In a new note to investors yesterday, an analyst has provided a rating update for Cenovus Energy (CVE). The company received a Buy rating from BMO Capital’s analyst Randy Ollenberger, with a C$15 price target.
According to TipRanks.com, Ollenberger is a 1-star analyst with an average return of -1.8% and a 45.3% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Birchcliff Energy Ltd, and Imperial Oil Limited.
Cenovus Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$13.67.
The company has a one-year high of C$14.84 and a one-year low of C$8.74. Currently, Cenovus Energy has an average volume of 4.82M.
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$11.04.
