Cenovus Energy (CVE) – Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Cenovus Energy (TSE: CVE) in the last few weeks:

  • 4/11/2017 – Cenovus Energy had its price target lowered by analysts at Barclays PLC from C$24.00 to C$22.00.
  • 4/7/2017 – Cenovus Energy had its price target lowered by analysts at Scotiabank from C$21.00 to C$20.00. They now have an “outperform” rating on the stock.
  • 4/7/2017 – Cenovus Energy had its price target lowered by analysts at Desjardins from C$24.00 to C$20.00.
  • 4/7/2017 – Cenovus Energy had its price target lowered by analysts at TD Securities from C$21.00 to C$20.00. They now have a “buy” rating on the stock.
  • 4/7/2017 – Cenovus Energy had its price target lowered by analysts at BMO Capital Markets from C$20.00 to C$17.00. They now have a “market perform” rating on the stock.
  • 4/6/2017 – Cenovus Energy had its price target lowered by analysts at Royal Bank of Canada from C$25.00 to C$23.00. They now have an “outperform” rating on the stock.
  • 3/31/2017 – Cenovus Energy had its price target lowered by analysts at Instinet from C$20.00 to C$18.00.
  • 3/31/2017 – Cenovus Energy had its price target lowered by analysts at JPMorgan Chase & Co. from C$21.00 to C$19.00.
  • 3/30/2017 – Cenovus Energy had its price target lowered by analysts at Raymond James Financial, Inc. from C$23.00 to C$18.00. They now have a “market perform” rating on the stock.
  • 3/24/2017 – Cenovus Energy was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating. They now have a C$21.00 price target on the stock, down previously from C$22.00.
  • 3/9/2017 – Cenovus Energy had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a C$18.50 price target on the stock.
  • 2/17/2017 – Cenovus Energy was upgraded by analysts at AltaCorp Capital from a “sector perform” rating to an “outperform” rating.
  • 2/17/2017 – Cenovus Energy had its “outperform” rating reaffirmed by analysts at Scotiabank. They now have a C$22.00 price target on the stock.
  • 2/17/2017 – Cenovus Energy had its price target lowered by analysts at TD Securities from C$23.00 to C$22.00. They now have a “hold” rating on the stock.
  • 2/16/2017 – Cenovus Energy had its “market perform” rating reaffirmed by analysts at Raymond James Financial, Inc.. They now have a C$23.00 price target on the stock.

Shares of Cenovus Energy Inc (TSE:CVE) traded down 1.31% during trading on Thursday, hitting $14.26. 3,504,029 shares of the stock traded hands. The firm’s market cap is $11.88 billion. Cenovus Energy Inc has a 52-week low of $14.20 and a 52-week high of $22.06. The stock has a 50 day moving average of $16.31 and a 200 day moving average of $18.67.

In other Cenovus Energy news, Director Richard Joseph Marcogliese bought 5,000 shares of Cenovus Energy stock in a transaction dated Monday, April 3rd. The stock was acquired at an average cost of C$11.20 per share, with a total value of C$56,000.00. Also, Director Brian Charles Ferguson bought 3,600 shares of Cenovus Energy stock in a transaction dated Monday, April 10th. The shares were acquired at an average cost of C$14.80 per share, with a total value of C$53,280.00. Over the last ninety days, insiders have bought 18,400 shares of company stock valued at $256,868.

Cenovus Energy Inc is a Canada-based integrated oil company. The Company is engaged in the business of developing, producing and marketing crude oil, natural gas liquids (NGL) and natural gas. Its segments include Oil Sands, Conventional, Refining and Marketing, and Corporate and Eliminations. Its Oil Sands segment includes the development and production of bitumen and natural gas in northeast Alberta.

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