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Macquarie downgraded Cenovus Energy (TSE:CVE) from Neutral to Underperform in a statement released earlier today.

Macquarie has downgraded Cenovus Energy (TSE:CVE) from Neutral to Underperform in a statement released on 6/21/2017.

On 05/30/2017, CSFB released a statement about Cenovus Energy (TSE:CVE) bumped up the target price from $0.00 to $20.00. At the time, this indicated a possible upside of 0.61%.

Yesterday Cenovus Energy (TSE:CVE) traded -0.81% lower at $7.12. The company’s 50-day moving average is $10.00 and its 200-day moving average is $12.20. The last stock close price is down -9.69% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 15,059,037 shares of CVE traded hands, up from an average trading volume of 4,116,550

Recent Performance Chart

Cenovus Energy (TSE:CVE)

Cenovus Energy has 52 week low of $8.89 and a 52 week high of $22.06 with a PE ratio of 3.70 and has a market capitalization of $0.

In addition to Macquarie reporting its stock price target, a total of 21 brokers have issued a report on the company. The average stock price target is $17.10 with 0 brokers rating the stock a strong buy, 10 brokers rating the stock a buy, 12 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Cenovus Energy (TSE: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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