Cenovus Energy (CVE) PT Raised to C$14.00

Jeannie Matthews
January 14, 2018

Cibc Asset Management Inc bought 3.58 million shares as the company's stock declined 29.14% while stock markets rallied. The Oil Sands segment includes the development and production of bitumen and natural gas in northeast Alberta.

Traders are taking a second look at how shares of Cenovus Energy Inc (CVE) have been performing lately. About 4.38M shares traded or 9.49% up from the average. Cenovus Energy Inc. (TSE:CVE) has 0.00% since January 13, 2017 and is. It has underperformed by 50.71% the S&P500. Cenovus Energy Inc had 25 analyst reports since July 21, 2015 according to SRatingsIntel. The firm owned 324,500 shares of the company's stock after buying an additional 56,900 shares during the period. The company has market cap of $13.22 billion. About 1.72M shares traded. It has underperformed by 1.71% the S&P500.

Cenovus Energy Inc. (CVE) reported its last quarterly earnings on 9/29/2017 where the firm reported its Actual EPS of $0.19/share against the analyst consensus estimate of $0.12/share. Therefore 27% are positive. Cenovus Energy has a 1 year low of C$8.89 and a 1 year high of C$19.73. (NYSE:CVE) earned "Buy" rating by Goldman Sachs on Tuesday, January 26. National Bank Canada upgraded the stock to "Outperform" rating in Friday, February 12 report. As per Friday, December 11, the company rating was maintained by RBC Capital Markets. As per Tuesday, January 26, the company rating was downgraded by UBS. As per Thursday, June 22, the company rating was maintained by Goldman Sachs. Can now owns 8,766,311 shares of the oil and gas company's stock worth $87,746,000 after acquiring an additional 4,907,358 shares during the period.

Among 23 analysts covering Pentair Inc. This represents a change of 1.21% from the opening. CVE's profit would be $60.60 million giving it 54.55 P/E if the $0.05 EPS is correct.

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Investors sentiment decreased to 0.84 in 2017 Q3. It turned negative, as 47 investors sold EBAY shares while 306 reduced holdings. Its up 296% from 2,500 shares previously. Great West Life Assurance Co. Old West Inv Mgmt Limited Liability Corp reported 6.34% stake. The firm's institutional ownership was registered as 91.70%, while insider ownership was 1.60%. Prudential accumulated 1.40 million shares. Miles Cap has 48,515 shares.

It will be interesting to see how Cenovus Energy Inc. does in the future, and for investors alike. Weaver C Barksdale And Associate owns 3,871 shares or 0.12% of their U.S. portfolio. The debt to equity ratio appeared as 0.95 for seeing its liquidity position. Swift Run Capital, Virginia-based fund reported 24,907 shares. The company has 1 year Price Target of $11.2. Essex Invest Management Ltd holds 0.36% or 69,260 shares. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Therefore 38% are positive. PBF Energy Inc had 57 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with "Hold" on Wednesday, August 2. The stock of PBF Energy Inc. The rating was downgraded by Barclays Capital on Monday, October 12 to "Underweight". As per Monday, July 10, the company rating was maintained by RBC Capital Markets. On Friday, November 20 the stock rating was downgraded by Morgan Stanley to "Equal-Weight". On Friday, January 13 the stock rating was upgraded by JP Morgan to "Overweight".

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