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The latest announcement is out from Ovintiv ( (OVV) ).
On January 23, 2026, NuVista Energy shareholders overwhelmingly approved, with about 99% of votes cast in favor, a previously announced stock-and-cash acquisition by Ovintiv Inc., and the Court of King’s Bench of Alberta granted the final order required to advance the transaction under Alberta corporate law. The deal, structured as a plan of arrangement first agreed on November 4, 2025, now awaits remaining customary closing conditions, including Investment Canada Act approval, and preliminary election results show shareholders who chose all-cash consideration will receive it in full, while those opting for all-share or mixed consideration will receive varying cash–share splits due to proration limits, shaping the ultimate balance between cash outlay and equity issuance for Ovintiv and determining how NuVista investors participate in the combined company’s future performance.
The most recent analyst rating on (OVV) stock is a Buy with a $55.00 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 balance between strong strategic initiatives and current financial challenges. The positive impact of the NuVista acquisition and efficiency improvements is tempered by bearish technical indicators and high valuation concerns.
To see Spark’s full report on OVV stock, click here.
More about Ovintiv
Ovintiv Inc. is a North American oil and gas producer listed on the NYSE and TSX that focuses on the exploration and development of unconventional natural gas, oil and natural gas liquids resources, with operations that include a significant presence in Canada through its wholly owned subsidiary Ovintiv Canada ULC. NuVista Energy Ltd., listed on the TSX, is a Canadian oil and gas company based in Calgary, Alberta, with assets that complement Ovintiv’s portfolio in the Western Canadian energy sector.
Average Trading Volume: 3,459,754
Technical Sentiment Signal: Buy
Current Market Cap: $10.02B
Find detailed analytics on OVV stock on TipRanks’ Stock Analysis page.