Harbir Singh Chhina Acquires 20000 Shares of Cenovus Energy Inc (CVE) Stock

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Cenovus Energy Inc (NYSE:CVE).

02/12/2016 - Cenovus Energy Inc had its "market perform" rating reiterated by analysts at BMO Capital Markets.

More notable recent Cenovus Energy Inc (USA) (NYSE:CVE) news were published by: Fool.ca which released: "Cenovus Energy Inc". It also increased its holding in Sabre Corp. The institutional investor held 18.17 million shares of the oil & gas production company at the end of 2016Q4, valued at $274.67 million, down from 22.92 million at the end of the previous reported quarter. Finally, Korea Investment CORP boosted its position in Cenovus Energy by 258.9% in the first quarter. Letko Brosseau & Associates Inc. now owns 19,804,042 shares of the oil and gas company's stock worth $223,728,000 after buying an additional 5,982,700 shares during the period. State of Wisconsin Investment Board now owns 1,122,008 shares of the oil and gas company's stock worth $16,076,000 after buying an additional 31,200 shares during the last quarter. Finally, Sciencast Management LP bought a new stake in shares of Cenovus Energy during the fourth quarter valued at about $163,000. Lincluden Management Ltd. now owns 3,222,430 shares of the oil and gas company's stock worth $48,668,000 after buying an additional 989,994 shares during the last quarter. During the same quarter in the previous year, the company posted ($0.51) earnings per share. Highstreet Asset Management Inc. now owns 35,282 shares of the oil and gas company's stock worth $399,000 after buying an additional 782 shares during the last quarter.

Cenovus Energy Inc (CVE) traded up 2.58% during trading on Thursday, hitting $9.15. The stock appeared -11.20% below its 52-week highs and is down -0.56% for the last five trades. The company has market cap of $4.39 billion.

Cenovus Energy Inc has a 50 day moving average of 9.91 and a 200 day moving average of 12.89.

Cenovus Energy Incorporated (NYSE:CVE) had a decrease of 18.57% in short interest. The Somerset Capital Management Llp holds 1.36M shares with $19.12M value, down from 1.38 million last quarter.

The High Revenue estimate is predicted as 3.78 Million, while the Low Revenue Estimate prediction stands at 2.46 Million. Cenovus Energy had a negative return on equity of 9.35% and a negative net margin of 11.17%. During the same quarter in the prior year, the company earned ($0.51) EPS.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be issued a $0.0371 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Tuesday, June 13th. Cenovus Energy's dividend payout ratio is -12.93%.

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CVE has been the subject of a number of research analyst reports. Raymond James Financial, Inc. restated a "market perform" rating and set a C$23.00 price objective on shares of Cenovus Energy in a research note on Thursday, February 16th.

12/09/2016 - Cenovus Energy Inc had its "outperform" rating reiterated by analysts at RBC Capital.

TD Securities set a C$0.25 price objective on Madalena Energy Inc (CVE:MVN) in a report released on Tuesday, May 2nd. Barclays PLC cut their price target on Cenovus Energy from C$24.00 to C$22.00 in a report on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company's stock. The shares were bought at an average price of C$15.06 per share, with a total value of C$147,588.00.

The Earnings to Price yield of Cenovus Energy Inc. The Company is engaged primarily in the exploration and development of oil and gas. The Company's divisions include Oil Sands, Conventional, Refining and Marketing, and Corporate and Eliminations.