Mizuho Reiterates Outperform Rating on Ovintiv Inc. (OVV)

Mizuho analyst Nitin Kumar reiterated an Outperform rating and $68.00 price target on Ovintiv Inc. (NYSE: OVV).

The analyst commented: "We expect OVV to beat Street 1Q26 EBITDA/FCF by 11%/27%, with the upside driven by corporate realized prices we forecast at 4% above consensus. We expect a noisy but constructive 1Q26 from OVV, with production of ~676 Mboe/d and the quarter serving as a bridge into a cleaner post-Anadarko run rate. Going into 2026, the company is working through a meaningful portfolio reset, with NuVista now closed and the $3.0bn Anadarko sale expected to close in 2Q26. We expect investor focus to center on three items: higher Canadian cash taxes versus the original FY26 guide, whether the company’s gas marketing and JKM-linked exposure can provide uplift as AECO lags global gas, and how quickly OVV leans into its new cash-return framework, which calls for at least 75% of full-year non-GAAP FCF to be returned through dividends and buybacks. Maintain Outperform with a $68/sh PT."

For an analyst ratings summary and ratings history on Ovintiv Inc. click here. For more ratings news on Ovintiv Inc. click here.

Shares of Ovintiv Inc. closed at $56.78 yesterday.

You May Also Be Interested In

• Ovintiv Inc. (OVV) PT Raised to $69 at Stephens
• Ambow Education (AMBO) files $100M mixed shelf
• Waymo Explores Split With Uber - FT