What Will Happen to Cenovus Energy Inc Next? The Stock Just Boosted A Lot

 What Will Happen to Cenovus Energy Inc Next? The Stock Just Boosted A Lot

The stock of Cenovus Energy Inc (TSE:CVE) is a huge mover today! About 615,758 shares traded hands. Cenovus Energy Inc (TSE:CVE) has risen 0.48% since April 26, 2016 and is uptrending. It has underperformed by 4.75% the S&P500.
The move comes after 6 months positive chart setup for the $16.76B company. It was reported on Nov, 30 by Barchart.com. We have $21.88 PT which if reached, will make TSE:CVE worth $1.01 billion 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 -1.07% below today’s ($20.64) stock price. Cenovus Energy Inc has been the topic of 32 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by National Bank Canada given on Friday, February 12. RBC Capital Markets maintained it with “Outperform” rating and $23 target price in Tuesday, October 25 report. The firm has “Buy” rating by TD Securities given on Friday, July 29. The rating was downgraded by TD Securities to “Hold” on Thursday, August 11. The firm has “Hold” rating given on Friday, August 21 by Societe Generale. The stock has “” rating given by Desjardins Securities on Tuesday, June 28. The stock of Cenovus Energy Inc (TSE:CVE) has “Outperform” rating given on Friday, December 11 by RBC Capital Markets. Barclays Capital downgraded Cenovus Energy Inc (TSE:CVE) on Monday, October 12 to “Underweight” rating. Scotia Capital maintained the shares of CVE in a report on Friday, July 29 with “Outperform” rating. TD Securities maintained Cenovus Energy Inc (TSE:CVE) rating on Friday, October 28. TD Securities has “Hold” rating and $21 price target.

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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