Barclays Capital (BCS) Analysts Upgrade Cenovus Energy Inc (CVE) Shares to "Overweight"
Friday, July 08, 2021 1:40 PM

Equities research analysts at Barclays Capital (NYSE: BCS) upgraded shares of Cenovus Energy Inc (NYSE: CVE) from an "equal weight" rating to an "overweight" rating in a research note to investors on Friday.

Separately, analysts at Macquarie upgraded shares of Cenovus Energy Inc from a "neutral" rating to an "outperform" rating in a research note to investors on Tuesday, June 7th. Also, analysts at RBC Capital (NYSE: RY) upgraded shares of Cenovus Energy Inc from a "sector perform" rating to an "outperform" rating in a research note to investors on Monday, May 16th. They now have a $42.00 price target on the stock.

Shares of Cenovus Energy Inc traded down 0.41% during mid-day trading on Monday, hitting $37.965. Cenovus Energy Inc has a 52 week low of $24.61 and a 52 week high of $40.73. The stock's 50-day moving average is $35.24 and its 200-day moving average is $35.6. The company has a market cap of $28.621 billion and a price-to-earnings ratio of 54.15.

Cenovus Energy Inc. (Cenovus) is an integrated oil company. The Company’s operations include enhanced oil recovery (EOR) properties and established crude oil and natural gas production in Alberta and Saskatchewan. It also has ownership interests in two refineries in Illinois and Texas, United States. The Company operates in two operating divisions: Integrated Oil and Canadian Plains. Integrated Oil Division includes all the assets within the upstream and downstream integrated oil business with its joint venture partner, as well as bitumen interests and the Athabasca natural gas assets. The division has assets in both Canada and the United States, including two EOR properties: Foster Creek and Christina Lake, as well as two refineries, including Wood River and Borger. Canadian Plains Division contains crude oil and natural gas development assets in Alberta and Saskatchewan and includes two EOR properties: Weyburn and Pelican Lake, as well as the Southern Alberta oil and gas properties.

Stay on top of analysts' coverage with American Banking & Market News' daily email newsletter that provides a concise list of analysts' upgrades, analysts' downgrades and analysts' price target changes for each day.Click here to register.


 

Sponsors

Advertisement


Advertisement