Jefferies Financial Group Lowers Cenovus Energy (TSE:CVE) Price Target to C$32.00

Cenovus Energy (TSE:CVE) (NYSE:CVE) had its target price decreased by Jefferies Financial Group from C$33.00 to C$32.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 54.51% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets cut their price target on Cenovus Energy from C$28.00 to C$25.00 in a report on Friday, December 13th. National Bankshares cut their target price on shares of Cenovus Energy from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research note on Thursday. Raymond James raised their price target on shares of Cenovus Energy from C$32.00 to C$33.00 in a research note on Friday, December 13th. TD Securities cut their price objective on shares of Cenovus Energy from C$31.00 to C$29.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Finally, Royal Bank of Canada decreased their target price on shares of Cenovus Energy from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$31.20.

Cenovus Energy Trading Up 0.2 %

Shares of CVE opened at C$20.71 on Friday. The company has a debt-to-equity ratio of 33.34, a current ratio of 1.66 and a quick ratio of 1.00. Cenovus Energy has a 1-year low of C$19.82 and a 1-year high of C$29.96. The stock has a market cap of C$38.52 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 0.09 and a beta of 2.63. The firm has a 50 day simple moving average of C$22.37 and a 200-day simple moving average of C$24.34.

Insider Activity

In other Cenovus Energy news, Senior Officer Jeffery George Lawson acquired 4,600 shares of the stock in a transaction on Friday, December 13th. The stock was purchased at an average price of C$21.74 per share, for a total transaction of C$100,004.00. Insiders have bought 9,600 shares of company stock worth $211,699 over the last 90 days. Company insiders own 32.03% of the company’s stock.

About Cenovus Energy

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.