Ovintiv Inc (NYSE: OVV). Exceptional negative changes in fundamentals have recently occurred: the stock’s power rating fell below 50, significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
Significant negative changes in investment behavior have recently occurred for Ovintiv Inc (NYSE: OVV): the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, OVV is expected to continue to be an important Value Builder.
Ovintiv has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Ovintiv has a very high Appreciation Score of 88 but a neutral Power Rating of 46, with the Positive Value Trend Rating the result.
Recent Price Action
Ovintiv Inc (NYSE: OVV) stock declined slightly by -0.8% on 3/15/24. The stock closed at $50.46. Moreover, exceptionally high trading volume at 444% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months and has risen 2.6% during the last week.
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