Cenovus Continues Shedding Assets to Pay Down Debt

Schlumberger hopes the strategy will add to its profit, but investors worry it also exposes the company to global oil price swings and big losses if some projects fail. Asset Sales Create Buying Opportunity" published on September 26, 2017 as well as Fool.ca's news article titled: "Cenovus Energy Inc.

Rogers Communications Inc. (RCI.TO) revealed a profit for its third quarter that gained 22% from past year. 1,808,417 shares of the stock were exchanged. The industry's and sector's high P/E for the past year is 134.49 and 31.67 respectively and low P/E ratio for the last 5 years is 5.82 for the industry and 10.03 for the Sector.

COPYRIGHT VIOLATION NOTICE: "Cenovus Energy Inc (CVE) Given Buy Rating at Canaccord Genuity" was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. The stock's 50-day moving average price is $9.35 and its 200-day moving average price is $8.82.

According to analysts Cenovus Energy Inc (NYSE:CVE)'s minimum EPS for the current quarter is at $-0.05 and can go high up to $0.34. Verition Fund Management LLC lifted its holdings in shares of Cenovus Energy by 22.7% in the second quarter. Looking out over the past year, company shares have been recorded -40.70% off the 52 week high and 47.56% away from the low over the same period. Allegis Investment Advisors LLC now owns 13,933 shares of the oil and gas company's stock worth $103,000 after buying an additional 2,016 shares in the last quarter. The stock touched 52-week High of $16.82 on 12/12/16 and 52-week Low of $6.76 on 06/23/17. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of US & global copyright and trademark legislation.

Among 16 analysts covering Cenovus Energy Inc (NYSE:CVE), 7 have Buy rating, 2 Sell and 7 Hold. This represents a $0.16 annualized dividend and a dividend yield of 1.59%.

Cenovus continues to target between C$4 billion and C$5 billion in asset sale agreements by the end of the year, Ferguson, who is set to leave later this month, said on Thursday. Finally, BidaskClub upgraded shares of Cenovus Energy from a "strong sell" rating to a "sell" rating in a research note on Wednesday, August 2nd. Credit Suisse reinitiated the stock with "Outperform" rating in Friday, May 26 report. Barclays Capital downgraded the stock to "Underweight" rating in Monday, October 12 report. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company's stock. The stock has a consensus rating of Hold and a consensus target price of $15.59. The correct version of this piece can be read at https://weekherald.com/2017/10/19/the-manufacturers-life-insurance-company-buys-1950048-shares-of-cenovus-energy-inc-cve.html.



Other news