Cenovus Energy (TSE:CVE) Given New C$33.00 Price Target at Raymond James

Cenovus Energy (TSE:CVE) (NYSE:CVE) had its price target raised by analysts at Raymond James from C$32.00 to C$33.00 in a report issued on Friday,BayStreet.CA reports. Raymond James’ price target points to a potential upside of 52.00% from the stock’s previous close.

CVE has been the subject of several other reports. Jefferies Financial Group reduced their target price on Cenovus Energy from C$36.00 to C$33.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Royal Bank of Canada decreased their price objective on Cenovus Energy from C$29.00 to C$28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. National Bankshares cut their target price on Cenovus Energy from C$38.00 to C$31.00 in a report on Friday, September 27th. BMO Capital Markets decreased their price target on shares of Cenovus Energy from C$31.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, TD Securities dropped their price objective on shares of Cenovus Energy from C$31.00 to C$29.00 and set a “buy” rating on the stock in a research note on Friday. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$31.50.

Cenovus Energy Trading Up 1.9 %

TSE:CVE opened at C$21.71 on Friday. Cenovus Energy has a 12 month low of C$19.82 and a 12 month high of C$29.96. The company has a current ratio of 1.66, a quick ratio of 1.00 and a debt-to-equity ratio of 33.34. The stock has a market capitalization of C$40.38 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 0.09 and a beta of 2.63. The firm has a fifty day simple moving average of C$22.71 and a two-hundred day simple moving average of C$24.60.

Insider Activity

In other Cenovus Energy news, Senior Officer Geoffrey Murray purchased 3,200 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were acquired at an average cost of C$22.54 per share, for a total transaction of C$72,112.00. Also, Senior Officer Jeffery George Lawson acquired 4,000 shares of Cenovus Energy stock in a transaction on Monday, September 30th. The stock was acquired at an average price of C$22.50 per share, with a total value of C$90,000.00. Insiders bought a total of 12,300 shares of company stock worth $273,236 over the last quarter. Insiders own 32.03% of the company’s stock.

About Cenovus Energy

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.