Short Term Rating on Cenovus Energy Inc (CVE)

Cenovus Energy Inc (CVE) has an average broker rating of 1.88, which is interpreted as a Buy, as rated by 8 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Cenovus Energy Inc (CVE) : Currently there are 7 street experts covering Cenovus Energy Inc (CVE) stock. The most bullish and bearish price target for the stock is $23 and $15 respectively for the short term. The average price target of all the analysts comes to $18. The estimated standard deviation from the target is $3.54.

Company shares have received an average consensus rating of Hold for the current week


Cenovus Energy Inc (NYSE:CVE): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.11 and $13.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.36, notching a gain of 4.89% for the day. The total traded volume was 2,154,307 . The stock had closed at $13.69 on the previous day.

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.

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