11:38:15 EDT Wed 16 Jul 2025
Enter Symbol
or Name
USA
CA



Cenovus Energy Inc
Symbol CVE
Shares Issued 1,837,202,685
Close 2024-10-02 C$ 23.25
Market Cap C$ 42,714,962,426
Recent Sedar Documents

Globe says TD cuts targets at CNRL and Cenovus

2024-10-02 07:54 ET - In the News

See In the News (C-CNQ) Canadian Natural Resources Ltd

The Globe and Mail reports in its Wednesday, Oct. 2, edition that after updating their commodity price forecasts for the third quarter, as well as for 2024 and 2025, analysts at TD Cowen made significant changes to their natural gas expectations. The Globe's David Leeder writes in the Eye On Equities column that the TD Cowen analysts kept their oil price forecast unchanged but lowered their 2025 cash flow per share projections by an average of 3 per cent for the companies they cover. As a result, they also reduced their share target prices by 4 per cent. The TD analysts cut their share target for "buy"-rated Canadian Natural Resources to $56 from $60. Analysts on average target the shares at $54.68. "Buy"-rated Suncor was boosted to $60 from $59. Analysts on average target the shares at $60.12. The TD analysts lowered their share target for Cenovus Energy, which they rate "hold," to $31 from $33. Analysts on average target the shares at $32.95.

© 2025 Canjex Publishing Ltd. All rights reserved.