Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Ovintiv Inc (NYSE: OVV) improved of late. OVV’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/7/25, Ovintiv Inc (NYSE: OVV) stock increased 1.5%, closing at $38.55. Moreover, above average trading volume at 133% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months and has declined -10.7% during the last week.
Current PriceTarget Research Rating
Ovintiv has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Ovintiv has a very high Appreciation Score of 93 but a neutral Power Rating of 44, producing the Positive Value Trend Rating.
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