CVE has diverse figures for different time frames; starting from week's performance plunged 4.60% in last five regular trading sessions. Through this figure traders can analyze that CVE show whether or not a stock now most active and standing in buying side or sell side. The company has a market cap of $12.18 billion, a PE ratio of 4.04 and a beta of 0.60. Cenovus Energy has a 12 month low of $6.76 and a 12 month high of $16.82. Royal Bank Of Canada reaffirmed an outperform rating and issued a C$23.00 target price on shares of Cenovus Energy in a research report on Tuesday, July 4th. Quantitative Investment Management LLC purchased a new position in Cenovus Energy in the 2nd quarter worth about $14,036,000.
The Palliser divestiture in southern Alberta "will significantly allay concerns that the company may not reach its asset sales target by the end of this year", Paul Cheng, an analyst at Barclays Plc, said in a research note. The original version of this report can be viewed at https://www.dispatchtribunal.com/2017/10/20/cenovus-energy-inc-cve-upgraded-to-buy-at-zacks-investment-research.html. About shares traded. Cenovus Energy Inc (USA) (NYSE:CVE) has declined 34.01% since October 20, 2016 and is downtrending. CIBC increased their target price on shares of Cenovus Energy from C$12.50 to C$14.50 in a research report on Monday, October 2nd.
Foundation Resource Management Inc. cut its stake in shares of Cenovus Energy Inc. Goldman Sachs maintained the shares of CVE in report on Thursday, June 22 with "Neutral" rating. However the company reported $-0.22 earnings per share for the same quarter during a year ago. The company's outstanding shares are 162.83 Million. Finally, Seven Eight Capital LLC bought a new stake in Cenovus Energy during the first quarter valued at $261,000.
The share price of Cenovus Energy Inc (NYSE:CVE) was unchanged +0.00% during the last trading session, with a day high of 10.05. Legal & General Group Plc boosted its stake in Cenovus Energy by 3.8% in the first quarter.
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Cenovus Energy Inc. agreed to sell its Palliser crude field to Schlumberger Ltd. and Torxen Energy for C$1.3 billion ($1.04 billion), advancing efforts to pay down debt from its oil-sands mega deal earlier this year. The institutional investor owned 2,713,906 shares of the oil and gas company's stock after selling 2,184,081 shares during the period. This will give analytical advantage to a shorter-term trader since it pursues the price more intimately, and consequently produces less "lag" as comparison to the longer-term moving average. During the same period a year ago, the business earned ($0.05) earnings per share. Morgan Stanley downgraded shares of Cenovus Energy from an overweight rating to an equal weight rating in a research note on Wednesday, July 19th.
As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Cenovus Energy Inc (NYSE:CVE). Four analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. This is an increase from Cenovus Energy's previous quarterly dividend of $0.04. This represents a $0.16 annualized dividend and a yield of 1.57%. TD Securities dropped their target price on shares of Cenovus Energy from C$21.00 to C$20.00 and set a buy rating on the stock in a research report on Tuesday, July 4th.