06/21/2017 - Cenovus Energy Inc was downgraded to "underperform" by analysts at Macquarie. A rating of 4 or 5 would represent a Sell recommendation.
06/22/2017 - Cenovus Energy Inc had its "neutral" rating reiterated by analysts at Goldman Sachs. Royal Bank Of Canada reissued a "buy" rating and issued a $15.00 price target on shares of Cenovus Energy in a research note on Monday. Finally, BidaskClub lowered shares of Cenovus Energy from a "hold" rating to a "sell" rating in a research report on Thursday, August 17th. The stock of Cenovus Energy Inc (TSE:CVE) has "Underweight" rating given on Monday, October 12 by Barclays Capital.
When we look at the Analyst Recommendations of the stock, the company has 1.57 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. The company has a consensus rating of Hold and an average price target of $16.06.
That deal doubled Cenovus' production assets, but dented its balance sheet, sent the company's shares tumbling, prompted some investors to revolt and led to the resignation of Chief Executive Brian Ferguson. Prior to that, on September 5, the company announced the sale of its Pelican Lake heavy oil operations in Northern Alberta for C$975 million (US$781 million) in cash to Canadian Natural Resources Ltd (CNRL). The firm's 50-day moving average is $14.72 and its 200-day moving average is $14.54.
Boasting a price of $12.54, Cenovus Energy (TSE:CVE) traded -0.16% lower on the day. The stock's market capitalization is 12.30B. About shares traded. Cenovus Energy Inc (USA) (NYSE:CVE) has declined 34.01% since October 20, 2016 and is downtrending. The oil and gas company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.24.More news: Terrorism ruled out in Munich knife attack
According to 2 analysts, the Average Revenue Estimate for the current Fiscal quarter is $4.97 Billion and the Low Revenue estimate is $4.92 Billion, while the High Revenue estimate is $5.02 Billion.
The ratios of the return on assets (ROA) and the return on owner's equity (ROE) are the most used profitability ratios in the analysis while ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. During the same period previous year, the business earned ($0.05) earnings per share. If you are viewing this report on another site, it was stolen and reposted in violation of United States and worldwide trademark and copyright law. If you are viewing this story on another publication, it was stolen and reposted in violation of US & global copyright & trademark laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2017/10/20/cenovus-energy-inc-cve-upgraded-to-buy-at-zacks-investment-research.html.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. The ex-dividend date of this dividend is Tuesday, December 13th. With 1,500 avg volume, 0 days are for CAMBRIDGE BANCORP (NASDAQ:CATC)'s short sellers to cover CATC's short positions. The stock increased 10.53% or $0.0002 on October 19, reaching $0.0021.
Several other equities research analysts also recently weighed in on the stock. Allegis Investment Advisors LLC grew its position in Cenovus Energy by 16.9% during the 2nd quarter. FNY Partners Fund LP bought a new stake in Cenovus Energy in the first quarter worth about $113,000. Finally, First Commonwealth Financial Corp PA acquired a new stake in Cenovus Energy during the 2nd quarter worth approximately $114,000.