Ovintiv Inc (NYSE: OVV) has reported earnings for its third fiscal quarter (ending September 30) of $1.93 versus $1.48 for the same period a year ago — an increase of 30%. For the latest four quarters through September 30, E.P.S. were $7.59 versus $10.19 for the same period a year ago — a decline of -26%.
Recent Price Action
Ovintiv Inc (NYSE: OVV) stock declined modestly by -1.0% on 11/7/24. The stock closed at $41.55. Trading volume in this decline was normal. The stock has been weak relative to the market over the last nine months but has risen 5.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, OVV is expected to continue to be an important Value Builder.
Ovintiv has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Ovintiv has a very high Appreciation Score of 92 but a very low Power Rating of 11, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment