Cenovus Energy Inc (CVE) : Average target price received by Cenovus Energy Inc (CVE) is $18 with an expected standard deviation of $3.54. The most aggressive target on the stock is $23, whereas the most downbeat target is $15. 7 financial analysts are currently covering the stock.
Cenovus Energy Inc (CVE) encountered a drop of 25.6% or -2,578,625 shares in the short positions. The number dropped from 10,090,099 on June 15,2016 to 7,511,474 on June 30,2016. The final interest is 0.9% of the floated stock. The days to cover figure of 4 can be arrived using the average daily exchange of 1,937,365 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Morgan Stanley upgrades its rating on Cenovus Energy Inc (NYSE:CVE). Analysts at the Morgan Stanley have a current rating of Overweight on the shares. The shares were previously rated Equal-weight. The rating by the firm was issued on June 13, 2016.
Cenovus Energy Inc (NYSE:CVE): stock turned positive on Thursday. Though the stock opened at $14.26, the bulls momentum made the stock top out at $14.33 level for the day. The stock recorded a low of $14.09 and closed the trading day at $14.26, in the green by 1.78%. The total traded volume for the day was 1,842,024. The stock had closed at $14.01 in the previous days trading.
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.