Published: Thu, February 15, 2018
Business | By Tara Barton

Cenovus Energy Inc (NASDAQ:CVE) Expected To Report Earnings On Thursday

Cenovus Energy Inc (NASDAQ:CVE) Expected To Report Earnings On Thursday

Cenovus Energy Inc (NYSE:CVE) shares traded on 5.19% above secure line and closed at $7.91. Earnings surprises can have a huge impact on a company's stock price.

A number of other brokerages have also weighed in on CVE. Bank of America initiated Cenovus Energy Inc. Scotiabank lowered Cenovus Energy from an "outperform" rating to a "sector perform" rating in a report on Wednesday, November 15th. For the current year the company's revenue estimates are $13.8 Billion compared to low analyst estimates of $12.9 Billion and high estimates of $14.59 Billion according to the prediction of 5 analysts.

Cenovus Energy Inc. (NYSE:CVE) touched its 1-Year High price of $14.46 on 02/16/17 and its 1-Year Low price of $ 6.76 on 06/23/17.

Some buy side analysts are also providing their Analysis on Cenovus Energy Inc., where 5 analysts have rated the stock as Strong buy, 4 analysts have given a Buy signal, 5 said it's a HOLD, and 0 analysts rated the stock as Sell. The stock now has an average rating of "Hold" and a consensus price target of C$15.40.

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Cenovus Energy Inc. on 9/29/2017 reported its EPS as $0.32 with the analysts projecting the EPS of the stock as $-0.03. The company rocked its 52-Week High of $14.46 and touched its 52-Week Low of $6.76. The stock has a market capitalization of $9,240.50, a P/E ratio of 10.74, a PEG ratio of 5.78 and a beta of 0.67. The consensus mean EPS for the current quarter is at $0.09 derived from a total of 10 estimates from the analysts who have weighed in on projected earnings. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. FNY Partners Fund LP acquired a new stake in Cenovus Energy in the 1st quarter worth about $113,000.

TRADEMARK VIOLATION NOTICE: "Cenovus Energy (CVE) Set to Announce Quarterly Earnings on Thursday" was published by registrarjournal.com and is owned by of registrarjournal.com. Gemmer Asset Mgmt Ltd Liability Company reported 438 shares stake. Finally, CIBC raised their target price on shares of Cenovus Energy from C$14.50 to C$16.00 in a report on Tuesday, November 14th. Allegis Investment Advisors LLC now owns 13,933 shares of the oil and gas company's stock worth $103,000 after buying an additional 2,016 shares during the last quarter.

Shares of Cenovus Energy (NYSE CVE) opened at $7.91 on Thursday. It turned negative, as 0 investors sold XL Group Ltd shares while 2 reduced holdings. The stock of Cenovus Energy Inc. 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. (NYSE:CVE) has "Neutral" rating given on Thursday, March 30 by Macquarie Research. If you are reading this piece of content on another website, it was copied illegally and republished in violation of worldwide copyright and trademark legislation. The original version of this news story can be read at https://weekherald.com/2018/02/15/cenovus-energy-cve-downgraded-by-zacks-investment-research.html. Zacks' sales calculations are an average based on a survey of research firms that cover Cenovus Energy. It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids (NGLs) and natural gas in Canada.

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