BUZZ-William Blair initiates coverage on Ovintiv with 'outperform' rating
William Blair initiates coverage on oil and natgas producer Ovintivwith “outperform” ratingOvintiv’s contiguous Montney position, sizable high-return Permian inventory and likely Mid-Continent asset sale together create a compelling re-rating setup - brokerageOVV’s recent NuVista acquisition adds core liquids inventory with potential for incremental synergies, says brokerage“Ovintiv could be sold to a large Canadian operator” - William Blair18 of 23 brokerages rate the stock “buy” or higher, four “hold” and one “sell”; median PT is $55 - data compiled by LSEG Including session’s moves, shares down 3.3% YTD
William Blair initiates coverage on oil and natgas producer Ovintiv (OVV.N) with “outperform” rating
Ovintiv’s contiguous Montney position, sizable high-return Permian inventory and likely Mid-Continent asset sale together create a compelling re-rating setup - brokerage
OVV’s recent NuVista acquisition adds core liquids inventory with potential for incremental synergies, says brokerage
“Ovintiv could be sold to a large Canadian operator” - William Blair
18 of 23 brokerages rate the stock “buy” or higher, four “hold” and one “sell”; median PT is $55 - data compiled by LSEG Including session’s moves, shares down 3.3% YTD
