Cenovus Energy (CVE) Receiving Somewhat Favorable Press Coverage, Report Finds

Marco Green
November 17, 2017

Now shares of Noble Corp (NYSE:NE) have an average brokerage recommendation (ABR) of 2.85 number of Recs in ABR is 20 however the company's industry rank by ABR is 183 out of 265. The stock was bought at an average price of C$13.97 per share, for a total transaction of C$488,950.00. With short interest at 30,385,011 and short average daily volume at 3,571,469, days to cover is 9.0 and the short interest percentage is 0.02% as of October 31. For the current year the company's revenue estimates are $13.8 Billion compared to low analyst estimates of $13.15 Billion and high estimates of $14.37 Billion according to 5 number of analysts. Future earnings predictions are perhaps the most essential input when trying to value a company. Currently Analysts have a mean recommendation of 2.50 on the shares.

Cenovus Energy has 52 week low of $8.89 and a 52 week high of $22.06 with a PE ratio of 4.19 and has a market capitalization of $0. While in the same Quarter Previous year, the Actual EPS was $0.31. Wall Street analysts covering the stock are projecting that the stock will reach $11.15 within the next 52-weeks. The company has a current ratio of 1.41, a quick ratio of 1.10 and a debt-to-equity ratio of 0.62. The Higher end of the revenue forecast is $5.04 Billion, while the Lower end of the forecast is $4.92 Billion.

Walleye Trading Llc increased Cenovus Energy Inc (Put) (CVE) stake by 28160% reported in 2017Q2 SEC filing.

Price targets show what analysts believes a stock will be worth at the end of a certain time period.

A trend analysis is a method of analysis that allows traders to foresee what will come about with a stock in upcoming days. Walleye Trading Llc acquired 140,800 shares as Cenovus Energy Inc (Put) (CVE)'s stock declined 29.14%. Using a wider time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. Moving averages can help spot trends and price reversals. September 25 investment analysts at Canaccord Genuity maintained a company rating of "Buy" targeting a price of $14.50. A company that manages their assets well will have a high return, while if manages their assets poorly will have a low return.

Cenovus Energy Inc. (CVE) now has a Return on Assets (ROA) value of 8.4 Percent. The opposite kind of result, a negative means that costs outweigh returns.

For the Current Quarter, the growth estimate for Cenovus Energy Inc.is -61.3%, while for the Next Quarter the stock growth estimate is 125%.

Cenovus Energy Inc (NYSE:CVE)'s trailing twelve month revenues are $12.31 Billion, whereas its price to sales ratio for the same period is 1.03.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. This analysis is based on historical data about the stock's monthly performance given the overall trends of the market and particular indicators within the market. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock.

Additionally on 6/27/17 National Bank Financial "Initiates Coverage On" Cenovus Energy Inc (NYSE:CVE) to Sector Perform setting price target at $0 and on 6/22/17 Goldman Sachs "Reinstates" the stock to Neutral at $0.

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