Investment analysts at Zacks Research have revised their earnings estimates for Ovintiv Inc. (TSE:OVV), lowering their projection for the third quarter of 2026. In a research note published on December 29, 2026, the firm now anticipates that Ovintiv will report earnings of C$1.26 per share for the quarter, down from an earlier estimate of C$1.28.
The consensus estimate for Ovintiv’s full-year 2026 earnings stands at C$5.66 per share. Zacks also provided forecasts for the company’s subsequent quarterly earnings, projecting C$1.71 per share for Q1 2027, C$1.72 for Q2 2027, and C$1.72 for Q3 2027. Full-year earnings for 2027 are expected to reach C$7.07 per share.
In its most recent earnings announcement on November 4, 2026, Ovintiv reported earnings of C$0.57 per share for the quarter, achieving a return on equity of 19.62% and a net margin of 20.34%. The company generated revenue of C$2.88 billion during this period.
Analyst sentiment towards Ovintiv has been mixed recently. Wells Fargo & Company upgraded the stock to a “hold” rating on October 17, 2026, while William Blair issued a “strong-buy” rating on November 26, 2026. Additionally, Royal Bank of Canada raised its rating from “hold” to “moderate buy” on October 15, 2026, and Roth Capital also upgraded the stock to “hold” on October 13, 2026. Currently, five analysts have rated the stock as a Strong Buy, one as Buy, and two as Hold, resulting in a consensus rating of “Buy,” according to data from MarketBeat.
As of Thursday, shares of Ovintiv opened at C$53.79. The stock has fluctuated within a twelve-month range, reaching a low of C$42.35 and a high of C$66.67. Key financial ratios include a current ratio of 0.52, a quick ratio of 0.51, and a debt-to-equity ratio of 63.59. The company has a market capitalization of C$13.62 billion, with a price-to-earnings ratio of 57.84.
In addition to the earnings forecasts, Ovintiv recently declared a quarterly dividend of C$0.30 per share, paid on December 31, 2026. Shareholders recorded on this date received a total dividend of C$1.20 on an annualized basis, reflecting a dividend yield of 2.2%. The company’s payout ratio currently stands at 129.03%.
Overall, the adjustments to earnings estimates and the mixed analyst ratings reflect ongoing developments in the energy sector, which may impact Ovintiv’s performance in the coming quarters.
