What is Zacks Research’s Estimate for Ovintiv Q1 Earnings?

Ovintiv Inc. (NYSE:OVV) – Zacks Research cut their Q1 2026 EPS estimates for Ovintiv in a research note issued to investors on Tuesday, February 3rd. Zacks Research analyst Team now expects that the company will post earnings of $0.83 per share for the quarter, down from their previous forecast of $0.84. Zacks Research has a “Strong Sell” 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 Q4 2026 earnings at $0.96 EPS, FY2026 earnings at $3.56 EPS, Q1 2027 earnings at $1.18 EPS, Q2 2027 earnings at $1.20 EPS, Q3 2027 earnings at $1.19 EPS, Q4 2027 earnings at $1.35 EPS and FY2027 earnings at $4.95 EPS.

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

Several other equities analysts have also commented on the company. UBS Group reaffirmed a “buy” rating on shares of Ovintiv in a report on Thursday, January 22nd. Roth Mkm initiated coverage on Ovintiv in a research report on Monday, October 13th. They set a “neutral” rating and a $42.00 price objective for the company. Stephens upgraded Ovintiv to a “hold” rating in a research note on Tuesday. Evercore ISI reiterated an “outperform” rating and issued a $47.00 target price on shares of Ovintiv in a research note on Thursday, November 6th. Finally, Wells Fargo & Company upped their price target on shares of Ovintiv from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.06.

Ovintiv Price Performance

OVV opened at $44.08 on Wednesday. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 48.44, a price-to-earnings-growth ratio of 2.38 and a beta of 0.78. Ovintiv has a fifty-two week low of $29.80 and a fifty-two week high of $45.96. The company’s 50-day moving average price is $40.11 and its 200 day moving average price is $39.85. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.43.

Insider Transactions at Ovintiv

In other news, COO Gregory Dean Givens sold 50,000 shares of the 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 of the company’s stock, valued at approximately $4,269,616.11. This represents a 32.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Ovintiv

Institutional investors have recently bought and sold shares of the stock. McIlrath & Eck LLC acquired a new position in Ovintiv during the 3rd quarter valued at about $31,000. IFP Advisors Inc lifted its stake in shares of Ovintiv by 316.7% in the 2nd quarter. IFP Advisors Inc now owns 846 shares of the company’s stock worth $32,000 after acquiring an additional 643 shares during the period. Foster Dykema Cabot & Partners LLC bought a new position in shares of Ovintiv in the third quarter valued at approximately $36,000. HM Payson & Co. bought a new position in shares of Ovintiv in the third quarter valued at approximately $36,000. Finally, Quent Capital LLC acquired a new position in shares of Ovintiv during the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Ovintiv News Summary

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: National Bankshares raised its price target on OVV to $56 and kept an “outperform” rating, implying ~27% upside from the cited $44.08 price — a clear bullish analyst signal. BayStreet article TickerReport
• Positive Sentiment: Ovintiv announced completion of the C$2.7 billion NuVista acquisition, expanding its Alberta Montney position — a strategic growth move that increases scale and resource exposure in a core basin. PR Newswire: NuVista closing
• Neutral Sentiment: Stephens initiated coverage (Equal Weight / Hold), noting operational strengths and attractive valuation — a balanced view that supports the thesis but is not strongly bullish. Seeking Alpha: Stephens
• Neutral Sentiment: Post‑move valuation checks and commentary highlight mixed signals on undervaluation vs. momentum — useful context for investors but not a direct buy/sell trigger. Yahoo Finance valuation piece
• Negative Sentiment: Zacks Research downgraded OVV to “Strong Sell” and published multiple near‑term EPS cuts (Q1–Q4 2026 & parts of 2027) even as it tweaked some later‑year estimates — the downgrade from a visible research shop is a clear negative for sentiment. Zacks Research

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.