The stock of Cenovus Energy Inc (USA) (NYSE:CVE) is a huge mover today! About 441,805 shares traded hands. Cenovus Energy Inc (USA) (NYSE:CVE) has risen 0.93% since April 13, 2016 and is uptrending. It has underperformed by 2.99% the S&P500.
The move comes after 8 months positive chart setup for the $12.28B company. It was reported on Nov, 15 by Barchart.com. We have $23.08 PT which if reached, will make NYSE:CVE worth $7.00B more.
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. Goldman Sachs upgraded the shares of CVE in a report on Friday, March 11 to “Conviction Buy” rating. The company was upgraded on Monday, June 13 by Morgan Stanley. The firm has “Buy” rating given on Tuesday, January 26 by Goldman Sachs. As per Tuesday, January 26, the company rating was downgraded by UBS. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, April 28 report. Nomura upgraded the stock to “Neutral” rating in Thursday, January 21 report. The stock has “Underweight” rating given by Barclays Capital on Monday, October 12. Goldman Sachs upgraded the stock to “Neutral” rating in Tuesday, December 1 report. The company was maintained on Tuesday, December 15 by JP Morgan. The stock of Cenovus Energy Inc (USA) (NYSE:CVE) has “Neutral” rating given on Friday, August 19 by Bank of America.
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.”
More notable recent Cenovus Energy Inc (USA) (NYSE:CVE) news were published by: Fool.ca which released: “Better Buy: Cenovus Energy Inc. vs. Canadian Natural Resources Limited” on May 30, 2016, also Fool.ca with their article: “Should Investors Buy Cenovus Energy Inc. to Play an Oil Rebound?” published on February 18, 2016, Usatoday.com published: “Cenovus Energy Stock Upgraded: 3 Things You Need to Know” on June 16, 2016. More interesting news about Cenovus Energy Inc (USA) (NYSE:CVE) were released by: Fool.ca and their article: “Cenovus Energy Inc.: Will it Survive the Oil Rout?” published on November 16, 2015 as well as Fool.ca‘s news article titled: “Why Did Moody’s Cut Encana Corporation and Cenovus Energy Inc. to Junk Status?” with publication date: February 22, 2016.
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