Cenovus Energy Inc (TSE:CVE) Price Target Cut to C$20.00

Cenovus Energy Inc (NYSE:CVE) has grabbed attention from the analysts, when it saw a value increase of 1.11% or 0.09 points in the last trading session to close at $8.18. Institutional investors and hedge funds own 56.04% of the company's stock. Goldman Sachs Group Inc. owned approximately 0.15% of Cenovus Energy worth $13,683,000 at the end of the most recent quarter. The oil and gas company reported $0.27 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.03 by $0.24. Highstreet Asset Management Inc. boosted its position in shares of Cenovus Energy by 70.6% in the second quarter. The stock Fell -40.74 percent over the past six months. Allegis Investment Advisors LLC acquired a new stake in Cenovus Energy during the first quarter valued at approximately $135,000. Gateway Investment Advisers LLC now owns 75,312 shares of the oil and gas company's stock valued at $555,000 after buying an additional 376 shares during the last quarter.

Consequently Cenovus Energy Inc (NYSE:CVE)'s weekly and monthly volatility is 4.05%, 3.57% respectively.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.5 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell. Beutel Goodman & Co Ltd. raised its position in shares of Cenovus Energy by 5.0% in the first quarter. We have $8.69 PT which if reached, will make NYSE:CVE worth $605.40M more. The stock has a market capitalization of $10.22 billion, a price-to-earnings ratio of 3.52 and a beta of 0.57. Narrowing in, the stock is at a distance of -9.16% from the 50 day high and 3.42% off of the 50 day low.

Analysts reviewing Cenovus Energy Inc have recently updated their recommended buy/sell ratings and price targets on the stock.

Moscow Reserves Right to Respond to EU Sanctions Extension Over Siemens Scandal
A total of 153 persons and 40 entities are now on the European Union sanction list in the wake of the Council's latest decision. The EU Council has expanded the sanction list against Russian Federation over Germany's Siemens turbines delivery to Crimea.

Cenovus Energy Inc. (CVE) waking on thin line between bulls and bears tracks and with several factors it's pulling towards optimistic side to some extend but some take to pessimistic side. Cenovus Energy had a net margin of 17.89% and a return on equity of 3.20%. The company had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.40 billion. During the same quarter in the prior year, the company posted ($0.05) earnings per share. Analysts expect that Cenovus Energy Inc will post $0.12 EPS for the current fiscal year. The company had a trading volume of 4,450,286 shares. It also increased its holding in Cabelas Inc (NYSE:CAB) by 5,666 shares in the quarter, for a total of 14,900 shares, and has risen its stake in Teva Pharmaceutical Inds Ltd (Call) (NYSE:TEVA). This is a positive change from Cenovus Energy's previous quarterly dividend of $0.04. The ex-dividend date is Thursday, September 14th. This represents a $0.16 annualized dividend and a yield of 1.94%. Divestitures on the Horizon: Time to Buy?" on July 14, 2017, also Fool.ca with their article: "Cenovus Energy Inc. Cenovus Energy Inc (USA) (NYSE:CVE) has declined 34.01% since August 4, 2016 and is downtrending. If you are accessing this story on another website, it was stolen and republished in violation of United States and worldwide copyright and trademark laws. On December 13 the company was downgraded from "Buy" to "Hold" in a report issued by Edward Jones. TD Securities upgraded shares of Cenovus Energy from a "hold" rating to a "buy" rating in a research note on Friday, March 24th.

Among 25 analysts covering TripAdvisor LLC (NASDAQ:TRIP), 1 have Buy rating, 6 Sell and 18 Hold.

Cenovus Energy Inc (CVE) now has P/E (Price to Earnings) ratio of 4.41 while the company's industry has 27.7 P/E and the sector P/E is 17.1.

A number of institutional investors have recently bought and sold shares of the company.

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