Cenovus Energy Inc (USA) (CVE) is Upgraded by Morgan Stanley to Overweight

Cenovus Energy Inc (USA) (CVE) was Upgraded by Morgan Stanley to ” Overweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Jun 13, 2016.

Many Wall Street Analysts have commented on Cenovus Energy Inc (USA). 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 .

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) closed down -0.45 points or -2.96% at $14.73 with 15,24,331 shares getting traded on Friday. Post opening the session at $15.02, the shares hit an intraday low of $14.71 and an intraday high of $15.21 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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)

Leave a Reply

Cenovus Energy Inc (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Cenovus Energy Inc (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.