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Cenovus Energy (NYSE:CVE) has received an average rating of “Hold” from the sixteen analysts that are covering the stock, AnalystRatings.NET reports. Ten investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $34.74.

Cenovus Energy (NYSE:CVE) opened at 31.33 on Wednesday. Cenovus Energy has a 1-year low of $25.52 and a 1-year high of $32.64. The stock’s 50-day moving average is $30.95 and its 200-day moving average is $28.47. The company has a market cap of $23.713 billion and a price-to-earnings ratio of 34.86.

Cenovus Energy (NYSE:CVE) last released its earnings data on Wednesday, April 30th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.08. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, analysts predict that Cenovus Energy will post $1.85 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on CVE shares. Analysts at Cormark downgraded shares of Cenovus Energy from a “buy” rating to a “market perform” rating in a research note on Tuesday, July 8th. Separately, analysts at TheStreet upgraded shares of Cenovus Energy from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. Finally, analysts at Macquarie downgraded shares of Cenovus Energy to a “neutral” rating in a research note on Friday, May 2nd.

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

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