Ovintiv (OVV) Fell This Week. Here is Why.
The share price of Ovintiv Inc. (NYSE:OVV) fell by 7.07% between September 26 and October 3, 2025, putting it among the Energy Stocks that Lost the Most This Week.
Ovintiv Inc. (NYSE:OVV) is a leading North American exploration and production company focused on developing its high-quality, multi-basin portfolio.
Ovintiv Inc. (NYSE:OVV) suffered a setback this week after JP Morgan analyst Arun Jayaram lowered the stock’s price target from $50 to $47, while maintaining an ‘Overweight’ rating on its shares. Additionally, the declining global crude oil prices over the last week also seem to have weighed the stock down.
However, Ovintiv Inc. (NYSE:OVV) continues to reward its shareholders and recently announced that it has received the necessary regulatory approvals for the renewal of its share buy-back program. The company intends to purchase up to 22.29 million common shares over the next year, representing 10% of its public float as of September 26, 2025.
While we acknowledge the potential of OVV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
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