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Gerdes Energy Research downgrades Cenovus Energy (CVE) to a Hold

Tipranks - Sat Mar 21, 4:06PM CDT

Cenovus Energy received a Hold rating and price target from Gerdes Energy Research analyst today.

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In addition to Gerdes Energy Research, Cenovus Energy also received a Hold from TipRanks – Anthropic’s Anthropic Oil and Gas Integrated in a report issued today. However, on the same day, TipRanks – OpenAI reiterated a Buy rating on Cenovus Energy (NYSE: CVE).

The company has a one-year high of C$34.84 and a one-year low of C$14.48. Currently, Cenovus Energy has an average volume of 9.76M.

Based on the recent corporate insider activity of 50 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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