Cenovus Energy Inc (CVE) Price Target Lowered to C$14.00 at Desjardins

Angelica Greene
July 17, 2017

Wafra Investment Advisory Group Inc acquired 470 shares as Nvr Inc. FNY Partners Fund LP purchased a new stake in shares of Cenovus Energy during the first quarter valued at about $113,000. Nvr Inc. 62944 now has $9.48 billion valuation.

Invesco Ltd. (NYSE:IVZ) traded at an unexpectedly high level on 07/13/2017 when the stock experienced a -0.58% loss to a closing price of $35.9. The value in dollars went from $5,967,000 to $3,866,000 a change of $2,101,000 for the reporting period. Imprimis Pharmaceuticals Inc (IMMY) has declined 2.70% since July 13, 2016 and is downtrending.

Cenovus Energy Inc. on 3/30/2017 reported its EPS as $-0.04 with the analysts projecting the EPS of the stock as $-0.15. AMF Pensionsforsakring AB now owns 1,026,623 shares of the oil and gas company's stock worth $11,585,000 after buying an additional 14,380 shares during the last quarter. The value of the total investment in Cenovus Energy Inc decreased from $1,574,000 to $22,000 a change of 98.6% quarter to quarter. The company's 50 day moving average is $8.48 and its 200 day moving average is $11.79. It was reported on Jul, 13 by Barchart.com.

Cenovus Energy (NYSE:CVE) remained flat at $7.32 during trading on Wednesday. Gross Profit (ttm) is 1.17 Million. $1.07 million worth of stock was sold by ROSIER WILLIAM GRADY on Thursday, May 4. It also reduced Activision Blizzard Inc (NASDAQ:ATVI) stake by 2.72M shares and now owns 303,000 shares. (NYSE:NVR) on Friday, January 27. Moving out to look at the previous month volatility move, the stock is at 4.14%. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. Total Debt/Equity is 53.57 and the Book value per Share is 10.81.

In terms of Buy, Sell or Hold recommendations, Cenovus Energy Inc (NYSE:CVE) has analysts' mean recommendation of 2.5. Therefore 44% are positive. NVR had 10 analyst reports since July 22, 2015 according to SRatingsIntel. Canaccord Genuity upgraded the stock to "Buy" rating in Wednesday, June 21 report. As per Friday, August 19, the company rating was initiated by Bank of America. The stock of NVR, Inc. The firm has "Underperform" rating by Macquarie Research given on Tuesday, January 24.

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Wafra Investment Advisory Group Inc decreased At&T Inc. (NYSE:COL) by 55,481 shares to 1.82M shares, valued at $168.97M in 2016Q4, according to the filing. It also upped Ing Groep N V (NYSE:ING) stake by 34,700 shares and now owns 43,500 shares. Spdr S&P 500 Etf Tr (Put) (SPY) was reduced too. "Overweight" signal reported by 2 and "Underweight" rating was suggested by 0. Its down 0.23, from 0.9 in 2016Q3. It also increased its holding in Equifax Inc. 84 funds opened positions while 163 raised stakes. Citigroup Incorporated holds 0% or 26,013 shares. California State Teachers Retirement System accumulated 46,903 shares. Alliancebernstein Ltd Partnership holds 30,400 shares. Suntrust Banks stated it has 717 shares or 0.01% of all its holdings. The Michigan-based Columbia Asset Mgmt has invested 0.11% in Southwest Airlines Co (NYSE:LUV). Mark Sheptoff Financial Planning Ltd Liability Co has 1,000 shares for 0.04% of their portfolio.

A number of analysts have recently issued reports on the company. Jacobs Asset Limited Liability has 823,051 shares.

Cenovus Energy Inc. develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas in Canada. Burgundy Asset Management Ltd who had been investing in Cenovus Energy Inc. for a number of months, seems to be less bullish one the $9.06B market cap company. The Company's divisions include West, Texas and East (including Canada). It now has negative earnings.

Analysts await Cenovus Energy Inc (USA) (NYSE:CVE) to report earnings on July, 27. They expect $0.01 earnings per share, down 83.33% or $0.05 from last year's $0.06 per share. CVE's profit would be $49.84M giving it 45.75 P/E if the $0.04 EPS is correct.

The market experts are predicting a 200.55% rally, based on the high target price ($22) for Cenovus Energy Inc. shares that is likely to be hit in the 52 weeks.

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