Should You Buy Ovintiv Stock Amid Attractive Valuation or Hold?

Ovintiv Inc. (OVV) is currently considered undervalued, trading at a 3.37x trailing 12-month enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), which is below the broader industry average of 4.58x. Image Source: Zacks Investment Research Ovintiv makes money by finding, extracting and selling oil and natural gas, as well as transporting and processing these resources. While a discounted valuation can indicate a buying opportunity, this is important to assess wheth ...