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Cenovus Energy (NYSE:CVE)‘s stock had its “sector perform” rating restated by analysts at CIBC in a research report issued to clients and investors on Thursday. They currently have a $37.50 price target on the stock, up from their previous price target of $36.00. CIBC’s price objective would suggest a potential upside of 21.67% from the stock’s previous close.

Shares of Cenovus Energy (NYSE:CVE) traded down 1.66% during mid-day trading on Thursday, hitting $30.82. The stock had a trading volume of 751,701 shares. Cenovus Energy has a 52-week low of $25.52 and a 52-week high of $32.64. The stock has a 50-day moving average of $31.09 and a 200-day moving average of $28.54. The company has a market cap of $23.327 billion and a price-to-earnings ratio of 34.63.

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

CVE has been the subject of a number of other recent research reports. 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. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $35.20.

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

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