OVV
Ovintiv Inc. Energy - Oil & Gas E&P Investor Relations →
Ovintiv Inc. (OVV) closed at $46.53 as of 2026-02-02, trading 11.6% above its 200-week moving average of $41.70. The stock moved further from the line this week, up from 4.2% last week. With a 14-week RSI of 70, OVV is in overbought territory.
Over the past 1195 weeks of data, OVV has crossed below its 200-week moving average 19 times. On average, these episodes lasted 30 weeks. The average one-year return after crossing below was -1.6%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $13.2 billion, OVV is a large-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 2.3%. The stock trades at 1.1x book value.
Over the past 23 years, a hypothetical investment of $100 in OVV would have grown to $184, compared to $1244 for the S&P 500. OVV has returned 2.7% annualized vs 11.6% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -4.1% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: OVV vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After OVV Crosses Below the Line?
Across 19 historical episodes, buying OVV when it crossed below its 200-week moving average produced an average return of -6.7% after 12 months (median -5.0%), compared to +8.7% for the S&P 500 over the same periods. 31% of those episodes were profitable after one year. After 24 months, the average return was -18.5% vs +24.1% for the index.
Each line shows $100 invested at the moment OVV crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
OVV has crossed below its 200-week MA 19 times with an average 1-year return of +-1.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 2008 | May 2009 | 33 | 29.9% | +61.2% | -30.5% |
| Jun 2009 | Sep 2009 | 12 | 14.6% | +30.1% | -48.5% |
| Nov 2009 | Dec 2009 | 4 | 48.1% | +4.1% | -50.8% |
| Aug 2010 | Sep 2010 | 7 | 7.7% | -8.3% | -52.3% |
| Oct 2010 | Jan 2011 | 12 | 8.2% | -21.9% | -50.8% |
| Jun 2011 | Jun 2011 | 1 | 4.1% | -28.6% | -54.1% |
| Jul 2011 | Mar 2014 | 140 | 38.7% | -24.6% | -54.6% |
| Oct 2014 | Oct 2017 | 160 | 80.1% | -54.5% | -39.5% |
| Nov 2017 | Dec 2017 | 5 | 5.9% | -35.4% | -3.8% |
| Jan 2018 | Apr 2018 | 10 | 11.6% | -40.1% | -1.4% |
| Oct 2018 | May 2021 | 135 | 94.2% | -50.7% | +32.7% |
| Jun 2021 | Jun 2021 | 1 | 6.7% | +65.8% | +81.9% |
| Jul 2021 | Sep 2021 | 9 | 22.2% | +60.7% | +99.6% |
| Sep 2024 | Sep 2024 | 1 | 1.0% | +15.9% | +25.9% |
| Oct 2024 | Nov 2024 | 1 | 1.3% | -0.8% | +24.0% |
| Dec 2024 | Dec 2024 | 2 | 5.7% | +1.2% | +26.9% |
| Mar 2025 | Mar 2025 | 2 | 6.3% | N/A | +24.4% |
| Mar 2025 | Jun 2025 | 10 | 20.3% | N/A | +44.4% |
| Jun 2025 | Jan 2026 | 31 | 14.2% | N/A | +22.9% |
| Average | 30 | — | +-1.6% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02