Some Investing Thoughts On Ovintiv Inc (NYSE: OVV)

Ovintiv Inc (OVV) concluded trading on Thursday at a closing price of $39.99, with 6.02 million shares of worth about $240.76 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.62% during that period and on July 24, 2025 the price saw a gain of about 1.32%. Currently the company’s common shares owned by public are about 261.10M shares, out of which, 258.54M shares are available for trading.

Stock saw a price change of -0.07% in past 5 days and over the past one month there was a price change of 3.41%. Year-to-date (YTD), OVV shares are showing a performance of -14.51% which decreased to -1.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $29.80 but also hit the highest price of $48.35 during that period. The average intraday trading volume for Ovintiv Inc shares is 3.71 million. The stock is currently trading 0.31% above its 20-day simple moving average (SMA20), while that difference is up 2.69% for SMA50 and it goes to -0.77% lower than SMA200.

Ovintiv Inc (NYSE: OVV) currently have 261.10M outstanding shares and institutions hold larger chunk of about 89.66% of that.

The stock has a current market capitalization of $10.39B and its 3Y-monthly beta is at 1.11. PE ratio of stock for trailing 12 months is 17.04, while it has posted earnings per share of $2.35 in the same period. Its PEG reads 3.09 and has Quick Ratio of 0.43 while making debt-to-equity ratio of 0.67. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OVV, volatility over the week remained 2.38% while standing at 2.75% over the month.

Stock’s fiscal year EPS is expected to drop by -33.26% while it is estimated to increase by 45.12% in next year. EPS is likely to shrink at an annualized rate of 5.52% for next 5-years, compared to annual growth of 36.26% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on July 01, 2025 offering a Buy rating for the stock and assigned a target price of $51 to it. Coverage by Morgan Stanley stated Ovintiv Inc (OVV) stock as an Overweight in their note to investors on March 26, 2025, suggesting a price target of $57 for the stock. On March 24, 2025, BMO Capital Markets Upgrade their recommendations, while on January 13, 2025, BofA Securities Upgrade their ratings for the stock with a price target of $54. Stock get an Outperform rating from Wolfe Research on July 18, 2024.

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