What’s Next for Cenovus Energy Inc After Today’s Huge Decline?


The stock of Cenovus Energy Inc (TSE:CVE) is a huge mover today! About 1.46 million shares traded hands or 8.15% up from the average. Cenovus Energy Inc (TSE:CVE) has risen 15.08% since February 5, 2016 and is uptrending. It has underperformed by 1.41% the S&P500.
The move comes after 7 months negative chart setup for the $14.79B company. It was reported on Sep, 13 by Barchart.com. We have $16.92 PT which if reached, will make TSE:CVE worth $887.40M less.

Out of 8 analysts covering Cenovus Energy Inc (TSE:CVE), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. Cenovus Energy Inc has been the topic of 22 analyst reports since September 15, 2015 according to StockzIntelligence Inc.

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