The stock of Cenovus Energy Inc (USA) (NYSE:CVE) is a huge mover today! About 947,723 shares traded hands. Cenovus Energy Inc (USA) (NYSE:CVE) has risen 18.95% since March 2, 2016 and is uptrending. It has outperformed by 10.69% the S&P500.
The move comes after 7 months positive chart setup for the $12.28B company. It was reported on Oct, 5 by Barchart.com. We have $24.12 PT which if reached, will make NYSE:CVE worth $7.74B more.
Analysts await Cenovus Energy Inc (USA) (NYSE:CVE) to report earnings on November, 3. They expect $-0.05 EPS, down 66.67% or $0.02 from last year’s $-0.03 per share. After $-0.04 actual EPS reported by Cenovus Energy Inc (USA) for the previous quarter, Wall Street now forecasts 25.00% negative EPS growth.
Cenovus Energy Inc (USA) (NYSE:CVE) Ratings Coverage
Out of 12 analysts covering Cenovus Energy Inc (NYSE:CVE), 6 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 50% are positive. Cenovus Energy Inc has been the topic of 15 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, January 21 by Nomura. The stock of Cenovus Energy Inc (USA) (NYSE:CVE) earned “Buy” rating by Goldman Sachs on Tuesday, January 26. JP Morgan maintained the stock with “Neutral” rating in Tuesday, December 15 report. The stock of Cenovus Energy Inc (USA) (NYSE:CVE) earned “Underweight” rating by Barclays Capital on Monday, October 12. The rating was initiated by Bank of America on Friday, August 19 with “Neutral”. The stock has “Neutral” rating given by UBS on Tuesday, January 26. As per Friday, March 11, the company rating was upgraded by Goldman Sachs. The company was upgraded on Monday, June 13 by Morgan Stanley. The stock of Cenovus Energy Inc (USA) (NYSE:CVE) has “Neutral” rating given on Tuesday, December 1 by Goldman Sachs. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, April 28.
According to Zacks Investment Research, “Cenovus Energy is an integrated oil company headquartered in Calgary, Alberta. The Company’s operations include their growing enhanced oil projects and established natural gas and crude oil production in Alberta and Saskatchewan. The Company has four top-quality enhanced oil projects: Foster Creek, Christina Lake, Pelican Lake and Weyburn. Foster Creek, Christina Lake and Pelican Lake are located in northeast Alberta, and Weyburn is in Saskatchewan. The Company also has ownership interest in two high-quality refineries in Illinois and Texas. 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.”
Another recent and important Cenovus Energy Inc (USA) (NYSE:CVE) news was published by Fool.ca which published an article titled: “Better Buy: Cenovus Energy Inc. vs. Canadian Natural Resources Limited” on May 30, 2016.
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