11:30 AM EST, 02/04/2026 (MT Newswires) -- RBC Capital Markets on Tuesday maintained its outperform rating on the shares of Ovintiv ( OVV ) and its US$55.00 price target after the company closed its US$2.7 billion acquisition of NuVista (NVA.TO).

The transaction marks the completion of the company's first step in a two-part transformation, with its planned Anadarko disposition next on the docket in 2026, RBC said.

RBC said the depth of Ovintiv's ( OVV ) position in the Montney affords energy investors with an attractive/inexpensive avenue to gain sizable exposure to an emerging oil and condensate resource play north of the border.

RBC said Ovintiv ( OVV ) is its dark horse pick for 2026 and the company is part of its RBC Global Energy Best Ideas List.

Price: 61.87, Change: +1.72, Percent Change: +2.86