Cenovus Energy (CVE) Given a C$15.00 Price Target at Eight Capital

Cenovus Energy (TSE:CVE) (NYSE:CVE) has been given a C$15.00 price objective by Eight Capital in a research report issued to clients and investors on Thursday. The brokerage currently has a “neutral” rating on the stock. Eight Capital’s target price points to a potential upside of 9.57% from the stock’s previous close.

CVE has been the subject of several other reports. TD Securities increased their price target on shares of Cenovus Energy from C$13.50 to C$14.00 and gave the company a “hold” rating in a research report on Friday, December 15th. CIBC increased their price target on shares of Cenovus Energy from C$12.50 to C$14.50 in a research report on Monday, October 2nd. JPMorgan Chase & Co. increased their price target on shares of Cenovus Energy from C$11.00 to C$11.50 in a research report on Thursday, September 14th. National Bank Financial upped their price objective on shares of Cenovus Energy from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a report on Tuesday. Finally, Barclays upped their price objective on shares of Cenovus Energy from C$15.00 to C$17.00 and gave the company an “overweight” rating in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of C$15.40.

Cenovus Energy (TSE:CVE) traded up C$0.58 during mid-day trading on Thursday, hitting C$13.69. 5,055,400 shares of the company’s stock traded hands, compared to its average volume of 3,480,000. The stock has a market capitalization of $16,820.00, a price-to-earnings ratio of 4.79 and a beta of 0.26. Cenovus Energy has a 1-year low of C$8.89 and a 1-year high of C$19.92.

In other Cenovus Energy news, Director Patrick Darold Daniel purchased 35,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of C$13.97 per share, for a total transaction of C$488,950.00. Also, Director Alex Pourbaix purchased 81,433 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was acquired at an average price of C$12.28 per share, for a total transaction of C$999,997.24. In the last quarter, insiders purchased 153,633 shares of company stock worth $1,967,303.

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Cenovus Energy Company Profile

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