Economy

Were Analysts Bearish Cenovus Energy Inc (USA) (NYSE:CVE) This Week?

Institutional investors now hold around $5.19 billion or 73.1% in CVE stock. The stock grabbed 36 new institutional investments totaling 8,487,792 shares while 53 institutional investors sold out their entire positions totaling 17,585,560 shares. Two Harbors Investment had 27 analyst reports since August 6, 2015 according to SRatingsIntel.

Several research firms have commented on CVE.

While looking at the Stock's Performance, Cenovus Energy Inc. now shows a Weekly Performance of 5.39%, where Monthly Performance is -4.4%, Quarterly performance is -8.86%, 6 Months performance is -38.76% and yearly performance percentage is -45.88%. In the last earnings report the EPS was $2.35 and is expected to be $0.35 for the current year with 1,228,790,000 shares presently outstanding. Neuberger Berman Group LLC now owns 12,992 shares of the oil and gas company's stock valued at $147,000 after buying an additional 900 shares during the period.

Beutel Goodman & Co Ltd increased Cenovus Energy (CVE) stake by 2.27% reported in 2016Q4 SEC filing. Similar statistics are true for the second largest owner, Royal Bank Of Canada, which owns 52,570,744 shares of the stock are valued at $387.97 million.

Company shares last traded at $8.02 which is marginally higher than $7.77, the 50 day moving average and impressively lower than the 200 day moving average of $9.63.

Cenovus Energy Inc. develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas in Canada. The company has a market cap of $9.85 billion, a P/E ratio of 3.42 and a beta of 0.56. A month ago, analyst EPS consensus estimated earnings of US$0.06 per share. Cenovus Energy had a return on equity of 3.20% and a net margin of 17.89%. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.40 billion. These analysts have also projected a Low Estimate of $-0.05/share and a High Estimate of $0.24/share. The company announced a dividend which was paid on Friday the 30th of June 2017. The dividend payment was $0.038 per share for the quarter which is $0.15 annualized.

The stock increased 0.24% or $0.08 on September 1, reaching $32.94. The ex-dividend date was Tuesday the 13th of June 2017. This is an increase from Cenovus Energy's previous quarterly dividend of $0.04. If you are reading this piece on another publication, it was illegally copied and republished in violation of USA and worldwide copyright & trademark law. BidaskClub cut shares of Cenovus Energy from a "hold" rating to a "sell" rating in a research note on Thursday, August 17th. Zacks Investment Research cut Cenovus Energy from a "buy" rating to a "hold" rating in a research report on Wednesday, July 26th. JP Morgan maintained Cenovus Energy Inc (USA) (NYSE:CVE) on Tuesday, December 15 with "Neutral" rating. Barclays Capital maintained the shares of BNPUF in report on Wednesday, September 7 with "Equal Weight" rating. ValuEngine lowered Cenovus Energy from a "hold" rating to a "sell" rating in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The stock of Cenovus Energy Inc (USA) (NYSE:CVE) earned "Conviction Buy" rating by Goldman Sachs on Friday, March 11.



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