Zacks Research Has Bullish Forecast for Ovintiv Q2 Earnings

Ovintiv Inc. (NYSE:OVV - Free Report) - Equities research analysts at Zacks Research upped their Q2 2025 earnings per share (EPS) estimates for Ovintiv in a research note issued on Tuesday, October 22nd. Zacks Research analyst R. Department now expects that the company will earn $0.91 per share for the quarter, up from their previous estimate of $0.88. The consensus estimate for Ovintiv's current full-year earnings is $4.87 per share. Zacks Research also issued estimates for Ovintiv's Q3 2025 earnings at $1.21 EPS, Q4 2025 earnings at $1.12 EPS, FY2025 earnings at $4.21 EPS, Q1 2026 earnings at $0.75 EPS, Q2 2026 earnings at $0.90 EPS and FY2026 earnings at $4.03 EPS.

Ovintiv (NYSE:OVV - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.22 by $0.02. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.53 billion. Ovintiv had a net margin of 18.56% and a return on equity of 18.28%.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. reduced their price objective on Ovintiv from $60.00 to $51.00 and set an "overweight" rating on the stock in a report on Thursday, September 12th. Mizuho cut their price target on Ovintiv from $60.00 to $58.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 9th. Royal Bank of Canada lowered their price objective on shares of Ovintiv from $62.00 to $61.00 and set a "sector perform" rating for the company in a research note on Thursday, August 1st. UBS Group cut their target price on shares of Ovintiv from $61.00 to $57.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Finally, Wolfe Research started coverage on shares of Ovintiv in a research report on Thursday, July 18th. They issued an "outperform" rating and a $65.00 price target for the company. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $57.00.

Ovintiv Trading Up 1.5 %

Shares of NYSE:OVV traded up $0.58 during trading on Friday, reaching $40.39. 3,053,379 shares of the company were exchanged, compared to its average volume of 3,087,350. The business's fifty day simple moving average is $41.18 and its 200-day simple moving average is $45.85. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.44 and a quick ratio of 0.44. Ovintiv has a 12-month low of $36.90 and a 12-month high of $55.95. The firm has a market capitalization of $10.78 billion, a PE ratio of 5.66, a P/E/G ratio of 7.76 and a beta of 2.61.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OVV. Innealta Capital LLC acquired a new position in shares of Ovintiv in the 2nd quarter valued at about $39,000. Geneos Wealth Management Inc. lifted its stake in shares of Ovintiv by 53.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 862 shares of the company's stock valued at $45,000 after purchasing an additional 300 shares during the period. UMB Bank n.a. boosted its holdings in Ovintiv by 27.7% during the third quarter. UMB Bank n.a. now owns 1,317 shares of the company's stock worth $50,000 after buying an additional 286 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Ovintiv during the second quarter valued at $69,000. Finally, Atlas Capital Advisors LLC acquired a new position in shares of Ovintiv in the first quarter worth about $74,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Ovintiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.30 per share. The ex-dividend date was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.97%. Ovintiv's dividend payout ratio is currently 16.76%.

Ovintiv Company Profile

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.