Recent significant negative changes in fundamentals have impacted Ovintiv Inc (NYSE: OVV): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and significant quarterly sales deceleration occurred.
Ovintiv Inc (NYSE: OVV) suffers from exceptional negative changes in investment behavior: negative upside/downside volume developed, and the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Ovintiv has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Ovintiv has a good Appreciation Score of 78 but a slightly negative Power Rating of 36, with the Neutral Value Trend Rating the result.
Recent Price Action
Ovintiv Inc (NYSE: OVV) stock declined slightly by -0.7% on 4/7/25. The stock closed at $32.71. Moreover, this decline was accompanied by exceptionally high trading volume at 215% of normal. The stock has performed in line with the market over the last nine months and has declined -22.5% during the last week.
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