to $1.38 from $1.31, while FY2027 increased to $5.24 from $5.11. These revisions suggest slightly better expected profitability, although the changes were generally modest.
• Neutral Sentiment: Zacks maintained a “Hold” rating despite the estimate increases, limiting the strength of the analyst signal. The company’s current-year consensus EPS estimate remains $7.28.

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.