Zacks Research Has Positive Forecast for Ovintiv Q2 Earnings

Ovintiv Inc. (NYSE:OVV) – Stock analysts at Zacks Research increased their Q2 2026 earnings per share (EPS) estimates for Ovintiv in a note issued to investors on Tuesday, March 18th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $1.20 per share for the quarter, up from their prior forecast of $0.99. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv’s Q3 2026 earnings at $1.32 EPS.

Several other brokerages also recently commented on OVV. Scotiabank upgraded shares of Ovintiv to a “strong-buy” rating in a research report on Wednesday. Barclays boosted their price target on Ovintiv from $57.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price objective on Ovintiv from $56.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Mizuho lowered their target price on Ovintiv from $63.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Finally, UBS Group dropped their target price on shares of Ovintiv from $59.00 to $56.00 and set a “buy” rating for the company in a report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.78.

Ovintiv Price Performance

OVV stock opened at $41.52 on Friday. The company’s 50-day moving average price is $42.80 and its two-hundred day moving average price is $41.80. The firm has a market cap of $10.81 billion, a P/E ratio of 5.51 and a beta of 2.55. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.46. Ovintiv has a 12 month low of $36.62 and a 12 month high of $55.95.

Institutional Investors Weigh In On Ovintiv

Several hedge funds and other institutional investors have recently bought and sold shares of OVV. Ninepoint Partners LP grew its holdings in Ovintiv by 16.9% during the fourth quarter. Ninepoint Partners LP now owns 225,000 shares of the company’s stock worth $9,112,000 after buying an additional 32,500 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Ovintiv by 16.0% during the third quarter. Franklin Resources Inc. now owns 270,968 shares of the company’s stock valued at $11,527,000 after purchasing an additional 37,341 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Ovintiv by 4.4% during the third quarter. Retirement Systems of Alabama now owns 320,759 shares of the company’s stock valued at $12,288,000 after purchasing an additional 13,536 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Ovintiv by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,913,774 shares of the company’s stock worth $77,508,000 after purchasing an additional 45,147 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of Ovintiv in the fourth quarter valued at approximately $333,000. 83.81% of the stock is owned by institutional investors.

Ovintiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.89%. The ex-dividend date is Friday, March 14th. Ovintiv’s dividend payout ratio (DPR) is presently 28.57%.

About Ovintiv

Ovintiv Inc, together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.