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Ovintiv ( (OVV) ) has provided an update.
On November 4, 2025, Ovintiv Inc. announced a definitive agreement to acquire NuVista Energy Ltd. in a stock-and-cash transaction valued at approximately $2.7 billion. This acquisition is expected to significantly enhance Ovintiv’s position in the Alberta Montney region by adding approximately 140,000 net acres and 100,000 barrels of oil equivalent per day to its portfolio. The transaction is anticipated to be immediately accretive across key financial metrics and generate annual synergies of about $100 million. Additionally, Ovintiv plans to divest its Anadarko assets by the end of 2026 to accelerate debt reduction, aiming to achieve a Non-GAAP Net Debt target of $4 billion, which will enable increased share buybacks.
The most recent analyst rating on (OVV) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on Ovintiv stock, see the OVV Stock Forecast page.
Spark’s Take on OVV Stock
According to Spark, TipRanks’ AI Analyst, OVV is a Neutral.
Ovintiv’s overall stock score reflects a mixed outlook. The company’s strong earnings call performance and fair valuation are offset by bearish technical indicators and concerns over declining profitability and liquidity. While operational improvements and debt reduction are positive, market exposure and pricing pressures pose risks.
To see Spark’s full report on OVV stock, click here.
More about Ovintiv
Ovintiv Inc. is a company operating in the energy sector, focusing on the exploration and production of oil and natural gas. It has a significant presence in the Montney region, known for its oil-rich resources, and is involved in strategic acquisitions and divestitures to optimize its asset portfolio and enhance shareholder value.
Average Trading Volume: 2,957,927
Technical Sentiment Signal: Sell
Current Market Cap: $9.65B
See more data about OVV stock on TipRanks’ Stock Analysis page.