Cenovus Energy Inc with ticker code (CVE) now have 14 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 13.38 and 7.87 calculating the mean target price we have 10.85. With the stocks previous close at 4.74 this indicates there is a potential upside of 128.9%. The 50 day moving average now sits at 4.64 and the 200 day moving average is 5.64. The company has a market cap of $5,736m. You can visit the company’s website by visiting: http://www.cenovus.com
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 operates through Oil Sands, Deep Basin, and Refining and Marketing segments. The Oil Sands segment develops and produces bitumen in northeast Alberta. Its bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development. The Deep Basin segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas of British Columbia and Alberta, as well as various interests in natural gas processing facilities. The Refining and Marketing segment transports, sells, and refines crude oil into petroleum and chemical products. This segment owns a 50% ownership in Wood River and Borger refineries located in the United States; and owns and operates a crude-by-rail terminal in Alberta. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.