Ovintiv Appoints Steven Nance as New Board Chairman Amidst Leadership Transition and Financial Challenges

Ovintiv has announced Peter Dea's retirement as Chairman of the Board, with Steven Nance taking his place. The company operates in the energy sector and faces financial challenges, including a distress-level Altman Z-Score and declining revenue per share. Ovintiv's valuation metrics indicate a potentially overvalued stock, with a P/E ratio of 42.91, close to its 5-year high. Analyst sentiment is cautiously optimistic with a target price of $54.06 and a recommendation score of 1.9.