Ovintiv (OVV) Price Target Raised to $55

Group 1 - Ovintiv Inc. (NYSE:OVV) is recognized as one of the 12 best crude oil stocks to buy for dividends, indicating strong dividend potential in the current market [1] - UBS has raised its price target for Ovintiv from $54 to $55 while maintaining a 'Buy' rating, reflecting confidence in the company's growth prospects and the overall energy sector's recovery [2][3] - The energy sector is expected to experience stronger growth in 2026, driven by an improving outlook for oil and natural gas, M&A-driven value creation, and cost efficiencies [3] Group 2 - Ovintiv has signed a 12-year agreement with Pembina Pipeline Corp. for 500,000 metric tons/year of liquefaction capacity at the Cedar LNG facility, which is part of a $4 billion floating LNG project expected to commence in late 2028 [4] - This agreement will provide Ovintiv with access to additional export markets in Asia, enhancing its market position [4] - Despite the positive developments, Ovintiv's share price has fallen by over 8% since the beginning of 2025, indicating some market volatility [4]