November 30, 2016 - By Darrin Black · 0 Comments
The stock of Cenovus Energy Incorporated (NYSE:CVE) registered a decrease of 16.11% in short interest. CVE’s total short interest was 7.87 million shares in November as published by FINRA. Its down 16.11% from 9.38 million shares, reported previously. With 1.93M shares average volume, it will take short sellers 4 days to cover their CVE’s short positions. The short interest to Cenovus Energy Incorporated’s float is 0.95%. About 2.65M shares traded hands or 59.64% up from the average. Cenovus Energy Inc (USA) (NYSE:CVE) has declined 7.05% since April 27, 2016 and is downtrending. It has underperformed by 12.28% the S&P500.
Cenovus Energy Inc is a Canada-based integrated oil company. The company has a market cap of $12.56 billion. It is engaged in the business of developing, producing and marketing crude oil, natural gas liquids and natural gas. It currently has negative earnings. The Company’s divisions include Oil Sands, Conventional, Refining and Marketing, and Corporate and Eliminations.
Out of 12 analysts covering Cenovus Energy Inc (NYSE:CVE), 6 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 50% are positive. Cenovus Energy Inc has been the topic of 15 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Tuesday, January 26 the stock rating was upgraded by Goldman Sachs to “Buy”. JP Morgan maintained Cenovus Energy Inc (USA) (NYSE:CVE) rating on Tuesday, December 15. JP Morgan has “Neutral” rating and $18 price target. Goldman Sachs upgraded the stock to “Conviction Buy” rating in Friday, March 11 report. The firm has “Neutral” rating given on Thursday, January 21 by Nomura. The rating was upgraded by Morgan Stanley on Monday, June 13 to “Overweight”. Goldman Sachs upgraded Cenovus Energy Inc (USA) (NYSE:CVE) on Tuesday, December 1 to “Neutral” rating. The stock of Cenovus Energy Inc (USA) (NYSE:CVE) earned “Neutral” rating by Bank of America on Friday, August 19. Barclays Capital downgraded the stock to “Underweight” rating in Monday, October 12 report. The rating was downgraded by UBS on Tuesday, January 26 to “Neutral”. The firm has “Outperform” rating given on Thursday, April 28 by RBC Capital Markets.
More notable recent Cenovus Energy Inc (USA) (NYSE:CVE) news were published by: Fool.ca which released: “Better Buy: Cenovus Energy Inc. vs. Canadian Natural Resources Limited” on May 30, 2016, also Fool.ca with their article: “Should Investors Buy Cenovus Energy Inc. to Play an Oil Rebound?” published on February 18, 2016, Fool.ca published: “Why Did Moody’s Cut Encana Corporation and Cenovus Energy Inc. to Junk Status?” on February 22, 2016. More interesting news about Cenovus Energy Inc (USA) (NYSE:CVE) were released by: Fool.ca and their article: “Cenovus Energy Inc.: Why Doesn’t This Energy Giant Get More Love?” published on February 04, 2016 as well as Fool.ca‘s news article titled: “What Does Cenovus Energy Inc. Need in 2016?” with publication date: January 07, 2016.
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By Darrin Black