Cenovus Energy Hits New 52-Week Low at $27.25 (CVE)
Shares of Cenovus Energy (NYSE:CVE) hit a new 52-week low during mid-day trading on Friday, Analyst RN reports. The stock traded as low as $27.25 and last traded at $27.45, with a volume of 752,726 shares trading hands. The stock had previously closed at $27.47.
A number of analysts have recently weighed in on CVE shares. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Cenovus Energy in a research note to investors on Friday, December 13th. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Cenovus Energy in a research note to investors on Friday, December 13th. Finally, analysts at Raymond James initiated coverage on shares of Cenovus Energy in a research note to investors on Tuesday, December 3rd. They set an “outperform” rating and a $38.50 price target on the stock. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $37.09.
Cenovus Energy has a one year low of $27.25 and a one year high of $34.45. The stock has a 50-day moving average of $28.55 and a 200-day moving average of $29.23. The company has a market cap of $20.755 billion and a P/E ratio of 34.12.
Cenovus Energy (NYSE:CVE) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.08. During the same quarter in the previous year, the company posted $0.57 earnings per share. Analysts expect that Cenovus Energy will post $1.61 EPS for the current fiscal year.
Cenovus Energy Inc (NYSE:CVE) is an integrated oil company.
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