Cenovus Energy (TSE:CVE) Price Target Increased to C$36.00 by Analysts at Jefferies Financial Group

Cenovus Energy (TSE:CVE) (NYSE:CVE) had its price objective increased by investment analysts at Jefferies Financial Group from C$28.00 to C$36.00 in a research note issued on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 23.71% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. Scotiabank cut their target price on 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 target price on Cenovus Energy from C$35.00 to C$34.00 in a report on Thursday, January 11th. Royal Bank of Canada increased their target price on Cenovus Energy from C$28.00 to C$32.00 in a report on Tuesday. BMO Capital Markets raised their price objective on Cenovus Energy from C$29.00 to C$33.00 in a research note on Thursday, March 28th. Finally, Desjardins raised their price objective on Cenovus Energy from C$28.00 to C$29.50 and gave the company a “buy” rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cenovus Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$32.19.

Cenovus Energy Trading Up 0.8 %

Shares of CVE stock traded up C$0.23 during trading hours on Friday, hitting C$29.10. 3,505,835 shares of the company were exchanged, compared to its average volume of 4,584,689. The firm has a market cap of C$54.42 billion, a P/E ratio of 13.70, a P/E/G ratio of 0.09 and a beta of 2.79. Cenovus Energy has a fifty-two week low of C$19.82 and a fifty-two week high of C$29.96. The company has a debt-to-equity ratio of 34.64, a quick ratio of 1.00 and a current ratio of 1.56. The company has a 50 day simple moving average of C$24.77 and a two-hundred day simple moving average of C$24.37.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last announced its quarterly earnings data on Thursday, February 15th. The company reported C$0.39 EPS for the quarter, topping the consensus estimate of C$0.33 by C$0.06. The company had revenue of C$13.13 billion during the quarter, compared to the consensus estimate of C$13.06 billion. Cenovus Energy had a net margin of 7.87% and a return on equity of 14.60%. During the same quarter last year, the firm posted $0.39 EPS. Equities analysts anticipate that Cenovus Energy will post 2.731203 EPS for the current year.

Insider Buying and Selling

In other news, Senior Officer Rhona Marie Delfrari sold 18,000 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of C$29.21, for a total value of C$525,835.80. In other news, Senior Officer Rhona Marie Delfrari sold 18,000 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of C$29.21, for a total value of C$525,835.80. Also, Senior Officer Andrew Dahlin sold 25,000 shares of the company’s stock in a transaction 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. In the last 90 days, insiders have sold 87,000 shares of company stock valued at $2,414,507. Company insiders own 31.50% of the company’s stock.

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.