Is Cenovus Energy Inc a Sell? The Stock Declines Again

 Is Cenovus Energy Inc a Sell? The Stock Declines Again

The stock of Cenovus Energy Inc (TSE:CVE) is a huge mover today! About 897,455 shares traded hands. Cenovus Energy Inc (TSE:CVE) has risen 11.65% since April 8, 2016 and is uptrending. It has outperformed by 6.66% the S&P500.
The move comes after 7 months negative chart setup for the $15.64B company. It was reported on Nov, 14 by Barchart.com. We have $17.10 PT which if reached, will make TSE:CVE worth $1.41 billion less.

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. Cenovus Energy Inc has been the topic of 32 analyst reports since July 31, 2015 according to StockzIntelligence Inc. TD Securities maintained the stock with “Hold” rating in Friday, October 28 report. The stock of Cenovus Energy Inc (TSE:CVE) has “” rating given on Tuesday, June 28 by Desjardins Securities. The rating was downgraded by Barclays Capital on Monday, October 12 to “Underweight”. The stock of Cenovus Energy Inc (TSE:CVE) earned “Buy” rating by Goldman Sachs on Tuesday, January 26. On Tuesday, October 25 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Cenovus Energy Inc (TSE:CVE) earned “Neutral” rating by Nomura on Thursday, January 21. Goldman Sachs upgraded the shares of CVE in a report on Tuesday, December 1 to “Neutral” rating. The rating was maintained by Societe Generale with “Hold” on Friday, August 21. TD Securities maintained Cenovus Energy Inc (TSE:CVE) on Friday, July 29 with “Buy” rating. The firm has “Neutral” rating by Bank of America given on Friday, August 19.

More news for Cenovus Energy Inc (TSE:CVE) were recently published by: Seekingalpha.com, which released: “Hunting For Energy Discounts? Consider Cenovus Energy” on November 14, 2016. Wsj.com‘s article titled: “Cenovus Energy Posts Quarterly Loss” and published on October 27, 2016 is yet another important article.

Cenovus Energy Inc is a Canada-based integrated oil company. The company has a market cap of $15.64 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment