Zacks Research Brokers Reduce Earnings Estimates for Ovintiv

Ovintiv Inc. (NYSE:OVV - Free Report) - Research analysts at Zacks Research cut their Q4 2026 earnings estimates for Ovintiv in a note issued to investors on Thursday, April 24th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $1.77 per share for the quarter, down from their prior estimate of $1.83. The consensus estimate for Ovintiv's current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv's FY2027 earnings at $5.27 EPS.

Several other equities research analysts have also recently commented on OVV. National Bankshares lifted their target price on Ovintiv from $51.00 to $56.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Morgan Stanley reissued an "overweight" rating and set a $50.00 price objective on shares of Ovintiv in a report on Tuesday, April 15th. BMO Capital Markets upgraded shares of Ovintiv from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $55.00 to $57.00 in a research report on Monday, March 24th. Barclays reduced their price objective on shares of Ovintiv from $59.00 to $53.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Finally, Bank of America upgraded shares of Ovintiv from a "neutral" rating to a "buy" rating and dropped their target price for the company from $55.00 to $54.00 in a research report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $55.76.

Ovintiv Stock Performance

Shares of Ovintiv stock opened at $34.70 on Monday. The firm has a 50 day simple moving average of $38.62 and a 200 day simple moving average of $41.06. Ovintiv has a fifty-two week low of $29.80 and a fifty-two week high of $53.57. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a market cap of $9.04 billion, a P/E ratio of 4.60 and a beta of 2.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ninepoint Partners LP lifted its position in Ovintiv by 16.9% in the 4th quarter. Ninepoint Partners LP now owns 225,000 shares of the company's stock valued at $9,112,000 after acquiring an additional 32,500 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Ovintiv by 16.0% in the 3rd 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 during the period. Westpac Banking Corp lifted its holdings in shares of Ovintiv by 64.8% in the fourth quarter. Westpac Banking Corp now owns 31,369 shares of the company's stock valued at $1,270,000 after purchasing an additional 12,340 shares in the last quarter. Retirement Systems of Alabama boosted 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 worth $12,288,000 after buying an additional 13,536 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Ovintiv by 19.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 209,820 shares of the company's stock worth $8,768,000 after buying an additional 34,207 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Ovintiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Friday, March 14th. Ovintiv's payout ratio is currently 28.57%.

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.

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