Brokers Issue Forecasts for Ovintiv’s Q3 Earnings (NYSE:OVV)

Ovintiv Inc. (NYSE:OVV) – Equities researchers at Zacks Research reduced their Q3 2026 earnings per share estimates for shares of Ovintiv in a note issued to investors on Thursday, August 13th. Zacks Research analyst Team now expects that the company will post earnings per share of $1.45 for the quarter, down from their previous forecast of $1.49. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $6.83 per share. Zacks Research also issued estimates for Ovintiv’s FY2026 earnings at $6.66 EPS, Q2 2027 earnings at $1.24 EPS, Q3 2027 earnings at $1.24 EPS, Q4 2027 earnings at $1.27 EPS, FY2027 earnings at $5.03 EPS, Q1 2028 earnings at $1.43 EPS and FY2028 earnings at $6.51 EPS.

Ovintiv (NYSE:OVV) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.74 earnings per share 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 the consensus estimate of $2.37 billion. Ovintiv had a net margin of 9.43% and a return on equity of 14.84%.

Several other equities research analysts have also recently weighed in on the stock. Stephens reissued a “positive” rating and set a $69.00 price target on shares of Ovintiv in a research report on Friday, July 24th. Morgan Stanley decreased their price objective on shares of Ovintiv from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, June 29th. National Bank Financial boosted their price objective on shares of Ovintiv from $82.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Roth Capital upped their price objective on shares of Ovintiv from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, June 24th. Finally, Truist Financial reiterated a “buy” rating and set a $73.00 target price (up from $66.00) on shares of Ovintiv in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ovintiv has an average rating of “Moderate Buy” and an average price target of $66.79.

Ovintiv Stock Up 1.9%

Shares of NYSE OVV opened at $65.03 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.32. Ovintiv has a 52 week low of $35.47 and a 52 week high of $65.43. The firm’s fifty day moving average is $57.60 and its 200 day moving average is $55.80. The company has a market cap of $17.92 billion, a price-to-earnings ratio of 18.37 and a beta of 0.53.

Institutional Investors Weigh In On Ovintiv

Large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Ovintiv during the second quarter valued at $1,422,959,000. AQR Capital Management LLC grew its position in shares of Ovintiv by 263.8% in the 3rd quarter. AQR Capital Management LLC now owns 4,949,637 shares of the company’s stock worth $199,866,000 after buying an additional 3,589,030 shares during the period. Millennium Management LLC increased its stake in shares of Ovintiv by 116.3% in the 4th quarter. Millennium Management LLC now owns 5,692,806 shares of the company’s stock worth $223,101,000 after acquiring an additional 3,060,691 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Ovintiv in the 2nd quarter worth about $124,308,000. Finally, Dimensional Fund Advisors LP lifted its position in Ovintiv by 17.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,059,334 shares of the company’s stock valued at $433,418,000 after acquiring an additional 1,669,469 shares during the period. Institutional investors own 83.81% of the company’s stock.

Insider Transactions at Ovintiv

In other Ovintiv news, EVP Rachel Maureen 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 transaction, the executive vice president directly owned 72,530 shares of the company’s stock, 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 can be accessed through the SEC website. Insiders own 0.85% of the company’s stock.

Ovintiv Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.20 annualized dividend and a yield of 1.8%. Ovintiv’s payout ratio is 33.90%.

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.