William Blair analyst Neal Dingmann has maintained their bullish stance on OVV stock, giving a Buy rating on January 26.
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Neal Dingmann has given his Buy rating due to a combination of factors that, in his view, position Ovintiv for attractive risk‑adjusted returns. He expects the company to post a solid fourth quarter with spending coming down while production holds roughly flat, leaving room for results to slightly exceed current expectations. Looking out to 2026, he anticipates meaningful production growth driven by the newly acquired Montney assets and ongoing operational efficiency, while the company stays committed to a strategy of stable overall volumes and disciplined capital deployment. He also sees the potential sale of the Midcontinent asset at an attractive valuation as a key catalyst that could both streamline the portfolio and unlock additional financial flexibility.
At the same time, Dingmann emphasizes Ovintiv’s strong cost management and improving price realizations as central to his positive stance. He projects better capture of benchmark gas prices and continued high oil realizations relative to WTI, contributing to robust free cash flow generation. With upstream operating costs expected to remain low and under control, he believes Ovintiv can sustain healthy margins even in a volatile commodity environment. Combined with the likely resumption—and possible expansion—of share repurchases following a Midcontinent sale and the smooth integration of recent acquisitions, these factors support his conclusion that Ovintiv’s shares offer compelling upside, justifying his Buy recommendation.
According to TipRanks, Dingmann is a 2-star analyst with an average return of 0.1% and a 44.44% success rate. Dingmann covers the Energy sector, focusing on stocks such as APA, Ovintiv, and Diversified Energy Company.
In another report released on January 26, Siebert Williams Shank & Co also maintained a Buy rating on the stock with a $52.00 price target.