Revenue Estimates Analysis Of Cenovus Energy Inc. (CVE)

The stock realized a rise in short interest between August 15, 2017 and August 31, 2017 of 26.55%. A total of 3.54 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 5.02 Million shares, while its relative volume stands at 0.7.

Shares of Cenovus Energy (CVE) opened at 11.02 on Thursday. Its last month's stock price volatility remained 2.78% which for the week approaches 3.14%.

Cenovus Energy Inc (NYSE:CVE) has grabbed attention from the analysts, when it saw a value increase of 1.11% or 0.1 points in the last trading session to close at $9.14. The fund owned 5,648,277 shares of the oil and gas company's stock after selling 1,306,271 shares during the quarter.

The company's P/E ratio is 3.80 and the market value is 11.11B.

Research Firm Zacks Investment Research's Earnings Per Share averages are a mean estimate based on a study of investment banking investment analysts that that provide coverage for Cenovus Energy. As of the latest earnings report the EPS was $2.38 and is expected to be $0.40 for the current year with 1,228,790,000 shares outstanding. Cenovus Energy had a return on equity of 3.20% and a net margin of 17.89%. The value of the total investment in Cenovus Energy Inc decreased from $4,981,000 to $3,480,000 a change of 30.1% since the last quarter. During the same period in the prior year, the business posted ($0.05) earnings per share. Analysts expect next quarter's EPS will be $0.01 with next year's EPS anticipated to be $0.11.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. This is a boost from Cenovus Energy's previous quarterly dividend of $0.04. Divestitures on the Horizon: "Time to Buy?" with publication date: "July 14, 2017. The original version of this story can be viewed at This represents a $0.16 dividend on an annualized basis and a yield of 1.71%. Cenovus Energy's dividend payout ratio is presently 8.89%. The stock is unnoticeable among investors as CVE reported unfavorable performance of -39.59%.

Technical analysis is as a method that applies to take a guess of future price trends through analyzing market action. Royal Bank Of Canada reiterated an outperform rating and issued a C$23.00 price target on shares of Cenovus Energy in a report on Tuesday, July 4th. Finally, CIBC decreased their price target on shares of Cenovus Energy from C$18.00 to C$13.00 in a report on Wednesday, June 21st. Canaccord Genuity reiterated a "buy" rating and issued a $14.00 price target on shares of Cenovus Energy in a research report on Tuesday, September 5th. Four brokerage firms recommended the company shares with a sell recommendation, around seven have published a hold recommendation and around seven has issued a buy recommendation to The corporation.

The company's consensus rating on Reuter's scale remained unchanged from 1.75 to 1.75 during a month. The total value of its holdings increased 105.3%. Neuberger Berman Group LLC now owns 12,992 shares of the oil and gas company's stock valued at $147,000 after purchasing an additional 900 shares during the last quarter. TD Asset Management Inc. increased its holdings in Cenovus Energy by 5.3% during the 2nd quarter. The company had Year Ago Sales of 2.66 Billion. As of the end of the quarter Pacad Investment Ltd. had acquired 50,009 shares growing its holdings by 214.6%. First Eagle Investment Management LLC now owns 32,113,640 shares of the oil and gas company's stock worth $236,678,000 after purchasing an additional 437,897 shares during the last quarter. Letko Brosseau & Associates Inc. now owns 27,158,632 shares of the oil and gas company's stock worth $199,920,000 after purchasing an additional 7,354,590 shares during the last quarter. Finally, Partners Value Investments LP lifted its stake in Cenovus Energy by 50.0% in the second quarter.

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