Evercore ISI raised the firm’s price target on Ovintiv (OVV) to $47 from $43 and keeps an Outperform rating on the shares. The company’s recent Q3 performance exceeded expectations, and the strategic Montney expansion is set to redefine its growth narrative, the analyst tells investors in a research note. The firm added that the surprise takeover of NuVista is poised to enhance cash flow metrics and streamline the portfolio.
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Read More on OVV:
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- Ovintiv Inc. Reports Strong Q3 2025 Results
- Ovintiv’s Strategic Acquisition of NuVista Energy Bolsters Montney Position and Enhances Financial Performance
- Ovintiv’s Earnings Call: Strategic Growth Amid Uncertainties