Credit Suisse Group lowered shares of Cenovus Energy (NYSE:CVE) (TSE:CVE) from an outperform rating to a neutral rating in a research note published on Monday, AnalystRatings.net reports. They currently have $7.00 price objective on the oil and gas company’s stock, down from their previous price objective of $8.00.
CVE has been the topic of several other research reports. JPMorgan Chase & Co. cut Cenovus Energy from a neutral rating to an underweight rating in a research note on Thursday, October 1st. They noted that the move was a valuation call. Morgan Stanley cut their target price on Cenovus Energy from $8.00 to $6.00 and set an underweight rating on the stock in a research note on Tuesday, October 20th. UBS Group boosted their target price on Cenovus Energy from $2.70 to $6.00 and gave the company a neutral rating in a research note on Monday, June 29th. Finally, Barclays started coverage on Cenovus Energy in a research note on Wednesday, September 2nd. They issued an overweight rating and a $8.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $6.65.
NYSE CVE opened at $3.32 on Monday. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of -3.19 and a beta of 2.75. The stock’s 50 day moving average price is $3.90 and its two-hundred day moving average price is $4.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.72 and a current ratio of 1.23. Cenovus Energy has a 52 week low of $1.41 and a 52 week high of $10.52.
Cenovus Energy Company Profile
Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company's Oil Sands segment develops and produces bitumen in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development, such as Telephone Lake.
Featured Story: The Role of a Fiduciary and Individual Investors
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.