Texas Capital Securities Starts Ovintiv Inc. (OVV) at Buy

Texas Capital Securities analyst John Annis initiates coverage on Ovintiv Inc. (NYSE: OVV) with a Buy rating and a price target of $74.00.

The analyst commented: "In our view, Ovintiv Inc. (OVV) offers investors exposure to a transformed E&P platform with a deep, high-return inventory across the Permian and Montney, differentiated operational execution, and a shareholder-friendly capital return framework. In short, we believe OVV’s culture of innovation, applied across a streamlined two-basin portfolio, should continue to compound recent operational momentum, validate the quality and repeatability of its Permian/Montney inventory, and help narrow the gap between the depth and quality of the company’s inventory runway and the value currently being underwritten by the market."

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 $52.76 yesterday.

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