Cenovus Energy Inc (NYSE:CVE) Under Analyst Spotlight


Several research analysts have weighed in on CVE shares. The stock gained 2.39 percent the session following the earnings reports were released, and on 7th day price change was -7.1 percent. Zacks Investment Research downgraded Cenovus Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, September 28th.

12/09/2016 - Cenovus Energy Inc had its "outperform" rating reiterated by analysts at RBC Capital. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company's stock. The sell-side target prices range from $13.01 to $19.03.

Cenovus Energy Inc (USA) opened for trading at $13.5 and hit $13.77 on the upside on Wednesday, eventually ending the session at $13.73, with a gain of 2.08% or 0.28 points. The company's stock had a trading volume of 2,830,241 shares. The company's market capitalization is $12.70 billion.

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The stock has a 50-day moving average of $14.29 and a 200-day moving average of $14.66. The stock has increased 31 percent in the last 12 months. The estimated EPS for the current quarter is said to be $-0.05. CVE has P/E (Price to Earnings ttm) value of 0, Forward P/E of 150.88, P/C (Price to cash per share) of 3.91 and Price to Free Cash Flow (P/FCF) value of 0. During the same quarter in the previous year, the company posted $-0.53 EPS.

Cenovus' total crude oil production rose about 10 per cent to 219,551 barrels per day in the fourth quarter. If you are reading this piece on another site, it was copied illegally and reposted in violation of USA and global trademark & copyright law. The legal version of this piece of content can be read at https://baseballnewssource.com/markets/cenovus-energy-inc-cve-upgraded-to-buy-by-societe-generale/439318.html.

12/09/2016 - Cenovus Energy Inc had its "hold" rating reiterated by analysts at TD Securities.

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The Calgary, Alberta-based oil producer earned $91 million Canadian dollars ($69.8 million), or 11 Canadian cents a share, in its latest quarter. The EPS consensus range is $-0.06-$0.03 on revenue between $3.05B and $2.47B. 3 stock experts have also suggested a buy rating. Connor Clark & Lunn Investment Management Ltd. raised its stake in Cenovus Energy by 116.2% in the third quarter. Montgomery Investment Management Inc. now owns 107,906 shares of the company's stock valued at $1,491,000 after buying an additional 35,586 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Cenovus Energy during the fourth quarter valued at about $76,311,000. Institutional investors own 68.12% of the company's stock.

Ferguson also told Reuters in an interview that given Cenovus' oil sands growth outlook, the company is more likely to sell than buy any production assets, and a couple of conventional oil projects have been earmarked for sale when markets are deemed appropriate. The Company is engaged in the development production and marketing of crude oil natural gas liquids (NGLs) and natural gas in Canada with refining operations in the United States.

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