Cenovus Energy (TSE:CVE) Given New C$32.00 Price Target at CSFB

Cenovus Energy (TSE:CVEGet Rating) (NYSE:CVE) had its target price boosted by CSFB from C$28.00 to C$32.00 in a report issued on Monday, BayStreet.CA reports. CSFB’s price objective indicates a potential upside of 31.42% from the company’s current price.

CVE has been the topic of a number of other research reports. Citigroup boosted their price objective on shares of Cenovus Energy from C$17.00 to C$21.00 and gave the stock a “buy” rating in a report on Thursday, January 27th. Tudor Pickering reissued a “buy” rating and issued a C$22.00 target price on shares of Cenovus Energy in a research report on Tuesday, February 8th. National Bankshares dropped their target price on shares of Cenovus Energy from C$35.00 to C$28.00 in a research report on Thursday, April 14th. Royal Bank of Canada boosted their target price on shares of Cenovus Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Thursday, April 28th. Finally, BMO Capital Markets boosted their price objective on shares of Cenovus Energy from C$26.00 to C$30.00 in a research report on Thursday, April 28th. Fifteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Cenovus Energy currently has a consensus rating of “Buy” and a consensus target price of C$24.03.

Shares of CVE traded down C$1.93 during mid-day trading on Monday, reaching C$24.35. The company had a trading volume of 6,544,925 shares, compared to its average volume of 8,512,489. Cenovus Energy has a fifty-two week low of C$8.89 and a fifty-two week high of C$26.37. The company has a current ratio of 1.60, a quick ratio of 1.03 and a debt-to-equity ratio of 59.74. The stock has a market cap of C$48.25 billion and a price-to-earnings ratio of 25.51. The firm has a fifty day simple moving average of C$21.45 and a 200-day simple moving average of C$18.48.

Cenovus Energy (TSE:CVEGet Rating) (NYSE:CVE) last issued its quarterly earnings data on Tuesday, February 8th. The company reported C$0.54 EPS for the quarter, topping analysts’ consensus estimates of C$0.51 by C$0.03. The firm had revenue of C$13.73 billion during the quarter, compared to analyst estimates of C$11.89 billion. As a group, equities analysts predict that Cenovus Energy will post 3.3299998 EPS for the current fiscal year.

In other Cenovus Energy news, Senior Officer Karamjit Singh Sandhar sold 59,000 shares of the stock in a transaction on Friday, May 6th. The shares were sold at an average price of C$26.28, for a total value of C$1,550,520.00. Following the completion of the sale, the insider now directly owns 37,591 shares of the company’s stock, valued at approximately C$987,891.48. Also, Senior Officer Jonathan Michael Mckenzie purchased 25,000 shares of Cenovus Energy stock in a transaction on Thursday, February 10th. The stock was bought at an average cost of C$19.80 per share, with a total value of C$495,005.00. Following the completion of the acquisition, the insider now owns 282,868 shares in the company, valued at C$5,600,842.97.

Cenovus Energy Company Profile (Get Rating)

Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region. The company operates through Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments.

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Analyst Recommendations for Cenovus Energy (TSE:CVE)

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