Cenovus Energy Inc (NYSE:CVE) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 1.88 by 8 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 3 stock experts have also suggested a buy rating. 2 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Morgan Stanley upgrades its outlook on Cenovus Energy Inc (NYSE:CVE). The current rating of the shares is Overweight, according to the research report released by the firm. Previously, the company had a rating of Equal-weight. The rating by the firm was issued on June 13, 2016.
Cenovus Energy Inc (NYSE:CVE): 7 analysts have set the short term price target of Cenovus Energy Inc (NYSE:CVE) at $17.96. The standard deviation of short term price target has been estimated at $3.54, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 23 and $15 respectively.
Cenovus Energy Inc (NYSE:CVE) rose 0.62% or 0.09 points on Tuesday and made its way into the gainers of the day. After trading began at $14.48 the stock was seen hitting $14.825 as a peak level and $14.39 as the lowest level. The stock ended up at $14.65. The daily volume was measured at 1,540,651 shares. The 52-week high of the share price is $17.34 and the 52-week low is $9.1. The company has a market cap of $12,208 million.
Shares of Cenovus Energy Inc. rose by 0.34% in the last five trading days and 0.27% for the last 4 weeks. Cenovus Energy Inc. is up 9.98% in the last 3-month period. Year-to-Date the stock performance stands at 16.09%.
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.