OVV Stock Summary and Trading Ideas (Ovintiv (De) | NYSE:OVV)

Ovintiv Inc is a North American oil and natural gas exploration and production company that is focused on developing its multi-basin portfolio of high-quality assets located in the United States and Canada. Its operations also include the marketing of oil, NGLs and natural gas. The company has two operating segments: USA Operations, and Canadian Operations. The USA Operations include the exploration for, development of, and production and marketing of oil, NGLs, natural gas and other related activities within the United States. The Canadian Operations include the exploration for, development of, and production and marketing of oil, NGLs, natural gas and other related activities within Canada.

Ovintiv (De) trades on the NYSE stock market under the symbol OVV.

As of March 3, 2025, OVV stock price declined to $39.67 with 3,740,425 million shares trading.

OVV has a beta of 0.88, meaning it tends to be less sensitive to market movements. OVV has a correlation of 0.11 to the broad based SPY ETF.

OVV has a market cap of $10.33 billion. This is considered a Large Cap stock.

Last quarter Ovintiv (De) reported $2 billion in Revenue and $1.35 earnings per share. This beat revenue expectation by $49 million and exceeded earnings estimates by $.19.

In the last 3 years, OVV traded as high as $63.30 and as low as $32.07.

The top ETF exchange traded funds that OVV belongs to (by Net Assets): COWZ, IJH, VTI, VB, VBR.

OVV has underperformed the market in the last year with a price return of -14.6% while the SPY ETF gained +16.7%. OVV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -12.1% and -10.1%, respectively, while the SPY returned -2.2% and -4.3%, respectively.

OVV support price is $42.40 and resistance is $44.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OVV shares will trade within this expected range on the day.