Cenovus Energy Inc Just Recorded A Sigfniciant Decline

 Cenovus Energy Inc Just Recorded A Sigfniciant Decline

The stock of Cenovus Energy Inc (TSE:CVE) is a huge mover today! About 93,423 shares traded hands. Cenovus Energy Inc (TSE:CVE) has risen 8.63% since April 21, 2016 and is uptrending. It has outperformed by 3.22% the S&P500.
The move comes after 5 months negative chart setup for the $16.76 billion company. It was reported on Nov, 25 by Barchart.com. We have $18.33 PT which if reached, will make TSE:CVE worth $1.51 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. The stock of Cenovus Energy Inc (TSE:CVE) earned “Outperform” rating by RBC Capital Markets on Monday, June 20. Barclays Capital downgraded the stock to “Underweight” rating in Monday, October 12 report. The rating was upgraded by Credit Suisse to “Outperform” on Thursday, July 23. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, October 25. The stock of Cenovus Energy Inc (TSE:CVE) has “Hold” rating given on Thursday, August 11 by TD Securities. Scotia Capital maintained Cenovus Energy Inc (TSE:CVE) on Friday, July 29 with “Outperform” rating. Bank of America initiated the stock with “Neutral” rating in Friday, August 19 report. The firm has “Hold” rating given on Friday, August 21 by Societe Generale. The firm has “Neutral” rating by Nomura given on Thursday, January 21. The stock of Cenovus Energy Inc (TSE:CVE) has “Outperform” rating given on Friday, February 12 by National Bank Canada.

Another recent and important Cenovus Energy Inc (TSE:CVE) news was published by Wsj.com which published an article titled: “Cenovus Energy Posts Quarterly Loss” on October 27, 2016.

Cenovus Energy Inc is a Canada-based integrated oil company. The company has a market cap of $16.76 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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