Zacks Research Has Bearish Forecast for Ovintiv Q1 Earnings

Ovintiv Inc. (NYSE:OVV) – Equities research analysts at Zacks Research decreased their Q1 2027 earnings per share estimates for Ovintiv in a note issued to investors on Thursday, January 22nd. Zacks Research analyst Team now expects that the company will post earnings per share of $1.17 for the quarter, down from their previous estimate of $1.25. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv’s Q2 2027 earnings at $1.22 EPS, Q3 2027 earnings at $1.21 EPS, Q4 2027 earnings at $1.34 EPS and FY2027 earnings at $4.94 EPS.

Ovintiv (NYSE:OVV) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.86 billion. Ovintiv had a return on equity of 12.22% and a net margin of 2.64%.

A number of other brokerages have also recently commented on OVV. National Bankshares decreased their price target on Ovintiv from $66.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. Scotiabank increased their price objective on Ovintiv from $51.00 to $58.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. Roth Mkm initiated coverage on Ovintiv in a research note on Monday, October 13th. They set a “neutral” rating and a $42.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Ovintiv from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $47.00 target price on shares of Ovintiv in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold 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 $51.82.

Ovintiv Price Performance

OVV stock opened at $42.80 on Monday. The firm’s fifty day moving average is $39.69 and its 200 day moving average is $39.75. Ovintiv has a 52 week low of $29.80 and a 52 week high of $45.96. The firm has a market cap of $10.84 billion, a P/E ratio of 47.03, a P/E/G ratio of 2.44 and a beta of 0.76. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.45 and a current ratio of 0.45.

Ovintiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, December 15th. Ovintiv’s dividend payout ratio is 131.87%.

Insider Activity at Ovintiv

In other news, COO Gregory Dean Givens sold 50,000 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $40.33, for a total value of $2,016,500.00. Following the completion of the transaction, the chief operating officer owned 105,867 shares in the company, valued at $4,269,616.11. The trade was a 32.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OVV. Integrated Wealth Concepts LLC boosted its stake in shares of Ovintiv by 70.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 9,127 shares of the company’s stock worth $391,000 after buying an additional 3,788 shares during the last quarter. Great Lakes Advisors LLC purchased a new stake in Ovintiv during the first quarter valued at approximately $202,000. Focus Partners Wealth raised its holdings in Ovintiv by 49.3% in the 1st quarter. Focus Partners Wealth now owns 19,282 shares of the company’s stock worth $825,000 after purchasing an additional 6,364 shares during the period. Geneos Wealth Management Inc. lifted its position in Ovintiv by 47.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,830 shares of the company’s stock valued at $78,000 after purchasing an additional 589 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in Ovintiv by 0.8% during the second quarter. Public Employees Retirement System of Ohio now owns 86,630 shares of the company’s stock valued at $3,296,000 after purchasing an additional 666 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

About Ovintiv

Ovintiv Inc is a North American energy company focused on the exploration, development and production of oil, natural gas and natural gas liquids. Formerly known as Encana Corporation, the company rebranded as Ovintiv in January 2020 and established its headquarters in Denver, Colorado. Ovintiv’s upstream portfolio spans multiple unconventional resource plays, reflecting a strategy centered on high-return projects and disciplined capital allocation.

The company’s core business activities include the acquisition and development of acreage in major shale basins across the United States and Canada.