CVE has been the subject of a number of recent research reports. BMO Capital Markets cut their target price on shares of Cenovus Energy from C$20.00 to C$17.00 and set a "market perform" rating for the company in a research report on Friday, April 7th. (CVE) has a trading volume of 4.46 Million shares, with an average trading volume of 4010 shares - with shares dropping to a 52 week low of $9.18, and the company's shares hitting a 52 week high of $ 16.82. Zacks Investment Research raised Cenovus Energy from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research report on Wednesday, February 8th.
Additionally on 1/23/17 Goldman Sachs "Downgrades" Cenovus Energy Inc (NYSE:CVE) to Sell setting price target at $0 and on 12/13/16 Edward Jones "Downgrades" the stock to Hold at $0. Bank Of Montreal acquired 1.80 million shares as Cenovus Energy Inc (CVE)'s stock rose 5.29%. The stock had a trading volume of 3,408,467 shares.
Cenovus Energy Inc (CVE) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 27.09 P/E and the sector P/E is 16.35. The company has market cap of $10.12 billion. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. Cenovus Energy had a negative net margin of 11.17% and a negative return on equity of 9.35%. The consensus mean EPS for the current quarter is at $0.02 derived from a total of 8 estimates from the analysts who have weighed in on projected earnings. The stock of Cenovus Energy Inc (USA) (NYSE:CVE) earned "Neutral" rating by Goldman Sachs on Tuesday, December 1.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th.
Macquarie "Downgrades" Cenovus Energy Inc (NYSE:CVE) in a research note issued to investors on 1/24/17 to Underperform with price target of $0. Autech Corporation (KOSDAQ:A067170) presently has a 10 month price index of 1.85672. The ex-dividend date is Tuesday, June 13th. In our current pick, Cenovus Energy Inc. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of global copyright legislation. The correct version of this story can be viewed at https://www.com-unik.info/2017/05/16/cenovus-energy-cve-earns-coverage-optimism-rating-of-0-26-updated-updated-updated.html.
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A number of institutional investors have recently made changes to their positions in CVE. Its Price to Cash Flow ratio shows the value of 14.32, whereas, the industry and sector ratio of Price to Cash Flow ticked at 16.63 and 9.79 respectively. Renaissance Technologies LLC increased its stake in Cenovus Energy by 35.8% in the first quarter. The company's 5 year Earnings per share growth and Capital Spending growth remains at 0 and -18.02. For our stock under consideration here, Cenovus Energy Inc. TD Asset Management Inc. now owns 40,979,115 shares of the oil and gas company's stock worth $462,442,000 after buying an additional 13,092,198 shares during the last quarter.
On Thursday, May 4th, Ian William Delaney bought 25,000 shares of Cenovus Energy stock.
Now the shares of Cenovus Energy Inc. Dimensional Fund Advisors LP now owns 3,895,092 shares of the oil and gas company's stock worth $44,015,000 after buying an additional 86,775 shares during the period.
Let's have a look at some of the important valuation ratios of the Cenovus Energy Inc (CVE). The Firm is engaged in the business of developing, producing and marketing crude oil, natural gas liquids and natural gas. The Company's divisions include Oil Sands, Conventional, Refining and Marketing, and Corporate and Eliminations. Its Oil Sands segment includes the development and production of bitumen and natural gas in northeast Alberta.
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