Extremely important negative changes in fundamentals have recently occurred for Ovintiv Inc (NYSE: OVV): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2025 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.
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 very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Ovintiv has a very high Appreciation Score of 91 but a very low Power Rating of 11, and the Neutral Value Trend Rating results.
Recent Price Action
Ovintiv Inc (NYSE: OVV) stock declined slightly by -0.8% on 11/19/24. The stock closed at $44.60. Trading volume in this decline was normal. The stock has been weak relative to the market over the last nine months but has risen 4.5% during the last week.
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