William Blair initiates coverage on Ovintiv with 'outperform' rating

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