Shares of Cenovus Energy Inc (NYSE:CVE) traded today at $10.20, eclipsing its 52-week high. This new high was reached on below average trading volume as 5.5 million shares traded hands, while the average 30-day volume is approximately 10.3 million shares.
In the past 52 weeks, Cenovus Energy Inc share prices are bracketed by a low of $3.15 and a high of $10.20 and is now at $10.04, 219% above that low price.
Potential upside of 384.2% exists for Cenovus Energy Inc, based on a current level of $10.04 and analysts’ average consensus price target of $48.64.
Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 472 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds 6.7 billion boe of proven and probable reserves.
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