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OVV

OvintivB
NYSE / Energy
Last Price
At close
2026-06-02
View Chart
Current thesis
The bull case is that Ovintiv is generating robust cash flow even through a quarter with a GAAP loss, while production landed at the high end of guidance and the company used asset-sale proceeds to de-lever, redeem debt, and resume buybacks. If that cleaner balance sheet plus disciplined capex persist, the equity can drift toward a higher-quality cash-return multiple.
Posture
Constructive
Lead driver
Momentum
What changed
7 setup hits (3d) with net bullish as of 2026-06-02.
What can break
2026 execution must keep production inside the 620-645 MBOE/d range while holding capital investment to $2.25B-$2.35B.
Momentum
69
Value
67
Sentiment
48
Setup hits (3d)
7 · Net Bullish
AI TargetsBase $54.00 · Bull $67.00 · Bear $42.00
Data freshness
Prices
As of 2026-06-02
Fundamentals
As of 2026-06-01 • Vendor: Data Vendor v1
Scores
As of 2026-06-02 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-28 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-06-02
Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Bullish
Target $56.64
Why
Momentum69 · Δ7d +19.8
Value67 · Δ7d -0.2
Sentiment48 · Δ7d -7.4
So what
Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.
Lead driver: Momentum · See technicals
Momentum
69
34% active weight
Current posture
7d trendFlat
Δ7d
+19.8
Δ21d
+18.4
Value
67
32% active weight
Current posture
7d trendFlat
Δ7d
-0.2
Δ21d
-0.3
Sentiment
48
33% active weight
Current posture
7d trendSoftening
Δ7d
-7.4
Δ21d
+5.0
Why this grade

Composite grade B. Momentum 69.4 / Value 67.0 / Sentiment 48.1

Fundamentals (TTM)
As of 2026-06-01
Market Cap
$16.34B
Beta
0.79
Shares Out
253.26M
P/E (TTM)
42.5
P/S (TTM)
1.10
P/FCF (TTM)
8.37
Rev YoY
-11.1%
EPS YoY
-70.1%
Gross Margin
+70.2%
Op Margin
+7.8%
Net Debt
$5.43B
Current Ratio
0.45
As of 2026-06-02 • Updated nightlySource: Internal modelMethodology