Canaccord Genuity restated their buy rating on shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) in a research report sent to investors on Monday.
Analysts believe that the company has the potential to earn average revenue of $4.04 Billion for the current quarter.
Cenovus Energy Inc. (NYSE:CVE) reported its EPS in the last quarter as $0.3/Share beating the analyst estimate of $0.03/Share by a difference of $0.27. CIBC dropped their price objective on Cenovus Energy from C$13.00 to C$11.00 in a research note on Thursday, July 20th. As the past trend shows, Cenovus Energy Inc.’s stock price has rallied after earnings in 17 of the last 28 quarters. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Cenovus Energy now has a consensus rating of “Buy” and a consensus price target of C$20.62. Cenovus Energy Inc (USA) (NYSE:CVE) has declined 34.01% since September 24, 2016 and is downtrending.
Digging a bit further, company shares have been noted -33.74% off the 52 week high and 18.48% away from the 52 week low. The company has market cap of 81.14 billion Euro. Looking at a shorter time period, shares have been seen -19.88% away from the 50 day high and 6.76% off the 50 day low price. The days to cover increased to 12.0 and the short interest percentage is 0.03% as of August 31.
Covering sell-side analysts have recently weighed in on shares of Twitter, Inc. Cenovus Energy had a net margin of 17.89% and a return on equity of 3.20%. Its down 0.61% from 345,000 shares previously. On average, equities research analysts anticipate that Cenovus Energy will post $0.39 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This news story was published by TrueBlueTribune and is the sole property of of TrueBlueTribune. Cenovus Energy Inc recently announced a dividend that was paid on Friday the 30th of June 2017.
Shares of Cenovus Energy Inc (TSE:CVE) traded up 0.77% during trading on Friday, reaching $13.15. According to their observations and findings, the stock could provide a high EPS of $0.13/share and a low EPS of $-0.05/share.
Cenovus Energy Inc is a Canada-based integrated oil company. Divestitures on the Horizon: “Time to Buy?” with publication date: “July 14, 2017. Cenovus Energy’s ongoing objective is to advance technologies that reduce the amount of water, steam, natural gas and electricity used in their operations and to decrease surface land disturbance.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pacad Investment Ltd. added to its ownership by buying 50,009 shares an increase of 214.6% in the quarter. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. Intact Investment Management Inc. now owns 151,950 shares of the oil and gas company’s stock worth $1,446,000 after purchasing an additional 600 shares in the last quarter. Bank of Nova Scotia Trust Co. boosted its stake in Cenovus Energy by 2.6% in the second quarter. The Akre Capital Management Llc holds 1.46M shares with $289.49 million value, up from 1.45M last quarter.
The TTM operating margin for the company stands at 3.4%. Finally, Capstone Asset Management Co. boosted its position in shares of Cenovus Energy by 1.6% during the second quarter. Neuberger Berman Group LLC now owns 12,992 shares of the oil and gas company’s stock valued at $147,000 after buying an additional 900 shares in the last quarter.