The Materials sector company, Cenovus Energy (CVE), has received a rating update from a Wall Street analyst today. The company received a Buy rating from GMP FirstEnergy’s analyst Michael Dunn, with a C$17.50 price target.
According to TipRanks.com, Dunn has currently no stars on a ranking scale of 0-5 stars, with an average return of -5.4% and a 41.7% success rate. Dunn covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, PrairieSky Royalty Ltd, and Birchcliff Energy Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cenovus Energy with a C$14.06 average price target, a 2.7% upside from current levels. In a report released today, BMO Capital also reiterated a Buy rating on the stock with a C$16 price target.
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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 4.33M.
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 Thursday at C$13.69.
