Q2 Earnings Estimate for Ovintiv Issued By Zacks Research

Ovintiv Inc. (NYSE:OVV - Free Report) - Stock analysts at Zacks Research increased their Q2 2026 earnings per share (EPS) estimates for shares of Ovintiv in a research report issued on Tuesday, March 18th. Zacks Research analyst R. Department now expects that the company will earn $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.

Other analysts also recently issued research reports about the stock. Citigroup dropped their target price on shares of Ovintiv from $55.00 to $54.00 and set a "buy" rating for the company in a research report on Tuesday, November 26th. UBS Group cut their target price on shares of Ovintiv from $59.00 to $56.00 and set a "buy" rating on the stock in a research note on Monday, December 9th. Scotiabank raised shares of Ovintiv to a "strong-buy" rating in a research report on Wednesday, March 19th. BMO Capital Markets upgraded Ovintiv from a "market perform" rating to an "outperform" rating and increased their target price for the company from $55.00 to $57.00 in a research note on Monday. Finally, Williams Trading set a $58.00 price target on shares of Ovintiv in a research note on Wednesday, March 5th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Ovintiv presently has an average rating of "Moderate Buy" and an average target price of $56.79.

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Ovintiv Trading Up 1.8 %

OVV stock traded up $0.76 during trading on Friday, reaching $43.77. 3,113,878 shares of the stock traded hands, compared to its average volume of 2,955,891. The firm has a market capitalization of $11.40 billion, a PE ratio of 5.81 and a beta of 2.55. Ovintiv has a 52-week low of $36.62 and a 52-week high of $55.95. 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 business's 50 day moving average price is $42.75 and its 200-day moving average price is $41.84.

Ovintiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, March 14th. Ovintiv's dividend payout ratio (DPR) is presently 28.57%.

Institutional Investors Weigh In On Ovintiv

A number of institutional investors have recently modified their holdings of the business. True Wealth Design LLC grew its holdings in shares of Ovintiv by 3,180.0% during the third quarter. True Wealth Design LLC now owns 656 shares of the company's stock valued at $25,000 after purchasing an additional 636 shares during the last quarter. Colonial Trust Co SC acquired a new position in Ovintiv during the 4th quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB grew its stake in Ovintiv by 100.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 717 shares of the company's stock worth $29,000 after buying an additional 360 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Ovintiv by 71.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 805 shares of the company's stock worth $32,000 after buying an additional 335 shares during the period. Finally, Optiver Holding B.V. bought a new stake in Ovintiv in the fourth quarter valued at $40,000. Institutional investors own 83.81% of the company's stock.

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.