Cenovus Energy Inc on Focus After Raising In Today’s Session

 Cenovus Energy Inc on Focus After Raising In Today's Session

The stock of Cenovus Energy Inc (TSE:CVE) is a huge mover today! About 359,738 shares traded hands. Cenovus Energy Inc (TSE:CVE) has risen 11.27% since April 1, 2016 and is uptrending. It has outperformed by 9.31% the S&P500.
The move comes after 5 months positive chart setup for the $15.08B company. It was reported on Nov, 7 by Barchart.com. We have $27.16 PT which if reached, will make TSE:CVE worth $6.94B more.

Cenovus Energy Inc (TSE:CVE) Ratings Coverage

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. $27 is the highest target while $15.50 is the lowest. The $20.42 average target is 9.78% above today’s ($18.6) stock price. Cenovus Energy Inc has been the topic of 32 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Cenovus Energy Inc (TSE:CVE) has “Buy” rating given on Friday, July 29 by TD Securities. The firm earned “Outperform” rating on Tuesday, October 25 by RBC Capital Markets. The rating was downgraded by TD Securities on Thursday, August 11 to “Hold”. The company was maintained on Tuesday, June 28 by Desjardins Securities. Scotia Capital maintained Cenovus Energy Inc (TSE:CVE) on Friday, July 29 with “Outperform” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, December 11. As per Friday, February 12, the company rating was upgraded by National Bank Canada. The firm has “” rating by Raymond James given on Monday, June 6. Nomura upgraded Cenovus Energy Inc (TSE:CVE) on Thursday, January 21 to “Neutral” rating. The company was upgraded on Tuesday, December 1 by Goldman Sachs.

More important recent Cenovus Energy Inc (TSE:CVE) news were published by: Wsj.com which released: “Cenovus Energy Posts Quarterly Loss” on October 27, 2016, also Business.Financialpost.com published article titled: “Cenovus Energy posts $267-million loss in second quarter, says cost-reductions …”, Seekingalpha.com published: “Cenovus Energy Inc. Is On The Rebound” on August 17, 2016. More interesting news about Cenovus Energy Inc (TSE:CVE) was released by: Nasdaq.com and their article: “Cenovus Energy Breaks Below 200-Day Moving Average – Notable for CVE” with publication date: November 04, 2016.

Cenovus Energy Inc is a Canada-based integrated oil company. The company has a market cap of $15.08 billion. It is engaged in the business of developing, producing and marketing crude oil, natural gas liquids and natural gas. It currently has negative earnings. The Company’s divisions include Oil Sands, Conventional, Refining and Marketing, and Corporate and Eliminations.

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