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Stock analysts at Raymond James lifted their target price on shares of Cenovus Energy (TSE:CVE) from C$40.00 to C$42.00 in a report issued on Monday. Raymond James’ price target would suggest a potential upside of 21.88% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie downgraded shares of Cenovus Energy from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 1st. They now have a C$35.00 price target on the stock, down previously from C$36.00. Separately, analysts at CIBC raised their price target on shares of Cenovus Energy from C$35.00 to C$36.00 in a research note on Thursday, May 1st. They now have a “sector perform” rating on the stock. Finally, analysts at National Bank Financial downgraded shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Cenovus Energy presently has a consensus rating of “Hold” and a consensus price target of C$37.20.

Cenovus Energy (TSE:CVE) opened at 34.46 on Monday. Cenovus Energy has a 52 week low of $28.25 and a 52 week high of $34.79. The stock’s 50-day moving average is $33.04 and its 200-day moving average is $30.96. The company has a market cap of $26.082 billion and a P/E ratio of 35.13.

Cenovus Energy (TSE:CVE) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.17. Analysts expect that Cenovus Energy will post $1.88 EPS for the current fiscal year.

Cenovus Energy, Inc (TSE:CVE) is Canadian integrated oil company.

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