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Bank of America Corp. announced Cenovus Energy Inc (USA) (NYSE:CVE), hiking its price target to $17.00 earlier today

Yesterday Cenovus Energy Inc (USA) (NYSE:CVE) traded 0.66% lower at $15.10. CVE’s 50-day moving average is $14.64 and its two hundred day average is $14.18. With the last stock close up 4.54% relative to the two hundred day average, compared with the S&P 500 Index which has fallen -0.01% over the same time. Volume of trade was was down over the average, with 968,539 shares of CVE changing hands under the typical 1,774,740 shares..

Bank of America Corp. bumped the estimated target of Cenovus Energy Inc (USA) (NYSE:CVE) to $17, indicating a possible upside of 0.13%,

See Chart Below:

Cenovus Energy Inc (USA) (NYSE:CVE)

A total of 11 analysts have released a ratings update on CVE. Zero rate the company a strong buy, seven firms rate the company a buy, seven firms rate the company a hold, 0 rate the company to underperform, and finally 0 brokeragesrate the stock as sell with a 12-month target stock price of $16.11

Cenovus Energy Inc (USA) has a 52 week low of $9.10 and a one-year high of $17.23 with a PE ratio of 19 and has a market capitalization of $0.0.

Brief Synopsis On Cenovus Energy Inc (USA) (NYSE:CVE)

Cenovus Energy Inc is a Canada-based integrated oil company. It is engaged in the business of developing, producing and marketing crude oil, natural gas liquids (NGLs) and natural gas. Its segments include Oil Sands, Conventional, Refining and Marketing, and Corporate and Eliminations. The Oil Sands segment includes the development and production of bitumen and natural gas in northeast Alberta. Its bitumen assets include Foster Creek, Christina Lake and Narrows Lake, and projects in early stages of development, such as Grand Rapids and Telephone Lake. The Conventional segment includes development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including heavy oil assets at Pelican Lake and the carbon dioxide enhanced oil recovery project at Weyburn. The Refining and Marketing segment includes transporting, and selling and refining crude oil into petroleum and chemical products.

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