Cenovus Energy Inc (CVE) has risen sharply, recording gains of 3.85% in the past 4 weeks. However, the stock has corrected -3.82% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.06% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.56% and the fifty day Moving Average is 4.01%. Cenovus Energy Inc. has dropped 4.01% during the last three month period . Year-to-Date the stock performance stands at 17.67%.
Cenovus Energy Inc (CVE) : The consensus price target for Cenovus Energy Inc (CVE) is $18.13 for the short term with a standard deviation of $3.4. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $23, however, the pessimist price target for the company is $14.
Cenovus Energy Inc (NYSE:CVE): On Fridays trading session , Opening price of the stock was $15.07 with an intraday high of $15.28. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.75. However, the stock managed to close at $14.85, a loss of 0.74% for the day. On the previous day, the stock had closed at $14.96. The total traded volume of the day was 1,116,190 shares.
Cenovus Energy Inc. is a Canada-based integrated oil company. The Company is engaged in the development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas in Canada with refining operations in the United States. The Company operates in four segments: Oil Sands segment, engaged in the development and production of Cenovuss bitumen assets at Foster Creek, Christina Lake and Narrows Lake, as well as projects in the early-stages of development, such as Grand Rapids and Telephone Lake, and Athabasca natural gas assets; Conventional segment, engaged in the development and production of conventional crude oil, natural gas liquids (NGLs) and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake; Refining and Marketing segment, engaged in the transporting, selling and refining crude oil into petroleum and chemical products.