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Cenovus Energy Inc (USA) (NYSE:CVE) has been downgraded to Underperform in a statement by Macquarie earlier today.

Boasting a price of $7.29, Cenovus Energy Inc (USA) (NYSE:CVE) traded -0.88% lower on the day. With the last stock price close down -2.49% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Cenovus Energy Inc (USA) has recorded a 50-day average of $8.02 and a two hundred day average of $9.27. Volume of trade was down over the average, with 4,441,345 shares of CVE changing hands under the typical 5,020,980

Macquarie has downgraded Cenovus Energy Inc (USA) (NYSE:CVE) to Underperform in a statement released on 06/21/2017.

Performance Chart

Cenovus Energy Inc (USA) (NYSE:CVE)

With a total market value of $0, Cenovus Energy Inc (USA) has price-earnings ratio of 3.80 with a one year low of $6.76 and a one year high of $16.82 .

A total of 11 equity analysts have released a ratings update on CVE. zero equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $16.11.

Brief Synopsis About Cenovus Energy Inc (USA) (NYSE:CVE)

Cenovus Energy Inc is a Canada-based integrated oil company. It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids (NGLs) and natural gas in Canada. The Company also conducts marketing activities and owns refining interests in the United States (U.S.). Its segments include: Oil Sands, which includes the development and production of bitumen and natural gas in northeast Alberta; Conventional, which includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake, the carbon dioxide (CO2) enhanced oil recovery (EOR) project at Weyburn and emerging tight oil opportunities; Refining and Marketing, which includes transporting and selling crude oil and natural gas and joint ownership of refineries in the U.S., as well as Corporate and Eliminations.

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