02:35 AM EDT, 05/18/2026 (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 of $54, up $8, reflects a 4.6x multiple of enterprise value to projected 2027 EBITDA, above OVV's historical forward average, but merited by an improved balance sheet. We lift our 2026 EPS estimate by $3.38 to $7.90 and our 2027 EPS estimate by $1.47 to $6.98. OVV has consolidated into two core assets: the liquids-focused Permian Basin and the natural gas-focused Montney play in British Columbia. Shares have outperformed the peer average YTD, which we think is attributable to a relatively low use of hedging entering 2026. This has worked well so far, with WTI prices currently sitting at about $105 per barrel. Nonetheless, we think markets are forward-looking, and while we do expect WTI prices to be strong in 2026 (in the $100/b range in 2026), we also anticipate a downturn in 2027 to the low-$60/b range. We remain wary that high crude prices will result in demand destruction, and see low likelihood of a short-term fix for disruption in the Middle East.