Ovintiv reports after the market closes on November 3. Analysts expect third-quarter EPS of US$1.64, but estimates have fallen in recent weeks.
Ovintiv Inc. (TSX: OVV) is set to report results for the quarter ended September 30, 2026, after the market closes on November 3. Analysts’ current consensus is US$1.64 in EPS and US$2.22 billion in revenue. A month ago, the EPS estimate was US$2.14. Even after the decline, consensus points to year-over-year EPS growth of 59% and revenue growth of 7.4%. Investors will be watching whether the results and outlook support those expectations after a mixed quarter and a strong run in the share price.
Recent earnings trend
Ovintiv Inc
OVV.TO
OVV.TO
Ovintiv Inc
WealthAwesomeMarket cap
$28.06B
P/E
20.7x
Div. yield
1.20%
Div. / share
$1.20
52W high
$103.31
52W low
$49.00
1W change
+0.18%
Beta
0.66
Analyst Price Targets
Based on analyst covering OVV · as of Nov 2, 2026
Wall Street analysts forecast OVV stock price to fall 9.2% over the next 12 months.
Consensus
Moderately BearishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$92.14
-9.2% Upside
Previously C$92.15 on Oct 30, 2026
Current Price
C$101.46
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on OVV's historical volatility
30-Day Vol
30.4%
Annualized
90-Day Vol
33.3%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$121.30
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$107.68 | C$96.97 – C$119.58 |
| 60 trading days | C$114.29 | C$98.54 – C$132.55 |
| 90 trading days | C$121.30 | C$101.16 – C$145.44 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 16 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-03 | — | 2.0000 | — |
| 2026-06-30 | 2026-07-23 | 1.7400 | 1.9400 | -10.3% |
| 2026-03-31 | 2026-05-11 | 2.0000 | 1.8300 | +9.3% |
| 2025-12-31 | 2026-02-23 | 1.3900 | 1.0100 | +37.6% |
| 2025-09-30 | 2025-11-04 | 1.0300 | 0.9600 | +7.3% |
| 2025-06-30 | 2025-07-24 | 1.0200 | 1.0200 | +0.0% |
Investor takeaway: The outlook has some positives, but there are risks. Ovintiv beat EPS estimates in three of its last four reported quarters, though it missed in the latest one. Analysts still expect strong year-over-year earnings growth, but their EPS estimate has dropped over the past month, with more cuts than increases. Look at the reported results, revenue and management’s comments on operating conditions—not just the company’s past record of beating estimates.
US$1.64
That’s the current consensus EPS estimate for the September quarter, based on 16 analysts. It’s down from US$2.14 a month ago, but still implies 59% growth from EPS of US$1.03 a year earlier.
Bull case
Analysts still expect a substantial year-over-year increase in earnings, and Ovintiv has beaten estimates in three of its last four comparable quarters. Recent company coverage also pointed to higher full-year earnings estimates and a Zacks Strong Buy upgrade. The stock’s latest close of C$101.46 was above its 50-day and 200-day moving averages. Its reported 1.20% dividend yield also adds an income component.
Bear case
Ovintiv missed expectations in its most recent quarter, reporting EPS of US$1.74 against an estimate of US$1.94—a 10.31% shortfall. The current quarter’s consensus has also fallen from US$2.14 to US$1.64 in 30 days. Analysts made four downward revisions and one upward revision. Shares are near their 52-week high, while the average analyst target of C$92.14 is 9.2% below the latest close of C$101.46. That leaves less room for disappointment if results or guidance fall short.
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