The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 3.46 and a beta of 0.57.
The counter witnessed a trading volume of 7.88 million shares versus an average volume of 5.14 million shares during last trading session. The value of the company’s investment in Cenovus Energy Inc increased from $206,000 to $915,000 a change of $709,000 quarter to quarter. The stock has lost -3.67%, reaching at $12.33 after hovering between $11.94 and $12.65. Shares saw a steep increase in trading volume of 324.58% over the normal average daily volume.
Cenovus Energy (CVE) opened at 8.09 on Wednesday. It has underperformed by 50.71% the S&P500.; Beutel Goodman & Co Ltd bought 958,607 shares as the company’s stock declined 29.14% while stock markets rallied. The oil and gas company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.24.
A number of other institutional investors have also modified their holdings of the company. “Raises Stake in Cenovus Energy Inc (CVE)” was first published by Sports Perspectives and is the sole property of of Sports Perspectives. Is Down 55% YTD: What Should You Do?” published on June 23, 2017, Fool.ca published: “Cenovus Energy Inc. Cenovus Energy’s dividend payout ratio (DPR) is presently -71.43%. “Attractive Right Now?” on August 01, 2017.
Cenovus Energy (NYSE:CVE) (TSE:CVE) last issued its earnings results on Thursday, July 27th.
Among 16 analysts covering Cenovus Energy Inc (NYSE:CVE), 6 have Buy rating, 2 Sell and 8 Hold. Therefore 53% are positive. Equities analysts anticipate that Cenovus Energy Inc will post $0.12 earnings per share for the current year. The rating was upgraded by Sandler O’Neill to “Buy” on Monday, September 21.
The Carlyle Group LP (NASDAQ:CG)’s earnings per share has been growing at a -28.72 percent rate over the past 5 year when average revenue increase was noted as -4.3 percent. Credit Suisse Group restated an “outperform” rating on shares of Cenovus Energy in a research report on Friday, May 26th. The rating was downgraded by Goldman Sachs on Monday, January 23 to “Sell”. ValuEngine downgraded shares of Cenovus Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. JP Morgan maintained it with “Neutral” rating and $18 target in Tuesday, December 15 report. Now the stock RSI value stays around 55.12. Acadian Asset Management LLC increased its position in Cenovus Energy by 51.6% in the first quarter.
Investors sentiment increased to 0.97 in 2016 Q4. At present, 0 analysts call it Sell, while 6 think it is Hold. The firm owned 159,190 shares of the oil and gas company’s stock after buying an additional 33,779 shares during the period. 266.79 million shares or 0.98% less from 269.42 million shares in 2016Q3 were reported.
Want to see what other hedge funds are holding CVE?
06/27/2017 – National Bank Financial began new coverage on Cenovus Energy Inc giving the company a ” rating. Cubic Asset Management Ltd Liability Corporation stated it has 94,705 shares or 2.17% of all its holdings. Manufacturers Life Ins The reported 0.01% stake. Tiaa Cref Tru Company Fsb Mo invested 0.01% of its portfolio in Allstate Corp (NYSE:ALL). Gulf Natl Bank (Uk) Limited owns 115,680 shares for 0.13% of their portfolio. The Australia-based Amp Investors Ltd has invested 0.04% in Tripadvisor Inc (NASDAQ:TRIP). Cullen Capital Management Ltd Liability owns 8,600 shares or 0.02% of their United States portfolio. 7,884,760 shares of the stock traded hands. The company’s institutional ownership is monitored at 40.4 percent.
Since March 2, 2017, it had 0 buys, and 2 insider sales for $203,819 activity. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The Allstate Corporation had 31 analyst reports since August 4, 2015 according to SRatingsIntel. As per Wednesday, August 5, the company rating was upgraded by Macquarie Research.
06/21/2017 – Cenovus Energy Inc was downgraded to ” by analysts at Macquarie. The stock of Cenovus Energy Inc (USA) (NYSE:CVE) has “Hold” rating given on Wednesday, July 19 by Morgan Stanley.
12/09/2016 – Cenovus Energy Inc had its ” rating reiterated by analysts at RBC Capital.
04/28/2016 – Cenovus Energy Inc had its ” rating reiterated by analysts at UBS. The firm earned “Neutral” rating on Tuesday, March 8 by Moffett Nathanson.