Cenovus Energy (TSE:CVE) (NYSE:CVE) had its price objective increased by BMO Capital Markets from C$15.00 to C$16.00 in a research note published on Friday morning, BayStreet.CA reports.
CVE has been the subject of several other research reports. Royal Bank of Canada reiterated a buy rating and issued a $2.50 price objective on shares of in a research note on Thursday, July 18th. UBS Group upgraded to a neutral rating and boosted their target price for the stock from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a research note on Thursday, June 20th. CIBC restated a hold rating and set a $2.50 target price on shares of Advantage Oil & Gas in a research note on Thursday, July 18th. JPMorgan Chase & Co. restated a hold rating and set a $7.00 target price on shares of Deutsche Bank in a research note on Thursday, April 25th. Finally, Cormark decreased their target price on Prairie Provident Resources from C$0.45 to C$0.40 in a research note on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Cenovus Energy has a consensus rating of Buy and an average target price of C$14.57.
Shares of CVE traded up C$0.08 during midday trading on Friday, hitting C$12.15. The company had a trading volume of 3,623,100 shares, compared to its average volume of 3,692,417. The company has a 50-day moving average price of C$11.78. The company has a quick ratio of 0.65, a current ratio of 1.10 and a debt-to-equity ratio of 56.55. The firm has a market capitalization of $14.93 billion and a price-to-earnings ratio of -7.83. Cenovus Energy has a 1 year low of C$8.74 and a 1 year high of C$14.26.
Cenovus Energy (TSE:CVE) (NYSE:CVE) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.17 by C($0.11). The firm had revenue of C$5.20 billion during the quarter, compared to analyst estimates of C$5.01 billion. On average, analysts anticipate that Cenovus Energy will post 0.74 EPS for the current year.
About Cenovus Energy
Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company's Oil Sands segment develops and produces bitumen in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development, such as Telephone Lake.
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