Zacks Research Has Optimistic Outlook of Ovintiv Q2 Earnings

Ovintiv Inc. (TSE:OVV) – Zacks Research raised their Q2 2026 earnings estimates for Ovintiv in a research note issued on Tuesday, March 18th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $1.72 for the quarter, up from their prior forecast 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 research report on Wednesday. One investment analyst has rated the stock with a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy” and an average price target of C$68.00.

Ovintiv Stock Down 1.2 %

Ovintiv stock opened at C$59.60 on Friday. Ovintiv has a 1-year low of C$49.74 and a 1-year 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. The stock’s 50 day moving average price is C$61.41 and its 200 day moving average price is C$58.90. The company has a market cap of C$10.84 billion, a PE ratio of 5.46, a price-to-earnings-growth ratio of 0.05 and a beta of 2.63.

Ovintiv Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.01%. Ovintiv’s dividend payout ratio (DPR) is 14.85%.

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.