Cenovus Energy (TSE:CVE) Price Target Raised to C$36.00 at Jefferies Financial Group

Cenovus Energy (TSE:CVE - Get Free Report) NYSE: CVE had its target price upped by equities researchers at Jefferies Financial Group from C$28.00 to C$36.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's target price suggests a potential upside of 24.78% from the stock's current price.

Several other analysts have also commented on the company. Royal Bank of Canada increased their price objective on Cenovus Energy from C$28.00 to C$32.00 in a report on Tuesday. JPMorgan Chase & Co. decreased their price target on Cenovus Energy from C$35.00 to C$34.00 in a research note on Thursday, January 11th. Scotiabank dropped their price target on Cenovus Energy from C$31.00 to C$28.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 16th. Desjardins upped their price objective on shares of Cenovus Energy from C$28.00 to C$29.50 and gave the company a "buy" rating in a report on Friday, March 22nd. Finally, CIBC lifted their target price on shares of Cenovus Energy from C$30.00 to C$31.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$32.19.

Cenovus Energy Stock Down 0.1 %

Cenovus Energy stock traded down C$0.02 during trading hours on Friday, reaching C$28.85. The stock had a trading volume of 6,939,162 shares, compared to its average volume of 4,636,736. The company has a market cap of C$53.95 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.09 and a beta of 2.79. The business's 50 day moving average price is C$24.91 and its 200-day moving average price is C$24.40. Cenovus Energy has a 52 week low of C$19.82 and a 52 week high of C$29.96. The company has a debt-to-equity ratio of 34.64, a current ratio of 1.56 and a quick ratio of 1.00.

Cenovus Energy (TSE:CVE - Get Free Report) NYSE: CVE last posted its quarterly earnings data on Thursday, February 15th. The company reported C$0.39 EPS for the quarter, topping the consensus estimate of C$0.33 by C$0.06. The firm had revenue of C$13.13 billion during the quarter, compared to analyst estimates of C$13.06 billion. Cenovus Energy had a net margin of 7.87% and a return on equity of 14.60%. During the same quarter in the previous year, the business posted $0.39 EPS. Sell-side analysts anticipate that Cenovus Energy will post 2.731203 EPS for the current year.

Insider Transactions at Cenovus Energy

In other Cenovus Energy news, Senior Officer Jonathan Michael Mckenzie bought 50,000 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The stock was bought at an average cost of C$23.49 per share, for a total transaction of C$1,174,500.00. In other news, Senior Officer Andrew Dahlin sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$25.99, for a total transaction of C$649,657.50. Also, Senior Officer Jonathan Michael Mckenzie bought 50,000 shares of the business's stock in a transaction dated Friday, February 16th. The shares were purchased at an average cost of C$23.49 per share, with a total value of C$1,174,500.00. Insiders have sold 87,000 shares of company stock worth $2,414,507 over the last 90 days. 31.50% of the stock is currently owned by company insiders.

Cenovus Energy Company Profile

Cenovus Energy Inc, together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.