Cenovus Energy Inc (USA) (CVE) is Initiated by BofA/Merrill to Neutral

Cenovus Energy Inc (USA) (CVE) was Initiated by BofA/Merrill to “Neutral”. BofA/Merrill advised their investors in a research report released on Aug 19, 2016.

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.

On the company’s financial health, Cenovus Energy Inc (USA) reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.14.Analysts expectations of $ 2617.51.During the same quarter in the previous year, the company posted $0.18 EPS.

Cenovus Energy Inc (USA) closed down -0.14 points or -0.91% at $15.23 with 16,04,136 shares getting traded on Wednesday. Post opening the session at $15.31, the shares hit an intraday low of $15.0742 and an intraday high of $15.46 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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)

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