-- 独立研究机构CFRA向提供了以下研究报告。CFRA的分析师总结如下：我们下调评级的原因是CVE的同行公司价差扩大，西德克萨斯中质原油（WTI）价格上涨速度快于加拿大西部精选原油（WCS），且全球经济需求随时间推移而下降的可能性越来越大。CVE迄今为止已从中受益。然而，价格下行波动仍然是一个威胁。我们将12个月目标价下调至25美元。这相当于我们2027财年EBITDA预估值的5.5倍。CVE的长期平均市盈率为5.7倍。我们将2026财年每股收益（EPS）预估值上调至3.89加元（+0.42），2027财年上调至2.80加元（+0.05）。CVE将利用此次油价上涨的“刺激”积极降低杠杆率。然而，同行的运营效率更高（SU），并且如果他们愿意，可以将所有多余的自由现金流返还给股东（SU，IMO），而 CVE 目前只能返还 50% 的多余自由现金流。
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Sectors
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