Cenovus Energy’s “Hold” Rating Reaffirmed at Zacks (CVE)
Cenovus Energy (NYSE:CVE)‘s stock had its “hold” rating reiterated by Zacks in a report released on Friday, Analyst Ratings Network reports. They currently have a $29.40 price target on the stock. Zacks‘ price objective would suggest a potential downside of 1.87% from the company’s current price.
A number of other firms have also recently commented on CVE. Analysts at BMO Capital Markets cut their price target on shares of Cenovus Energy from $38.00 to $37.00 in a research note to investors on Friday. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Cenovus Energy in a research note to investors on Tuesday, September 24th. They now have a $40.00 price target on the stock. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Cenovus Energy in a research note to investors on Friday, July 26th. They now have a $40.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $38.14.
Cenovus Energy (NYSE:CVE) traded up 0.91% on Friday, hitting $29.96. The stock had a trading volume of 473,976 shares. Cenovus Energy has a 52-week low of $27.25 and a 52-week high of $35.90. The stock’s 50-day moving average is $29.52 and its 200-day moving average is $29.57. The company has a market cap of $22.645 billion and a P/E ratio of 42.35.
Cenovus Energy (NYSE:CVE) last released its earnings data on Wednesday, July 24th. The company reported $0.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.48 by $0.14. During the same quarter in the prior year, the company posted $0.37 earnings per share. On average, analysts predict that Cenovus Energy will post $1.79 earnings per share for the current fiscal year.
Cenovus Energy Inc (NYSE:CVE) is an integrated oil company.
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