Zacks Research Has Positive Forecast for Ovintiv Q3 Earnings

Ovintiv Inc. (TSE:OVV) – Equities research analysts at Zacks Research raised their Q3 2026 earnings per share estimates for shares of Ovintiv in a research note issued to investors on Wednesday, September 9th. Zacks Research analyst Team now expects that the company will post earnings per share of $2.03 for the quarter, up from their prior estimate of $2.02. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv’s Q4 2026 earnings at $2.06 EPS, FY2026 earnings at $9.24 EPS, Q3 2027 earnings at $1.73 EPS, Q4 2027 earnings at $1.78 EPS, FY2027 earnings at $7.04 EPS, Q2 2028 earnings at $2.74 EPS and FY2028 earnings at $9.07 EPS.

Several other equities research analysts have also recently issued reports on the stock. Seaport Research Partners raised shares of Ovintiv to a “hold” rating in a research report on Wednesday, September 2nd. Texas Capital raised shares of Ovintiv to a “strong-buy” rating in a research note on Thursday, June 25th. Wells Fargo & Company upgraded shares of Ovintiv to a “strong-buy” rating in a report on Wednesday, September 2nd. Finally, Citigroup raised shares of Ovintiv from a “hold” rating to a “strong-buy” rating and set a C$70.00 price objective for the company in a research note on Wednesday, May 20th. Seven research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy” and an average price target of C$75.00.

Ovintiv Trading Down 0.4%

TSE OVV opened at C$88.62 on Friday. The company has a market cap of C$24.51 billion, a P/E ratio of 24.75, a P/E/G ratio of 0.05 and a beta of 0.37. Ovintiv has a 12 month low of C$50.13 and a 12 month high of C$93.43. The company has a debt-to-equity ratio of 43.73, a current ratio of 1.01 and a quick ratio of 0.51. The company has a 50-day moving average of C$85.88 and a 200-day moving average of C$80.56.

Ovintiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Ovintiv’s payout ratio is 33.52%.

Ovintiv News Roundup

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks raised its EPS forecasts for Q3 2026 to $2.03 from $2.02, Q4 2026 to $2.06 from $2.04, Q3 2027 to $1.73 from $1.72, FY2027 to $7.04 from $7.00, and FY2028 to $9.07 from $9.06. These upward revisions modestly improve the longer-term earnings outlook. Ovintiv earnings estimates
• Neutral Sentiment: The changes were generally only $0.01 to $0.04 per share, indicating limited shifts in the analysts’ underlying view rather than a major change in Ovintiv’s outlook. Zacks’ listed FY2026 and FY2027 forecasts are $9.24 and $7.04 per share, respectively, compared with the current-year consensus estimate of $5.66. Ovintiv analyst estimates
• Negative Sentiment: Zacks trimmed its FY2026 EPS forecast to $9.24 from $9.27 and its Q2 2028 forecast to $2.74 from $2.75. The lower 2026 estimate could weigh on sentiment, although the reductions are too small to signal a material deterioration in expected performance. Ovintiv forecast revisions

About Ovintiv

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.