Cenovus Energy Inc (CVE) Rating Increased to Sell at BidaskClub

(The) reissued a neutral rating and issued a $8.00 target price on shares of Cenovus Energy in a research report on Thursday, June 22nd. Accern also gave media stories about the oil and gas company an impact score of 46.2449014254792 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. Credit Suisse Group restated an "outperform" rating on shares of Cenovus Energy in a report on Friday, May 26th. Zacks Investment Research upgraded Cenovus Energy from a "hold" rating to a "buy" rating and set a $8.25 target price for the company in a report on Tuesday, July 25th. Canaccord Genuity upgraded shares of Cenovus Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, June 21st. BidaskClub lowered Cenovus Energy from a "sell" rating to a "strong sell" rating in a research note on Thursday, June 22nd. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Cenovus Energy now has an average rating of "Hold" and a consensus target price of $17.34.

Cenovus Energy Inc (NYSE:CVE) traded up 0.38% during midday trading on Friday, hitting $8.01. 3,136,844 shares of the company were exchanged. The firm's 50-day moving average is $9.75 and its 200 day moving average is $14.27. Cenovus Energy Inc has a 52 week low of $6.76 and a 52 week high of $16.82. The company has a market capitalization of $9.84 billion, a PE ratio of 3.38 and a beta of 0.57.

BidaskClub upgraded shares of Cenovus Energy from a strong sell rating to a sell rating in a research report on Thursday, July 13th. The oil and gas company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.24. Cenovus Energy had a return on equity of 3.20% and a net margin of 17.89%. The business had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.40 billion. During the same quarter a year ago, the business posted ($0.05) EPS. On average, equities research analysts forecast that Cenovus Energy will post $0.37 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This piece of content was published by BNB Daily and is the property of of BNB Daily. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and global trademark and copyright law. The correct version of this piece of content can be read at https://www.baseball-news-blog.com/2017/08/13/cenovus-energy-inc-cve-rating-lowered-to-equal-weight-at-morgan-stanley-updated-updated-updated.html.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.039 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.95%. This is a boost from Cenovus Energy's previous quarterly dividend of $0.04. The ex-dividend date is Thursday, September 14th. Cenovus Energy's dividend payout ratio (DPR) is 8.33%. Gateway Investment Advisers LLC raised its position in Cenovus Energy by 0.5% in the second quarter. Acadian Asset Management LLC now owns 13,800 shares of the oil and gas company's stock worth $156,000 after buying an additional 4,700 shares during the period. World Asset Management Inc increased its stake in shares of Cenovus Energy by 1.4% in the first quarter. Intact Investment Management Inc. now owns 151,950 shares of the oil and gas company's stock worth $1,446,000 after buying an additional 600 shares during the last quarter. Highstreet Asset Management Inc. raised its stake in shares of Cenovus Energy by 2.3% in the first quarter. Teachers Advisors LLC now owns 4,117,655 shares of the oil and gas company's stock valued at $62,300,000 after buying an additional 1,799,502 shares in the last quarter. FMR LLC boosted its stake in shares of Cenovus Energy by 33.0% in the first quarter. Neuberger Berman Group LLC now owns 12,992 shares of the oil and gas company's stock worth $147,000 after buying an additional 900 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Cenovus Energy by 7.4% in the first quarter. Capstone Asset Management Co. now owns 87,709 shares of the oil and gas company's stock valued at $646,000 after buying an additional 1,350 shares in the last quarter.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.