Analysts seem to be feeling optimistic about Cenovus Energy (TSX: CVE) lately, as another research firm gave the stock a Buy rating yesterday. The company received a Buy rating from RBC Capital’s analyst Gregory Pardy, with a C$15 price target.
According to TipRanks.com, Pardy is ranked #1432 out of 4879 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cenovus Energy with a C$15.71 average price target, which is a 30.4% upside from current levels. In a report issued on September 10, J.P. Morgan also upgraded the stock to Buy with a C$17 price target.
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Cenovus Energy’s market cap is currently C$14.61B 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 Friday at C$12.05.
