Ovintiv Inc. (NYSE:OVV) is identified as one of the 12 best commodity stocks to buy right now. Citi reduced OVV’s price target to $52 but maintained a “Buy” rating. Evercore ISI raised OVV’s price target to $47 with an “Outperform” rating. OVV reported Q3 results generating $351 million in free cash flow. The acquisition of NuVista Energy is expected to increase production by 100,000 BOE/day in 2026. OVV focuses on oil and gas operations in the Permian Basin and Montney shale. The company is well-positioned for future growth with total Montney production expected to average 400,000 BOE per day.

Read more at Yahoo Finance: Montney Expansion and NuVista Energy Acquisition to Support Ovintiv (OVV) Future Growth; Citi Remains Bullish