What is Zacks Research’s Forecast for Ovintiv Q2 Earnings?

Ovintiv Inc. (TSE:OVV) – Investment analysts at Zacks Research lifted their Q2 2026 earnings per share (EPS) estimates for shares of Ovintiv in a report issued on Wednesday, May 27th. Zacks Research analyst Team now expects that the company will earn $1.93 per share for the quarter, up from their prior forecast of $0.95. 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 $2.00 EPS, Q4 2026 earnings at $2.16 EPS, FY2026 earnings at $8.85 EPS, Q1 2027 earnings at $1.61 EPS, Q2 2027 earnings at $2.01 EPS, Q3 2027 earnings at $1.92 EPS, FY2027 earnings at $7.47 EPS, Q1 2028 earnings at $2.39 EPS and FY2028 earnings at $9.74 EPS.

Ovintiv (TSE:OVV) last issued its earnings results on Monday, May 11th. The company reported C($3.27) earnings per share for the quarter. The business had revenue of C$3.52 billion during the quarter. Ovintiv had a net margin of 8.59% and a return on equity of 7.13%.

A number of other equities analysts also recently weighed in on the company. Truist Financial upgraded Ovintiv to a “strong-buy” rating in a report on Monday, March 23rd. Citigroup upgraded Ovintiv from a “hold” rating to a “strong-buy” rating and set a C$70.00 target price on the stock in a report on Wednesday, May 20th. Stephens upgraded Ovintiv to a “hold” rating in a report on Tuesday, February 3rd. TD Cowen upgraded Ovintiv to a “strong-buy” rating in a report on Monday, February 9th. Finally, Scotiabank upgraded Ovintiv from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Six research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Ovintiv has an average rating of “Buy” and an average target price of C$70.00.

Ovintiv Price Performance

Shares of OVV opened at C$76.96 on Friday. The company has a market capitalization of C$21.63 billion, a price-to-earnings ratio of 25.32, a P/E/G ratio of 0.05 and a beta of 0.58. Ovintiv has a fifty-two week low of C$48.94 and a fifty-two week high of C$86.86. The company has a debt-to-equity ratio of 66.59, a current ratio of 0.56 and a quick ratio of 0.51. The business’s 50-day moving average is C$79.76 and its 200-day moving average is C$66.68.

Ovintiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were issued a $0.30 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. Ovintiv’s dividend payout ratio is currently 39.47%.

Key Stories Impacting Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks Research raised its earnings estimates across multiple periods for Ovintiv, including FY2026 to $8.85 per share, FY2027 to $7.47, FY2028 to $9.74, and several quarterly forecasts, signaling stronger expected profitability ahead.
• Positive Sentiment: The most notable upward revisions were for near- to medium-term quarters such as Q2 2026, Q3 2026, Q4 2026, and Q1-Q3 2027, suggesting analysts see improved operating momentum rather than a one-off adjustment.
• Positive Sentiment: Ovintiv also received a consensus analyst rating of “Buy”, reinforcing a generally favorable Street view on the company’s outlook. Article Title
• Neutral Sentiment: The updates did not include any new operational results, guidance from management, or production news, so the stock’s move appears driven mainly by analyst sentiment and forecast changes rather than fresh company-specific fundamentals.

About Ovintiv

Ovintiv Inc is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the province of Alberta. Ovintiv’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin.