Cenovus Energy Inc (CVE) Has Stock More Room to Run

Cenovus Energy Inc (CVE) Has Stock More Room to Run”

Let's have a look at some of the important valuation ratios of the Cenovus Energy Inc (CVE).

Analysts have given a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cenovus Energy Inc (USA) (NYSE:CVE) has declined 34.01% since September 12, 2016 and is downtrending. TD Asset Management Inc. raised its holdings in shares of Cenovus Energy by 46.9% during the 1st quarter. First Eagle Investment Management LLC raised its holdings in shares of Cenovus Energy by 25.6% during the 1st quarter. FMR LLC now owns 43,684,595 shares of the oil and gas company's stock valued at $494,381,000 after acquiring an additional 10,833,896 shares during the last quarter.

On the other hand the company has Relative Strength Index (RSI 14) of 68.58 along with Average True Range (ATR 14) of 0.27, Consequently Cenovus Energy Inc (NYSE:CVE)'s weekly and monthly volatility is 3.22%, 3.07% respectively.

What Historical Figures Say About Cenovus Energy Inc. Lincluden Management Ltd. now owns 5,122,563 shares of the oil and gas company's stock valued at $38,891,000 after acquiring an additional 5,117,777 shares during the last quarter. The company has a market capitalization of $11.07 billion, a P/E ratio of 3.79 and a beta of 0.56. The California-based Crosslink Capital Inc has invested 1.56% in the stock. The stock was trading at a distance of -48.45% from its 52-week highs and stands 28.25% away from its 52-week lows.

A number of equities analysts have issued reports on the stock.

COPYRIGHT VIOLATION NOTICE: "DekaBank Deutsche Girozentrale Reduces Stake in Cenovus Energy Inc (CVE)" was reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this report on another publication, it was stolen and reposted in violation of United States and global trademark and copyright law. Cenovus Energy Inc has a 1-year low of $6.76 and a 1-year high of $16.82. Zacks Investment Research lowered shares of Cenovus Energy from a "buy" rating to a "hold" rating in a report on Wednesday, July 26th. Goldman Sachs maintained the stock with "Neutral" rating in Thursday, June 22 report.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last posted its quarterly earnings data on Thursday, July 27th. Narrowing in, the stock is at a distance of -27.51% from the 50 day high and 15.94% off of the 50 day low. The consensus mean EPS for the current quarter is at $0.06 derived from a total of 4 estimates from the analysts who have weighed in on projected earnings. The original version of this news story can be viewed at (The) reiterated a "neutral" rating and set a $8.00 target price on shares of Cenovus Energy in a research report on Thursday, June 22nd. Cenovus Energy now has a consensus rating of "Hold" and an average price target of $17.04. Furthermore on 1/23/17 Goldman Sachs "Downgrades" the stock to Sell at $0. Cenovus Energy had a net margin of 17.89% and a return on equity of 3.20%. Based on Cenovus Energy Inc's current price of $8.67, the dividend is 0.46 %. During the same period in the prior year, the firm earned ($0.05) earnings per share. Investors of record on Friday, September 15th will be given a dividend of $0.039 per share. The indicated annual dividend is $0.16. This is a positive change from Cenovus Energy's previous quarterly dividend of $0.04. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation.

Cenovus Energy Inc (CVE) now the company's industry has 12.18 P/E and the sector P/E is 16.43.

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