Zacks Rating on Cenovus Energy Inc (CVE)

Cenovus Energy Inc (CVE) has an average broker rating of 2, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 2 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 2, which is also a Buy.

Cenovus Energy Inc (CVE) : The highest short term price target forecast on Cenovus Energy Inc (CVE) is $23 and the lowest target price is $14. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $18.13 with a standard deviation of $3.4.


Cenovus Energy Inc. has dropped 2.08% in the last five trading days, however, the shares have posted positive gains of 10.91% in the last 4 weeks. Cenovus Energy Inc. is up 2.31% in the last 3-month period. Year-to-Date the stock performance stands at 19.26%. Cenovus Energy Inc (NYSE:CVE): On Tuesdays trading session , Opening price of the stock was $15.08 with an intraday high of $15.2. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.95. However, the stock managed to close at $15.05, a loss of 0.33% for the day. On the previous day, the stock had closed at $15.1. The total traded volume of the day was 1,179,881 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.

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