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Jefferies Sticks to Its Buy Rating for Cenovus Energy (CVE)

Tipranks - Tipranks - Tue Apr 14, 7:22AM CDT

In a report released today, Lloyd Byrne from Jefferies maintained a Buy rating on Cenovus Energy, with a price target of C$42.00.

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Byrne covers the Energy sector, focusing on stocks such as Sable Offshore, EQT, and Ovintiv. According to TipRanks, Byrne has an average return of 21.0% and a 62.06% success rate on recommended stocks.

In a report released on April 9, UBS also maintained a Buy rating on the stock with a C$41.00 price target.

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CVE market cap is currently C$67.43B and has a P/E ratio of 10.69.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CVE in relation to earlier this year.

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