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Ovintiv (OVV)

(Delayed Data from NYSE)

$41.61 USD

41.61
1,732,581

+1.11 (2.74%)

Updated Jan 2, 2025 04:00 PM ET

After-Market: $41.70 +0.09 (0.22%) 7:36 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.35%
2Buy18.11%
3Hold9.74%
4Sell5.34%
5Strong Sell2.80%
S&P50011.41%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value C Growth A Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 23% (191 out of 248)

Industry: Oil and Gas - Exploration and Production - Canadian

Zacks News

Cheniere Begins LNG Production at Corpus Christi Stage 3 Project

Production begins at LNG's Corpus Christi Stage 3, with Train 1 ahead of schedule for substantial completion by first-quarter 2025.

Petrobras Launches SNOX Emission Reduction Unit at Abreu e Lima

PBR launches SNOX unit at Abreu e Lima refinery, raising processing capacity and cutting sulfur oxide emissions in Brazil.

Shell Halts Oil Processing at Pulau Bukom for Leak Investigation

SHEL halts operations at its Pulau Bukom refinery in Singapore due to a suspected oil leak, ensuring minimal environmental impact.

Should You Invest in the First Trust Energy AlphaDEX ETF (FXN)?

Sector ETF report for FXN

Do Options Traders Know Something About Ovintiv (OVV) Stock We Don't?

Investors need to pay close attention to Ovintiv (OVV) stock based on the movements in the options market lately.

ProPetro Secures Term Contract to Provide Electric Frac Services

PUMP secures a term contract to provide electric hydraulic fracturing services to a major Permian operator, expanding its FORCE fleet and mobile power generation.

Petrobras & Constellation Team Up for Offshore Drilling Work in Brazil

PBR partners with Constellation for a $528 million deal to deploy the Amaralina Star drillship offshore Brazil, enhancing operations in key oil fields.

Here's Why Ovintiv (OVV) Could be Great Choice for a Bottom Fisher

Ovintiv (OVV) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Chevron Secures Long-Term Gas Supply Deal With Alcoa in Australia

CVX's unit signs a long-term gas deal with Alcoa, providing 130 petajoules over 10 years supporting Western Australia's energy infrastructure.

PBR Awards $2.8B Contracts for 12 New PSVs to Bram Offshore & Starnav

Petrobras invests $2.8 billion in 12 new platform supply vessels, focusing on hybrid technology, local jobs and eco-friendly operations.

FANG Teams With Halliburton & VoltaGrid to Deploy Electric Frac Fleets

Diamondback, Halliburton and VoltaGrid collaborate to deploy electric simul-frac fleets in the Permian Basin, enhancing efficiency and reducing emissions.

Chevron Expands Pasadena Refinery Capacity, Boosting Gulf Coast Supply

CVX expands its Pasadena refinery, increasing processing capacity by 15%, enhancing product flexibility and boosting domestic supply.

ProPetro Stock Rises 18% After the Introduction of ProPWR Subsidiary

ProPetro launches ProPWR, its new subsidiary for mobile power generation, with a $122 million investment and 110 megawatts order to support growing energy demand.

Shell Awards $1.98 Billion Contracts to Nigeria's Local Firms in 2023

SHEL boosts Nigeria's energy sector with $1.98 billion in contracts awarded to local firms in 2023, supporting business growth amid shifting operations.

Petrobras Cuts $1.1B in Spending on Platform Decommissioning Plans

PBR cuts $1.1 billion from the decommissioning budget of its platforms for 2025-2029, signaling a shift toward platform revitalization.

Canadian Natural Finalizes Acquisition of Chevron's Alberta Assets

CNQ completes acquisition of Chevron Canada's Alberta assets, strengthening its position in the oil sands and natural gas sectors.

Petrobras & Ecopetrol Announce Colombia's Biggest Ever Gas Discovery

PBR and Ecopetrol unveil Colombia's largest-ever natural gas reserve at the Sirius-2 well, marking a turning point for the country's energy sector.

Halliburton Launches Intelli Suite to Enhance Well Performance

HAL launches the Intelli suite to enhance well diagnostics, offering innovative solutions for increased production and reduced costs in oil and gas operations.

Wall Street Analysts Predict a 32.91% Upside in Ovintiv (OVV): Here's What You Should Know

The consensus price target hints at a 32.9% upside potential for Ovintiv (OVV). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Are Investors Undervaluing Ovintiv (OVV) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should You Buy Ovintiv Stock Amid Attractive Valuation or Hold?

OVV's solid free cash flow and drilling efficiency boost its appeal, but commodity price volatility and high transportation costs pose risks to future profits.

Ovintiv's Q3 Earnings Beat Estimates, Revenues Down 12% Y/Y

OVV expects capital expenditure in the range of $525-$575 million for the fourth quarter of 2024 and between $2.28 billion and $2.33 billion for the full year.

Ovintiv's Twin Deals: What Are the Key Takeaways for Investors?

OVV acquires premium Montney assets and sells Uinta holdings, boosting its oil production capacity and strengthening cash flows.

Zacks Industry Outlook Highlights Canadian Natural Resources, Ovintiv and Baytex

Canadian Natural Resources, Ovintiv and Baytex have been highlighted in this Industry Outlook article.

Nilanjan Choudhury headshot

Drilling Deep Into the Canadian Upstream Industry: What to Expect?

Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - Canadian industry, we advise focusing on companies like CNQ, OVV and BTE.