Cenovus Energy has struck a deal to sell its Palliser oil and gas assets to Torxen Energy and Schlumberger for C$1.3 billion (US$1.0 billion).
A deal to sell its Weyburn enhanced oil recovery project in Saskatchewan is expected by the end of this year, and evaluations are continuing regarding the sale of certain Deep Basin assets acquired from ConocoPhillips. The legal version of this report can be viewed at https://baseballnewssource.com/markets/cenovus-energys-cve-buy-rating-reaffirmed-at-royal-bank-of-canada/1720081.html. The company's 50-day moving average price is $9.43 and its 200-day moving average price is $8.83. Through this figure traders can analyze that CVE show whether or not a stock now most active and standing in buying side or sell side. Morgan Stanley downgraded shares of Cenovus Energy from an overweight rating to an equal weight rating in a research note on Wednesday, July 19th.
Tightening the gaze, stock performance for the last 5 trading days is -1.83%. The stock of Cenovus Energy Inc (USA) (NYSE:CVE) has "Neutral" rating given on Friday, August 19 by Bank of America.
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Digging a bit further, company shares have been noted 0.60% off the 52 week high and 83.99% away from the 52 week low. The firm purchased 24,440 shares of the credit services provider's stock, valued at approximately $1,312,000.
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A number of other large investors have also recently made changes to their positions in the stock. Cigna Investments Inc. New bought a new stake in Cenovus Energy in the second quarter worth about $110,000. Allegis Investment Advisors LLC now owns 13,933 shares of the oil and gas company's stock worth $103,000 after purchasing an additional 2,016 shares during the last quarter. About shares traded. Cenovus Energy Inc (USA) (NYSE:CVE) has declined 34.01% since October 20, 2016 and is downtrending. FNY Partners Fund LP acquired a new position in shares of Cenovus Energy in the 1st quarter worth approximately $113,000. Cenovus Energy presently has an average rating of Hold and a consensus target price of $16.06. The company has market cap of $12.32 billion. Finally, Zacks Investment Research raised shares of Cenovus Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, July 18th. The consensus mean EPS for the current quarter is at $0.11 derived from a total of 8 estimates from the analysts who have weighed in on projected earnings.
The ratios of the return on assets (ROA) and the return on owner's equity (ROE) are the most used profitability ratios in the analysis while ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. Four analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Cenovus Energy Inc has a 52 week low of $6.76 and a 52 week high of $16.82. During the same quarter previous year, the business posted ($0.05) earnings per share. After having $0.27 EPS previously, Cenovus Energy Inc (USA)'s analysts see -81.48% EPS growth.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. They now have $11.00 target price on the oil and gas company's stock. Renaissance Technologies LLC boosted its stake in Cenovus Energy by 184.8% in the first quarter. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.03%. Cenovus Energy's dividend payout ratio (DPR) is now 8.89%. Aviva PLC increased its stake in Cenovus Energy by 23.4% in the 2nd quarter.