Ovintiv (OVV) Fell This Week. Here is Why.

Core Viewpoint - Ovintiv Inc. (NYSE:OVV) experienced a significant decline in share price, attributed to a lowered price target by JP Morgan and falling global crude oil prices [2][3]. Group 1: Stock Performance - The share price of Ovintiv Inc. fell by 7.07% between September 26 and October 3, 2025, making it one of the Energy Stocks that lost the most during that week [1]. - JP Morgan analyst Arun Jayaram reduced the stock's price target from $50 to $47 while maintaining an 'Overweight' rating [2]. Group 2: Company Actions - Ovintiv has received regulatory approvals for the renewal of its share buy-back program, intending to purchase up to 22.29 million common shares over the next year, which represents 10% of its public float as of September 26, 2025 [3].