Investment analysts at Zacks Research have revised their earnings per share (EPS) estimates for Ovintiv Inc. (TSE:OVV) for the third quarter of 2026. In a research note issued on December 29, analysts lowered their forecast from $1.28 to $1.26 per share. This adjustment comes as part of a broader evaluation of Ovintiv’s financial performance.
The consensus estimate for the company’s full-year earnings now stands at $5.66 per share. Zacks Research has also provided earnings projections for subsequent quarters, estimating $1.71 for Q1 2027, $1.72 for Q2 2027, and $1.72 for Q3 2027, with a fiscal year estimate of $7.07 for 2027.
In its last earnings announcement on November 4, Ovintiv reported earnings of C$0.57 per share for the previous quarter. The company achieved a return on equity of 19.62% and a net margin of 20.34%, with total revenues of C$2.88 billion during that period.
Several financial institutions have recently updated their ratings for Ovintiv. Wells Fargo & Company moved its rating to “hold” on October 17, while William Blair upgraded it to “strong-buy” on November 26. The Royal Bank of Canada also elevated its rating from “hold” to “moderate buy” on October 15. Furthermore, Roth Capital classified the stock as “hold” on October 13. Currently, the stock enjoys a consensus rating of “buy” from analysts, with five rating it as a strong buy, one as a buy, and two as hold.
Ovintiv’s Stock Performance
As of Thursday, Ovintiv’s stock opened at C$53.79. Over the past year, the stock has fluctuated between a low of C$42.35 and a high of C$66.67. Key financial ratios show a current ratio of 0.52, a quick ratio of 0.51, and a debt-to-equity ratio of 63.59. The company’s market capitalization is approximately C$13.62 billion, with a price-to-earnings ratio of 57.84.
In addition to earnings estimates, Ovintiv recently declared a quarterly dividend of $0.30 per share, which was distributed on December 31. Shareholders on record as of the ex-dividend date of December 15 received this payment. This dividend represents an annualized payout of $1.20 and a yield of 2.2%. Notably, Ovintiv’s current payout ratio stands at a high 129.03%, indicating a significant commitment to returning value to shareholders.
Latest Developments
This week, Zacks Research provided further insights into the company’s financial outlook, cutting its FY2027 EPS forecast to $7.07 from $7.23 and adjusting Q1 2027 down to $1.71 from $1.74. Additional downward revisions include Q2 2027 estimates falling from $1.76 to $1.72, and Q3 2026 estimates adjusting from $1.28 to $1.26.
About Ovintiv
Ovintiv Inc. is a prominent North American exploration and production company, dedicated to developing a diverse portfolio across multiple basins. The company prioritizes the safe production of crude oil and natural gas, contributing to the modern economy while aiming to generate sustained value for its shareholders and positively impact the communities in which it operates.
