UBS on Wednesday reiterated its buy rating on the shares of Ovintiv (OVV.TO, OVV) and its US$52.00 price target after the oil and gas producer reported third-quarter results.

"We view OVV's 3Q update and NVA acquisition as positive. 3Q25 crude/condensate and CFPS beat, plus the FY25/4Q25 crude/condensate volumes came in above the prior guide. The NVA acquisition builds on the POU acquisition last year, with OVV clearly leveraging its operational strengths vs. peers and lower cost of entry vs. Lower48 basins. We also see the move to divest the Anadarko to fund the acquisition as strategic given its limited capital allocation. Reiterate Buy," the investment bank wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 54.84, Change: +2.30, Percent Change: +4.38