In terms of Buy, Sell or Hold recommendations, Cenovus Energy Inc (NYSE:CVE) has analysts' mean recommendation of 2.5.
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.
The stock has Return on Assets (ROA) of 9 percent. Production is now averaging about 54,000 barrels of oil equivalent/day (boe/d), of which about 77% or 41,580 boe/d (250mn ft³/day) is natural gas. Cenovus Energy's ongoing objective is to advance technologies that reduce the amount of water, steam, natural gas and electricity used in their operations and to decrease surface land disturbance.
Other institutional investors have also recently bought and sold shares of the company. Canaccord Genuity reissued a "buy" rating and set a $14.50 target price on shares of Cenovus Energy in a research report on Monday, September 25th. The firm earned "Neutral" rating on Thursday, June 22 by Goldman Sachs. Cenovus Energy Inc (USA) (NYSE:CVE) has declined 34.01% since October 19, 2016 and is downtrending. Wall Street is only getting more bullish on the stock, with 15 of analysts who cover CVE having a buy-equivalent rating. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company's stock.
For the Current Quarter, the growth estimate for Cenovus Energy Inc.is 150%, while for the Next Quarter the stock growth estimate is -83.9%. Cenovus Energy has a 1-year low of $6.76 and a 1-year high of $16.82.
Cenovus Energy Inc (NYSE:CVE)'s trailing twelve month revenues are $11.59 Billion, whereas its price to sales ratio for the same period is 1.02. 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. While in the same Quarter Previous year, the Actual EPS was $-0.22.
TRADEMARK VIOLATION WARNING: This report was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and worldwide copyright & trademark legislation. FMR LLC increased its holdings in Cenovus Energy by 23.7% during the 2nd quarter. The company's past year sales total was 2.6 Million. Cenovus said it anticipates reaching a sale agreement for the Weyburn asset in the fourth quarter. The company said that proceeds from the September 29 sale of its Pelican Lake assets recently were used to retire the first tranche of a $3.6 billion bridge facility and a portion of the second tranche. Neuberger Berman Group LLC lifted its position in shares of Cenovus Energy by 7.4% during the 1st quarter.