Canada's Cenovus to Sell Palliser Gas Asset

For The Globe and Mail

For The Globe and Mail

That deal doubled Cenovus' production assets, but dented its balance sheet, sent the company's shares tumbling, prompted some investors to revolt and led to the resignation of Chief Executive Brian Ferguson. 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. The stock exchanged hands 3 Million shares versus average trading capacity of 4.77 Million shares, yielding a market cap of $11.81 Billion.

Cenovus Energy Inc (NYSE:CVE) 52-week high price stands at $16.82 and low price stands at $6.76, its price distance from 52-week high is -41.8% while its distance from 52-week low price is 44.82%. Royal Bank Of Canada reaffirmed an outperform rating and issued a C$23.00 target price on shares of Cenovus Energy in a research report on Tuesday, July 4th. Neuberger Berman Group LLC lifted its holdings in Cenovus Energy by 7.4% during the 1st quarter. Cenovus Energy has an average rating of "Hold" and an average price target of $16.06. The correct version of this story can be viewed at https://stocknewstimes.com/2017/10/21/cenovus-energy-inc-cve-price-target-raised-to-c13-00-at-national-bank-financial.html.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last posted its quarterly earnings results on Thursday, July 27th. (The) reiterated a neutral rating and issued a $8.00 price target on shares of Cenovus Energy in a research report on Thursday, June 22nd.

Several other equities research analysts also recently weighed in on the stock. According to the Analysts, the Low Earnings estimate for the current quarter is $-0.06, while the High earnings estimate is $0.25.Comparatively, EPS for the same quarter past year was $-0.02. FNY Partners Fund LP bought a new stake in Cenovus Energy in the first quarter worth about $113,000. Neuberger Berman Group LLC now owns 12,992 shares of the oil and gas company's stock worth $147,000 after buying an additional 900 shares in the last quarter. Cenovus Energy now has a consensus rating of "Buy" and an average price target of $20.31.

State unemployment rate remains stable
In Kansas, the jobless rate in September was down to 3.4 percent from 4.1 percent in August and September 2016, the report said. It was the third straight month the rate has increased for the state after it plummeted in the first half of the year.

The ratios of the return on assets (ROA) and the return on owner's equity (ROE) are the most used profitability ratios in the analysis while ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. Past 5 years growth of Cenovus Energy Inc (NYSE:CVE) observed at 2.22%, looking forward for the next 5 years it has a strong prediction of 53.65% over growth. The company's 50-day moving average price is $9.43 and its 200-day moving average price is $8.83. A statistical measure of the dispersion of returns (volatility) for CVE producing salvation in Investors mouth, it has week volatility of 2.40% and for the month booked as 2.57%. During the same quarter previous year, the business posted ($0.05) earnings per share. J P Morgan Chase & Co increased their target price on shares of Cenovus Energy from C$11.00 to C$11.50 in a research report on Thursday, September 14th.

As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Cenovus Energy Inc (NYSE:CVE).

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. The stock increased 10.53% or $0.0002 on October 19, reaching $0.0021. Barclays PLC boosted its stake in Cenovus Energy by 35.3% in the first quarter. This represents a change of -0.40% from the opening. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Cenovus Energy's payout ratio is -12.93%.

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