Zacks Research Brokers Lift Earnings Estimates for Ovintiv

Ovintiv Inc. (NYSE:OVV) – Investment analysts at Zacks Research boosted their Q2 2026 earnings per share estimates for shares of Ovintiv in a research note issued on Tuesday, March 18th. Zacks Research analyst R. Department now expects that the company will post earnings of $1.20 per share for the quarter, up from their previous 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.

OVV has been the topic of several other research reports. Williams Trading set a $58.00 price target on shares of Ovintiv in a research note on Wednesday, March 5th. Truist Financial increased their target price on shares of Ovintiv from $59.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Mizuho reduced their price target on Ovintiv from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. National Bankshares upped their price target on Ovintiv from $51.00 to $56.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, Barclays raised their price objective on Ovintiv from $57.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $56.78.

Ovintiv Trading Down 1.4 %

NYSE:OVV opened at $41.52 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market capitalization of $10.81 billion, a P/E ratio of 5.51 and a beta of 2.55. The stock’s 50 day moving average price is $42.80 and its 200 day moving average price is $41.79. Ovintiv has a 52 week low of $36.62 and a 52 week high of $55.95.

Ovintiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.89%. Ovintiv’s payout ratio is 28.57%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Pacer Advisors Inc. raised its holdings in Ovintiv by 11,282.4% in the 3rd quarter. Pacer Advisors Inc. now owns 6,543,648 shares of the company’s stock valued at $250,687,000 after acquiring an additional 6,486,159 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Ovintiv by 1,732.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,387,923 shares of the company’s stock worth $137,134,000 after purchasing an additional 3,203,087 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Ovintiv by 1,577.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,458,881 shares of the company’s stock valued at $99,587,000 after purchasing an additional 2,312,292 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of Ovintiv by 243.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,564,698 shares of the company’s stock valued at $103,870,000 after purchasing an additional 1,818,337 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Ovintiv by 69.7% in the fourth quarter. AQR Capital Management LLC now owns 3,283,743 shares of the company’s stock worth $132,992,000 after purchasing an additional 1,348,221 shares during the period. Institutional investors and hedge funds 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.