Cenovus Energy Inc (USA) (CVE) : Nexus Investment Management scooped up 7,450 additional shares in Cenovus Energy Inc (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 6, 2016. The investment management firm now holds a total of 449,665 shares of Cenovus Energy Inc (USA) which is valued at $6,232,357.Cenovus Energy Inc (USA) makes up approximately 1.17% of Nexus Investment Management’s portfolio.
Other Hedge Funds, Including ,
Cenovus Energy Inc (USA) closed down -0.17 points or -1.23% at $13.69 with 26,98,451 shares getting traded on Monday. Post opening the session at $13.92, the shares hit an intraday low of $13.65 and an intraday high of $14.01 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.
Many Wall Street Analysts have commented on Cenovus Energy Inc (USA). Cenovus Energy Inc (USA) was Upgraded by Morgan Stanley to ” Overweight” on Jun 13, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 23 from a previous price target of $22 .
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 Cenovuss 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.