Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) has received an average recommendation of “Hold” from the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$15.23.
A number of analysts recently weighed in on the stock. AltaCorp Capital raised shares of Cenovus Energy from a “sector perform” rating to an “outperform” rating in a research note on Friday, February 16th. National Bank Financial lowered their price objective on shares of Cenovus Energy from C$14.00 to C$13.50 and set a “sector perform” rating for the company in a research note on Friday, February 16th. TD Securities lowered their price objective on shares of Cenovus Energy from C$14.00 to C$12.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Eight Capital set a C$15.00 price objective on shares of Cenovus Energy and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Finally, Citigroup upped their price objective on shares of Cenovus Energy from C$10.00 to C$13.00 in a research note on Monday, December 11th.
Shares of Cenovus Energy (CVE) opened at C$10.48 on Wednesday. Cenovus Energy has a one year low of C$8.89 and a one year high of C$17.81. The firm has a market cap of $12,900.00, a PE ratio of 5.01 and a beta of 0.47.
In other news, insider Keith Chiasson purchased 2,635 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was acquired at an average cost of C$9.60 per share, with a total value of C$25,296.00.
Cenovus Energy Company Profile
Cenovus Energy Inc is a Canada-based integrated oil company. It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids (NGLs) and natural gas in Canada. The Company also conducts marketing activities and owns refining interests in the United States (U.S.). Its segments include: Oil Sands, which includes the development and production of bitumen and natural gas in northeast Alberta; Conventional, which includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake, the carbon dioxide (CO2) enhanced oil recovery (EOR) project at Weyburn and emerging tight oil opportunities; Refining and Marketing, which includes transporting and selling crude oil and natural gas and joint ownership of refineries in the U.S., as well as Corporate and Eliminations.
Receive News & Ratings for Cenovus Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cenovus Energy and related companies with MarketBeat.com's FREE daily email newsletter.