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Ovintiv ( (OVV) ) has issued an announcement.
On January 28, 2026, NuVista Energy and Ovintiv announced that the Government of Canada had approved Ovintiv’s previously disclosed stock-and-cash acquisition of NuVista under the Investment Canada Act, following earlier clearance under the Competition Act (Canada), approval by the Court of King’s Bench of Alberta and a favorable shareholder vote by NuVista investors on January 23, 2026. With all key regulatory and court approvals in place, the transaction is expected to close on or about February 3, 2026, subject to customary closing conditions, marking a significant step toward consolidating Ovintiv’s Canadian upstream portfolio and potentially reshaping the competitive landscape for stakeholders in the region’s oil and gas industry.
The most recent analyst rating on (OVV) stock is a Buy with a $52.00 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.
The score is driven primarily by mixed financial performance (declining revenue and free cash flow growth despite solid margins and moderate leverage). Technicals add support with price above key moving averages and positive momentum. Earnings-call guidance and M&A strategy are constructive but carry execution and near-term shareholder return trade-offs (paused buybacks). Valuation is a notable headwind due to the high P/E despite a moderate dividend yield.
To see Spark’s full report on OVV stock, click here.
More about Ovintiv
Ovintiv Inc. is a North American oil and gas producer with operations in Canada through its wholly owned subsidiary Ovintiv Canada ULC, while NuVista Energy Ltd. is a Calgary-based Canadian energy company focused on exploration and production, both operating within the upstream energy sector and listed on major North American stock exchanges.
Average Trading Volume: 3,562,454
Technical Sentiment Signal: Strong Buy
Current Market Cap: $10.47B
See more insights into OVV stock on TipRanks’ Stock Analysis page.