Economy

The Cenovus Energy Inc (CVE) Stock Rating Reaffirmed by Canaccord Genuity

CVE's SI was 30.56 million shares in September as released by FINRA. The stock touched 52-week High of $16.82 on 12/12/16 and 52-week Low of $6.76 on 06/23/17. Cenovus Energy now has $10.48 billion valuation.

The company declined -0.24% and closed its last trading session at $8.42. Cenovus Energy shares last traded at $8.29, with a volume of 6,960,263 shares trading hands. It has underperformed by 50.71% the S&P500. Short shares decreased from 30,561,280 to 27,177,354 over that timeframe. Dorchester Wealth Management Co added to its investment by buying 31,849 shares an increase of 7.2% as of 06/30/2017. It also reduced its holding in Telus Corp (NYSE:TU) by 272,400 shares in the quarter, leaving it with 11.50 million shares, and cut its stake in Cdn Natl Railway (NYSE:CNI).

The counter witnessed a trading volume of 3.69 million shares versus an average volume of 3.21 million shares during last trading session. Beutel Goodman & Co Ltd bought 958,607 shares as the company's stock declined 29.14% while stock markets rallied. Shares for $2.44 million were sold by Dolan Victoria L. The insider HUSTON JOHN J sold 14,000 shares worth $1.00 million. $575,350 worth of Colgate-Palmolive Company (NYSE:CL) was sold by KOGAN RICHARD J on Monday, May 8.

Investors sentiment increased to 0.9 in Q4 2016. It is negative, as 79 investors sold INTC shares while 690 reduced holdings. 91 funds opened positions while 363 raised stakes. 616.46 million shares or 0.02% less from 616.56 million shares in 2016Q3 were reported. Kistler stated it has 0.06% of its portfolio in Colgate-Palmolive Company (NYSE:CL). Deutsche Bankshares Ag invested in 533,595 shares. Stockholders of record on Friday, September 15th will be issued a dividend of $0.05 per share. During the same quarter previous year, the business earned ($0.05) EPS. Thompson Siegel And Walmsley Ltd Liability accumulated 589 shares. Wms Ptnrs holds 7,673 shares or 0.07% of its portfolio. Cutler Invest Counsel Limited Co has invested 1.69% in Intel Corporation (NASDAQ:INTC). Pennsylvania Trust Company invested 0.75% of its portfolio in Intel Corporation (NASDAQ:INTC). Thompson Davis & Inc has 107 shares for 0.01% of their portfolio. Vanguard Ftse Emerging Markets (VWO) was raised too. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Therefore 14% are positive.

CVE has been the subject of several analyst reports. Deutsche Bank maintained it with "Hold" rating and $71 target in Monday, November 2 report. The firm has "Hold" rating given on Wednesday, July 19 by Morgan Stanley. BMO Capital Markets dropped their target price on Cenovus Energy from C$20.00 to C$17.00 and set a "market perform" rating for the company in a research report on Tuesday, July 4th.

Cenovus Energy Inc is a Canada-based integrated oil company. It has a market cap of $9.86 Billion. Cenovus Energy's dividend payout ratio (DPR) is 8.33%. It has a 4.41 P/E ratio. This segment also owns 50% interest ownership in two refineries in the United States. Cenovus Energy Inc shares had a trading volume of 3,706K on Friday. Therefore 38% are positive. Cenovus Energy Inc had 24 analyst reports since July 21, 2015 according to SRatingsIntel. Zacks downgraded SEI Investments Company (NASDAQ:SEIC) on Tuesday, September 1 to "Hold" rating. Finally, Macquarie downgraded shares of Cenovus Energy from a "neutral" rating to an "underperform" rating in a report on Wednesday, June 21st. The stock of SEI Investments Company (NASDAQ:SEIC) has "Outperform" rating given on Thursday, January 28 by Oppenheimer. Cenovus Energy Inc had 24 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse Ag holds 230,852 shares.

TRADEMARK VIOLATION WARNING: "Cenovus Energy Inc (CVE) Price Target Increased to C$14.50 by Analysts at Canaccord Genuity" was originally posted by StockNewsTimes and is the property of of StockNewsTimes. The firm earned "Neutral" rating on Tuesday, December 1 by Goldman Sachs.



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