Cenovus Energy (CVE) has received a rating update from a Wall Street analyst yesterday. AltaCorp Captial’s analyst Nick Lupick reiterates their Hold rating on the shares, with a C$14.50 price target.
According to TipRanks.com, Lupick is ranked 0 out of 5 stars with an average return of -3.9% and a 47.0% success rate. Lupick covers the Basic Materials sector, focusing on stocks such as Pengrowth Energy Corp, Cenovus Energy Inc, and Canadian Natural.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cenovus Energy with a C$13.94 average price target, a 1.5% upside from current levels. In a report issued on April 16, Goldman Sachs also upgraded the stock to Hold.
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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 4.4M.
Cenovus Energy, Inc. engages in gas and oil provisions. Its activities include development, production, and marketing of crude oil, natural gas liquids (NGLS), 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$13.74.
