Zacks Research Has Positive Forecast for Ovintiv Q2 Earnings

Ovintiv Inc. (TSE:OVV - Free Report) - Equities researchers at Zacks Research raised their Q2 2026 earnings per share estimates for Ovintiv in a report released on Tuesday, March 18th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $1.72 for the quarter, up from their prior estimate of $1.42. The consensus estimate for Ovintiv's current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv's Q3 2026 earnings at $1.89 EPS.

Separately, Scotiabank upgraded shares of Ovintiv to a "strong-buy" rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Strong Buy" and an average price target of C$68.00.

Ovintiv Stock Up 1.6 %

Shares of OVV stock traded up C$0.98 during trading hours on Friday, reaching C$62.57. 129,176 shares of the stock were exchanged, compared to its average volume of 162,185. The business's fifty day moving average is C$61.32 and its two-hundred day moving average is C$58.96. The firm has a market capitalization of C$11.38 billion, a P/E ratio of 5.74, a P/E/G ratio of 0.05 and a beta of 2.63. Ovintiv has a 12-month low of C$49.74 and a 12-month high of C$76.63. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.52 and a quick ratio of 0.51.

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Ovintiv Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, March 14th. Ovintiv's dividend payout ratio (DPR) is presently 14.85%.

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.