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Cenovus Energy (TSE:CVE) target price raised to $16.00, issued a report today by CIBC World Markets

Having a price of $13.43, Cenovus Energy (TSE:CVE) traded -0.16% lower on the day. With the last close up 9.10% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.02% over the same period. CVE has recorded a 50-day average of $11.67 and a two hundred day average of $11.45. Trade Volume was down over the average, with 3,684,630 shares of CVE changing hands under the typical 3,722,880

Cenovus Energy (TSE:CVE) had its target price raised to $16.00 by CIBC World Markets in a report released 11/14/2017. The new target price indicates a possible upside of 0.19% based on the company's last closing price.

Previously on 11/03/2017, BMO Capital Markets reported on Cenovus Energy (TSE:CVE) raised the target price from $12.00 to $14.00. At the time, this indicated a possible upside of 0.03%.

Recent Performance Chart

Cenovus Energy (TSE:CVE)

Cenovus Energy has PE ratio of 4.19 with a one year low of $8.89 and a one year high of $22.06 and has a market capitalization of $0.

A total of 21 analysts have released a report on Cenovus Energy. zero analysts rating the company a strong buy, ten analysts rating the company a buy, twelve analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $17.10.

General Company Details For Cenovus Energy (TSE:CVE)

Cenovus Energy Inc is a Canada-based integrated oil company. It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids (NGLs) and natural gas in Canada. The Company also conducts marketing activities and owns refining interests in the United States (U.S.). Its segments include: Oil Sands, which includes the development and production of bitumen and natural gas in northeast Alberta; Conventional, which includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake, the carbon dioxide (CO2) enhanced oil recovery (EOR) project at Weyburn and emerging tight oil opportunities; Refining and Marketing, which includes transporting and selling crude oil and natural gas and joint ownership of refineries in the U.S., as well as Corporate and Eliminations.

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