Stephens initiates coverage on Ovintiv with 'equal weight'
ReutersFeb 3, 2026 1:04 PM
Brokerage Stephens initiates coverage on oil and gas producer Ovintiv OVV.N with "equal weight" rating
Sets PT at $44, implying a 3.5% upside to stock's last close
Says OVV is a top operator in the Midland and Western basins with low‑cost, high‑output assets; planned ~$3.5 billion Anadarko sale could cut net debt by over 65% this year
19 of 24 brokerages rate the stock "buy" or higher, 4 "hold" and 1 "sell"; median PT is $55 - LSEG data
In 2025, OVV fell 5.8%
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