Impact of Brokerage Rating on Cenovus Energy Inc(CVE)

Many Cenovus Energy Inc(CVE) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Cenovus Energy Inc (USA) was Downgraded by Macquarie to Underperform on Jan 24, 2017. Cenovus Energy Inc (USA) was Downgraded by Goldman to Sell on Jan 23, 2017.

Cenovus Energy Inc (USA) Last issued its quarterly earnings results on Oct 27, 2016. The company reported $-0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.19. Analyst had a consensus of $-0.09.Analysts expectations of $ 2814.82.During the same quarter in the previous year, the company posted $-0.03 EPS.

Cenovus Energy Inc (NYSE:CVE) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.86 by 7 Brokerage Firm. 3 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Cenovus Energy Inc (NYSE:CVE): The stock price is expected to reach $ 18.16 in the short term. The number of analysts agreeing with this consensus is 6. The higher estimate for the short term price target is at $23 while the lower estimate is at $15. The standard deviation of the price stands at $2.65.

Cenovus Energy Inc (NYSE:CVE) rose 2.08% or 0.28 points on Tuesday and made its way into the gainers of the day. After trading began at $13.5 the stock was seen hitting $13.77 as a peak level and $13.37 as the lowest level. The stock ended up at $13.73. The daily volume was measured at 2,010,825 shares. The 52-week high of the share price is $16.82 and the 52-week low is $10.02. The company has a market cap of $11,441 million.

Cenovus Energy is an integrated oil company headquartered in Calgary, Alberta. The Companys 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 Energys 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.


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