11:10 AM EST, 01/26/2026 (MT Newswires) -- RBC Capital Markets over the weekend reiterated its outperform rating on the shares of Ovintiv ( OVV ) and its US$55 price target.

Ovintiv ( OVV ) announced on Friday that its $2.7-billion acquisition of NuVista Energy ( NUVSF ) has secured approval from 99% of NuVista shareholders.

RBC expects the deal to close in the coming weeks pending regulatory approval under the Investment Canada Act.

RBC said Ovintiv ( OVV ) is its Dark Horse pick for 2026, adding that the company is part of its Global Energy Best Ideas List.

Price: 55.27, Change: -0.96, Percent Change: -1.71