Cenovus Energy Inc (USA) (CVE) is Reiterated by RBC Capital Mkts to Outperform, Raises Price Target to $ 23

Cenovus Energy Inc (USA) (CVE) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 23 from a previous price target of $22 . RBC Capital Mkts advised their investors in a research report released on Apr 28, 2016.

On the company’s financial health, Cenovus Energy Inc (USA) reported $-0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.32.Analysts expectations of $ 2691.47.During the same quarter in the previous year, the company posted $-0.11 EPS.

Cenovus Energy Inc (USA) opened for trading at $15.12 and hit $15.57 on the upside on Wednesday, eventually ending the session at $15.18, with a gain of 1.47% or 0.22 points. The heightened volatility saw the trading volume jump to 30,29,673 shares. Company has a market cap of $12,649 M.

Cenovus Energy Inc. is a Canada-based integrated oil company. The Company is engaged in the development production and marketing of crude oil natural gas liquids (NGLs) and natural gas in Canada with refining operations in the United States. The Company operates in four segments: Oil Sands segment engaged in the development and production of Cenovus’s bitumen assets at Foster Creek Christina Lake and Narrows Lake as well as projects in the early-stages of development such as Grand Rapids and Telephone Lake and Athabasca natural gas assets; Conventional segment engaged in the development and production of conventional crude oil natural gas liquids (NGLs) and natural gas in Alberta and Saskatchewan including the heavy oil assets at Pelican Lake; Refining and Marketing segment engaged in the transporting selling and refining crude oil into petroleum and chemical products.

Cenovus Energy Inc (USA)

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