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Cenovus Energy (CVE) Receives a Buy from ATB Cormark Capital Markets

Tipranks - Tipranks - Tue Feb 24, 7:16AM CST

In a report released yesterday, Patrick O’rourke from ATB Cormark Capital Markets maintained a Buy rating on Cenovus Energy, with a price target of C$34.00.

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According to TipRanks, O’rourke is an analyst with an average return of -11.5% and a 32.46% success rate. O’rourke covers the Energy sector, focusing on stocks such as Cenovus Energy, Suncor Energy, and Birchcliff Energy.

In addition to ATB Cormark Capital Markets, Cenovus Energy also received a Buy from TipRanks – OpenAI’s OpenAI Oil and Gas Integrated in a report issued on February 21. However, on the same day, TipRanks – Anthropic downgraded Cenovus Energy (NYSE: CVE) to a Hold.

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The company has a one-year high of C$31.81 and a one-year low of C$14.48. Currently, Cenovus Energy has an average volume of 10.47M.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CVE in relation to earlier this year.

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