After Goldman Sachs and CIBC gave Cenovus Energy Inc (NYSE: CVE) a Buy rating last month, the company received another Buy, this time from RBC Capital. Analyst Gregory Pardy maintained a Buy rating on Cenovus Energy Inc today and set a price target of C$15.00. The company’s shares closed last Monday at $8.59.
According to TipRanks.com, Pardy is a 2-star analyst with an average return of -0.1% and a 44.9% success rate. Pardy covers the Basic Materials sector, focusing on stocks such as Imperial Oil Limited, Baytex Energy Corp, and Canadian Natural.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cenovus Energy Inc with a $12.26 average price target, a 41.1% upside from current levels. In a report issued on October 7, AltaCorp Captial also upgraded the stock to Buy.
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The company has a one-year high of $10.82 and a one-year low of $6.15. Currently, Cenovus Energy Inc has an average volume of 3.74M.
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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.
