What is Zacks Research’s Estimate for Ovintiv Q3 Earnings?

Ovintiv Inc. (TSE:OVV) – Stock analysts at Zacks Research decreased their Q3 2026 earnings per share (EPS) estimates for shares of Ovintiv in a note issued to investors on Thursday, August 13th. Zacks Research analyst Team now anticipates that the company will post earnings of $2.02 per share for the quarter, down from their prior forecast of $2.09. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv’s FY2026 earnings at $9.27 EPS, Q2 2027 earnings at $1.73 EPS, Q3 2027 earnings at $1.72 EPS, Q4 2027 earnings at $1.76 EPS, FY2027 earnings at $7.00 EPS, Q1 2028 earnings at $2.00 EPS and FY2028 earnings at $9.06 EPS.

A number of other analysts have also recently issued reports on the stock. Wells Fargo & Company raised shares of Ovintiv from a “hold” rating to a “strong-buy” rating and set a C$80.00 price objective for the company in a research note on Monday, June 22nd. Texas Capital upgraded shares of Ovintiv to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, Citigroup raised shares of Ovintiv from a “hold” rating to a “strong-buy” rating and set a C$70.00 target price for the company in a report on Wednesday, May 20th. Seven investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average target price of C$75.00.

Ovintiv Price Performance

Shares of TSE:OVV opened at C$90.41 on Monday. The company has a debt-to-equity ratio of 43.73, a current ratio of 1.01 and a quick ratio of 0.51. Ovintiv has a 1-year low of C$50.13 and a 1-year high of C$90.93. The company has a market capitalization of C$25.01 billion, a P/E ratio of 25.25, a P/E/G ratio of 0.05 and a beta of 0.36. The firm’s 50 day simple moving average is C$81.07 and its two-hundred day simple moving average is C$77.31.

Ovintiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, June 15th. Ovintiv’s dividend payout ratio (DPR) is 33.52%.

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.