01:55 PM EDT, 05/08/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our 12-month target price of $36, cut $11, reflects a 3.6x multiple of enterprise value to projected 2026 EBITDA, below OVV's historical forward average. We believe that a valuation discount is reasonable given (1) a mediocre commodity price outlook, coupled with (2) OVV's choice to maintain its 2025 capex plan, unlike most E&Ps that are electing to pull in the reins on spending. We cut our 2025 EPS estimate by $0.79 to $4.66 and 2026's by 0.98 to $5.32. We think OVV still has room to run on extracting cost synergies from its recent acreage acquisitions, notably in the Montney gas play in Western Canada, but it also has nice exposure to U.S. plays, including the Permian and the Anadarko Basin. We see some risk for OVV's Canadian assets in the event that produced gas is sold in the U.S. under tariffs, but this remains a wildcard, with Canada LNG a near-term conduit for natural gas as well.