Analyst Provides Guidance for This Canadian Energy Company


Yesterday, an analyst has provided a rating update for the Materials sector company, Cenovus Energy (TSX: CVE). Analyst Nick Lupick from AltaCorp Captial rated Cenovus Energy (TSX: CVE) a Buy, setting a C$16 price target.

Lupick has an average return of 7.6% when recommending Cenovus Energy.

According to TipRanks.com, Lupick is ranked #1833 out of 4873 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cenovus Energy with a C$15.83 average price target.

Cenovus Energy’s market cap is currently C$14.54B and has a P/E ratio of 0. The company has a Price to Book ratio of 0.77.

Cenovus Energy, Inc. engages in gas and oil provisions. Its activities include development, production, and marketing of crude oil, natural gas liquids, and natural gas in Canada. It operates through four segments: Oil Sands, Deep Basin, Refining & Marketing, and Corporate & Eliminations.

The company’s shares closed on Wednesday at C$11.83.

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