BMO Capital Markets Cuts Cenovus Energy (TSE:CVE) Price Target to C$25.00

Cenovus Energy (TSE:CVE - Get Free Report) NYSE: CVE had its price target reduced by research analysts at BMO Capital Markets from C$28.00 to C$25.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets' target price points to a potential upside of 15.15% from the stock's current price.

CVE has been the topic of several other reports. Jefferies Financial Group cut their target price on shares of Cenovus Energy from C$36.00 to C$33.00 and set a "buy" rating on the stock in a report on Monday, September 16th. National Bankshares decreased their target price on shares of Cenovus Energy from C$38.00 to C$31.00 in a research report on Friday, September 27th. TD Securities decreased their target price 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. Raymond James raised their target price on shares of Cenovus Energy from C$32.00 to C$33.00 in a research report on Friday. Finally, Royal Bank of Canada cut their price target on shares of Cenovus Energy from C$29.00 to C$28.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$31.50.

Cenovus Energy Trading Up 1.9 %

CVE traded up C$0.40 during mid-day trading on Friday, hitting C$21.71. The stock had a trading volume of 4,357,623 shares, compared to its average volume of 5,316,740. The stock's fifty day simple moving average is C$22.71 and its 200-day simple moving average is C$24.60. The company has a debt-to-equity ratio of 33.34, a current ratio of 1.66 and a quick ratio of 1.00. The firm has a market capitalization of C$40.38 billion, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 0.09 and a beta of 2.63. Cenovus Energy has a 1-year low of C$19.82 and a 1-year high of C$29.96.

Insider Transactions at Cenovus Energy

In related news, Senior Officer Jeffery George Lawson bought 4,600 shares of the business's stock in a transaction dated Friday, December 13th. The stock was bought at an average price of C$21.74 per share, for a total transaction of C$100,004.00. Also, Senior Officer Geoffrey Murray acquired 3,200 shares of the company's stock in a transaction on Tuesday, September 17th. The stock was acquired at an average price of C$22.54 per share, with a total value of C$72,112.00. In the last 90 days, insiders purchased 12,300 shares of company stock worth $273,236. 32.03% of the stock is owned by insiders.

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.