Active Volume Stock: Cenovus Energy Inc. (CVE)

The counter witnessed a trading volume of 1.49 million shares versus an average volume of 1.05 million shares during last trading session. Jarislowsky Fraser Ltd owned about 3.00% of Cenovus Energy worth $281,728,000 at the end of the most recent quarter.

"The share overhang is one of the reasons we should not expect much movement upward in the Cenovus share price", says Len Racioppo, managing director of Coerente Capital Management, a CVE shareholder. The Freestone Capital Holdings Llc holds 46,131 shares with $1.04M value, down from 829,595 last quarter.

Wolverine Asset Management Llc increased Spectra Energy Corp (NYSE:SE) stake by 136,982 shares to 144,482 valued at $5.94M in 2016Q4. The stock was bought at an average cost of C$13.06 per share, with a total value of C$60,076.00. 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. Finally, Korea Investment CORP increased its position in Cenovus Energy by 258.9% in the first quarter. 3,533,702 shares of the company traded hands.

Cenovus Energy Inc. (CVE) has a market capitalization of 11.28 Billion which suggests the company is a huge company further suggesting that the shares of Cenovus Energy Inc. The firm's 50-day moving average price is $10.00 and its 200 day moving average price is $12.95.

Cenovus Energy (NYSE:CVE) last announced its quarterly earnings results on Wednesday, April 26th. Moreover, Bank Of America Corp De has 0% invested in the company for 401 shares. Cenovus Energy had a negative net margin of 11.17% and a negative return on equity of 9.35%. During the same period in the prior year, the business posted ($0.51) earnings per share. JPMorgan Chase & Co. decreased their price target on shares of Cenovus Energy from C$21.00 to C$19.00 in a research note on Friday, March 31st.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a $0.05 dividend.

Since January 1, 0001, it had 0 insider purchases, and 5 insider sales for $2.86 million activity. The ex-dividend date of this dividend is Tuesday, June 13th.

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A number of brokerages have issued reports on CVE. Goldman Sachs Group Inc lowered shares of Cenovus Energy from a "buy" rating to a "sell" rating and set a $13.00 price target on the a research report on Monday, January 23rd. Canaccord Genuity reissued a "hold" rating and set a $16.50 target price on shares of Cenovus Energy in a research note on Wednesday, April 26th. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up.

Analysts await Cenovus Energy Inc (USA) (NYSE:CVE) to report earnings on July, 27. Finally, Macquarie raised shares of Cenovus Energy from an "underperform" rating to a "neutral" rating in a research note on Thursday, March 30th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Also, the current price highlights a discount of 102.25% to analysts' high consensus price target.

For the Current Quarter, the growth estimate for Cenovus Energy 175%, while for the Next Quarter the stock growth estimate is 133.3%.

  • Zachary Reyes