Analysts are also projecting an Average Revenue Estimate for Cenovus Energy Inc.as $3.5 Million in the Current Quarter. Capital Fund Management S.A. increased its stake in shares of Cenovus Energy by 80.2% in the second quarter.
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CVE has been the topic of a number of recent analyst reports. Canaccord Genuity reissued a "hold" rating and issued a $16.50 price target on shares of Cenovus Energy in a research note on Wednesday, April 26th. More interesting news about Cenovus Energy Inc (USA) (NYSE:CVE) were released by: Fool.ca and their article: "Is Cenovus Energy Inc. or Suncor Energy Inc". Ameriprise Financial Inc. now owns 117,706 shares of the oil and gas company's stock worth $1,326,000 after buying an additional 21,046 shares during the last quarter. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company's stock. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corp expanded its position by buying 2,090,400 shares an increase of 44.6%. First Eagle Investment Management LLC now owns 31,675,743 shares of the oil and gas company's stock worth $357,936,000 after buying an additional 6,448,369 shares during the period.
5,005K shares changed hands by the end of trading on Friday. Capstone Asset Management Co. now owns 87,709 shares of the oil and gas company's stock valued at $646,000 after buying an additional 1,350 shares during the last quarter. (CVE) holds floating shares of 1.02 billion and 1.19 billion outstanding shares. Investors of this company earned a return of 9.00% on the assets it owns in past twelve month.
As of the end of the quarter Teachers Advisors, LLC had disposed of a total of 1,306,271 shares trimming its position 18.8%.
Parametric Portfolio Associates LLC raised its position in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 26.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Cenovus Energy Inc has $27 highest and $1100 lowest target.More news: Stoneman, Crane included in England squad for first Test against West Indies
The P/E ratio is now 3.36 and market capitalization is 9.81B.
Shares are trading at $7.98 marginally over the 50 day moving average of $7.62 and well below the 200 day moving average of $10.29.
Cenovus Energy (TSE:CVE) opened at 10.54 on Thursday. The oil and gas company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.24. Cenovus Energy had a return on equity of 3.20% and a net margin of 17.89%. Cenovus Energy Inc recently declared a dividend paid on Friday the 30th of June 2017. Investors of record on Friday, September 15th will be issued a dividend of $0.039 per share.
In Basic Materials sector, Cenovus Energy Inc. The ex-dividend date was Tuesday the 13th of June 2017. Next quarter's EPS is estimated at $0.09 and the next full year EPS is projected to be $0.31.
Cenovus Energy Inc. develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas in Canada. The correct version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/09/cenovus-energy-inc-cve-price-target-cut-to-c11-00-updated-updated.html.
CVE has been the subject of a number of research reports. BidaskClub downgraded Cenovus Energy from a "sell" rating to a "strong sell" rating in a report on Thursday, June 22nd. UBS AG lowered shares of Cenovus Energy from a "market perform" rating to an "underperform" rating in a research note on Wednesday, July 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.95%. ValuEngine upgraded shares of Cenovus Energy from a "sell" rating to a "hold" rating in a research report on Friday, July 28th.