Cenovus Energy Inc. (CVE.TO) (TSE:CVE) Given Consensus Recommendation of “Hold” by Brokerages


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Shares of Cenovus Energy Inc. (CVE.TO) (TSE:CVE) (NYSE:CVE) have received an average rating of “Hold” from the nineteen analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$7.58.

Several equities research analysts have recently issued reports on CVE shares. UBS Group lowered their price objective on shares of Cenovus Energy Inc. (CVE.TO) from C$6.00 to C$5.00 in a research note on Thursday, October 22nd. Tudor Pickering & Holt upgraded shares of Cenovus Energy Inc. (CVE.TO) from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$5.50 to C$9.00 in a research note on Monday, December 7th. JPMorgan Chase & Co. downgraded shares of Cenovus Energy Inc. (CVE.TO) from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from C$7.50 to C$6.00 in a research note on Thursday, October 1st. Tudor Pickering upgraded shares of Cenovus Energy Inc. (CVE.TO) from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$5.50 to C$9.00 in a research note on Monday, December 7th. Finally, National Bank Financial lifted their price target on shares of Cenovus Energy Inc. (CVE.TO) from C$8.00 to C$10.00 and gave the stock an “outperform” rating in a research note on Sunday, November 1st.

Shares of Cenovus Energy Inc. (CVE.TO) stock opened at C$7.75 on Friday. The company’s fifty day simple moving average is C$7.04 and its 200-day simple moving average is C$6.10. The company has a market cap of C$9.52 billion and a price-to-earnings ratio of -4.51. The company has a current ratio of 1.38, a quick ratio of 0.80 and a debt-to-equity ratio of 57.35. Cenovus Energy Inc. has a 1 year low of C$2.06 and a 1 year high of C$13.66.

Cenovus Energy Inc. (CVE.TO) (TSE:CVE) (NYSE:CVE) last announced its quarterly earnings data on Thursday, October 29th. The company reported C($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.04) by C($0.33). The firm had revenue of C$3.81 billion for the quarter, compared to analyst estimates of C$4.23 billion. As a group, research analysts forecast that Cenovus Energy Inc. will post -0.5915505 earnings per share for the current fiscal year.

Cenovus Energy Inc. (CVE.TO) Company Profile

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 operates through Oil Sands, Deep Basin, and Refining and Marketing segments. The Oil Sands segment develops and produces bitumen in northeast Alberta.

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Analyst Recommendations for Cenovus Energy Inc. (CVE.TO) (TSE:CVE)

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