Cenovus Energy (TSE:CVE – Get Free Report) (NYSE:CVE) had its price objective increased by research analysts at National Bankshares from C$29.00 to C$38.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 32.27% from the stock’s current price.
CVE has been the topic of several other research reports. Scotiabank dropped their target price on shares of Cenovus Energy from C$31.00 to C$28.00 and set an “outperform” rating on the stock in a report on Tuesday, January 16th. JPMorgan Chase & Co. cut their price objective on Cenovus Energy from C$35.00 to C$34.00 in a research report on Thursday, January 11th. Royal Bank of Canada raised their target price on Cenovus Energy from C$28.00 to C$32.00 in a report on Tuesday, April 9th. BMO Capital Markets lifted their price target on Cenovus Energy from C$29.00 to C$33.00 in a research report on Thursday, March 28th. Finally, CIBC increased their price objective on Cenovus Energy from C$30.00 to C$31.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$32.88.
View Our Latest Analysis on CVE
Cenovus Energy Stock Up 0.9 %
Cenovus Energy (TSE:CVE – Get Free Report) (NYSE:CVE) last announced its quarterly earnings results on Thursday, February 15th. The company reported C$0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.33 by C$0.06. The business had revenue of C$13.13 billion during the quarter, compared to analyst estimates of C$13.06 billion. Cenovus Energy had a return on equity of 14.60% and a net margin of 7.87%. During the same period in the previous year, the company earned $0.39 EPS. As a group, research analysts predict that Cenovus Energy will post 2.6887232 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Senior Officer Rhona Marie Delfrari sold 18,000 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$29.21, for a total transaction of C$525,835.80. In other news, Senior Officer Andrew Dahlin sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$25.99, for a total transaction of C$649,657.50. Also, Senior Officer Rhona Marie Delfrari sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$29.21, for a total transaction of C$525,835.80. Over the last ninety days, insiders have sold 87,000 shares of company stock valued at $2,414,507. 31.50% of the stock is currently owned by insiders.
Cenovus Energy Company Profile
Cenovus Energy Inc, together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.
Recommended Stories
- Five stocks we like better than Cenovus Energy
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Comprehensive Analysis of PayPal Stock
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Intuitive Surgical Stock Can Trend Much Higher This YearÂ
- The Most Important Warren Buffett Stock for Investors: His Own
- Alibaba Stock Analysis: Insights, Trends, and Future Predictions
Receive News & Ratings for Cenovus Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cenovus Energy and related companies with MarketBeat.com's FREE daily email newsletter.