Cenovus Energy Inc (USA) (NYSE:CVE) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: September 28, 2016
Zacks Investment Research has downgraded Cenovus Energy Inc (USA) (NYSE:CVE) to Hold in a report released on 9/28/2016.
Previously on 08/19/2016, Bank of America Corp. reported on Cenovus Energy Inc (USA) (NYSE:CVE) increased the target price from $0.00 to $17.00. At the time, this indicated a possible upside of 0.13%.
Just yesterday Cenovus Energy Inc (USA) (NYSE:CVE) traded 6.56% higher at $13.96. Cenovus Energy Inc (USA)’s 50-day moving average is $14.45 and its 200-day moving average is $14.27. The last closing price is down -2.14% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 3,805,840 shares of CVE traded hands, up from an average trading volume of 1,723,620
Recent Performance Chart
Cenovus Energy Inc (USA) has 52 week low of $9.10 and a one year high of $17.23 with a PE ratio of 19.91 and has a market capitalization of $0.
A total of 11 brokerages have issued a ratings update on Cenovus Energy Inc (USA). zero brokerages rating the company a strong buy, seven brokerages rating the company a buy, seven brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $16.11.
General Company Details For Cenovus Energy Inc (USA) (NYSE:CVE)
Cenovus Energy Inc is a Canada-based integrated oil company. It is engaged in the business of developing, producing and marketing crude oil, natural gas liquids (NGLs) and natural gas. Its segments include Oil Sands, Conventional, Refining and Marketing, and Corporate and Eliminations. The Oil Sands segment includes the development and production of bitumen and natural gas in northeast Alberta. Its bitumen assets include Foster Creek, Christina Lake and Narrows Lake, and projects in early stages of development, such as Grand Rapids and Telephone Lake. The Conventional segment includes development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including heavy oil assets at Pelican Lake and the carbon dioxide enhanced oil recovery project at Weyburn. The Refining and Marketing segment includes transporting, selling and refining crude oil into petroleum and chemical products.
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