After RBC Capital and Goldman Sachs gave Cenovus Energy Inc (NYSE: CVE) a Buy rating last month, the company received another Buy, this time from AltaCorp Captial. Analyst Nick Lupick upgraded Cenovus Energy Inc to Buy today. The company’s shares closed last Monday at $8.53.
According to TipRanks.com, Lupick is ranked #4987 out of 5539 analysts.
Cenovus Energy Inc has an analyst consensus of Moderate Buy, with a price target consensus of $12.24, implying a 43.5% upside from current levels. In a report issued on September 26, Goldman Sachs also upgraded the stock to Buy with a $12.00 price target.
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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 3.72M.
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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.
