Economy

$0.05 EPS Expected for Cenovus Energy Inc (USA) (CVE)

(MA) by 2.1% based on its latest 2017Q2 regulatory filing with the SEC. The hedge fund held 144,485 shares of the business services company at the end of 2017Q2, valued at $17.55 million, down from 147,585 at the end of the previous reported quarter. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 3.89 and a beta of 0.60. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. About 4.29M shares traded or 0.94% up from the average. Mastercard Inc (NYSE:MA) has risen 24.16% since October 24, 2016 and is uptrending. It has outperformed by 87.92% the S&P500.

On the other hand the company has Relative Strength Index (RSI 14) of 49.42 along with Average True Range (ATR 14) of 0.29, Consequently Cenovus Energy Inc (NYSE:CVE)'s weekly and monthly volatility is 3.12%, 2.51% respectively. The company has market cap of $14.73 billion.

Shares of Cenovus Energy Inc. At the close of regular trading, its last week's stock price volatility was 2.51% which for the month reaches 2.66%. Lincluden Management Ltd. now owns 5,122,563 shares of the oil and gas company's stock worth $38,891,000 after acquiring an additional 5,117,777 shares in the last quarter.

Analysts expect Cenovus Energy Inc (TSE:CVE) to report $0.06 EPS on October, 26.They anticipate $0.34 EPS change or 121.43% from last quarter's $-0.28 EPS. It has underperformed by 16.70% the S&P500. It worsened, as 48 investors sold MA shares while 480 reduced holdings. The daily trading volume has averaged 1.05 million shares a day in past 3 months. Duquesne Family Office Lc holds 165,200 shares. The Pennsylvania-based Wheatland Advisors Inc has invested 2.16% in the stock. Bluecrest Mngmt Limited reported 0.22% of its portfolio in Mastercard Inc (NYSE:MA). This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock. The rating was maintained by Robert W. Baird with "Buy" on Monday, October 16. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock.

Additionally on 6/27/17 National Bank Financial "Initiates Coverage On" Cenovus Energy Inc (NYSE:CVE) to Sector Perform setting price target at $0 and on 6/22/17 Goldman Sachs "Reinstates" the stock to Neutral at $0. The company presently has an average rating of "Buy" and a consensus target price of $20.33. Wedbush has "Outperform" rating and $126 target.

Analysts await PPL Corp (NYSE:PPL) to report earnings on November, 7.

While considering growth estimates of the company, it has next quarter growth estimates of -61.3% whereas during current quarter it has 150% estimations over growth, comparing to the estimations of 238.9% during current year and -72% for next year.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings.

Currently Cenovus Energy Inc (NYSE:CVE)'s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 73.1%. Also Businesswire.com published the news titled: "Mastercard Incorporated to Host Conference Call on Third-Quarter 2017 ..." on September 27, 2017. Asset Sales Create Buying Opportunity" on September 26, 2017, also Fool.ca with their article: "Cenovus Energy Inc. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Cenovus Energy during the third quarter worth approximately $197,000.

Cenovus Energy (NYSE CVE) traded down 0.32% during mid-day trading on Monday, reaching $9.44. Therefore 44% are positive. Cenovus Energy Inc had 58 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has "Neutral" rating by JP Morgan on Tuesday, December 15. The rating was downgraded by Goldman Sachs to "Sell" on Monday, January 23.

05/26/2017 - Cenovus Energy Inc had its "outperform" rating reiterated by analysts at Credit Suisse.

Cenovus Energy Inc. (CVE) now has a Return on Assets (ROA) value of 9 Percent. The company was downgraded on Wednesday, June 21 by Macquarie Research. BidaskClub upgraded Cenovus Energy from a strong sell rating to a sell rating in a report on Wednesday, August 2nd. The stock of Cenovus Energy Inc (TSE:CVE) has "Outperform" rating given on Wednesday, June 21 by RBC Capital Markets.

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