Cenovus Energy Inc (CVE) Short Interest Update

Lloyd Doyle
December 2, 2017

Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) insider Ivor Melvin Ruste purchased 30,000 shares of the firm's stock in a transaction on Monday, November 20th. Allegis Investment Advisors LLC now owns 13,933 shares of the oil and gas company's stock valued at $103,000 after purchasing an additional 2,016 shares during the last quarter. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence).

For this year, MEDNAX, Inc. Allegis Investment Advisors LLC increased its holdings in shares of Cenovus Energy by 16.9% in the second quarter. The company has a quick ratio of 1.10, a current ratio of 1.41 and a debt-to-equity ratio of 0.62. Candriam Luxembourg S.C.A. boosted its position in shares of Cenovus Energy by 10.9% in the first quarter. Gulf International Bank UK Ltd boosted its position in shares of Cenovus Energy by 1.4% in the first quarter. Accern also assigned news headlines about the oil and gas company an impact score of 46.2167402216526 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. For the quarter, shares are performing at 26.18%. Institutional investors and hedge funds own 56.84% of the company's stock.

Shares of Cenovus Energy Inc (CVE) traded up C$0.57 during mid-day trading on Friday, reaching C$12.87. 925,640 shares of the stock were exchanged. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 4.22.

We see here that the stock is 0.86% away from the 20-Day Simple Moving Average. For the current quarter Cenovus Energy Inc (NYSE:CVE) has high EPS estimates of $0.68 in contradiction of low EPS estimates of $0.03.

According to analysts Cenovus Energy Inc (NYSE:CVE)'s minimum EPS for the current quarter is at $0.03 and can go high up to $0.68.


The company reported its last earnings Actual EPS of $0.19/share. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $3.21 billion. The company posted an earnings surprise of 58.3%.

Cenovus Energy Inc (NYSE:CVE)'s trailing twelve month revenues are $12.28 Billion, whereas its price to sales ratio for the same period is 0.95.

CVE has been the topic of several research analyst reports. AltaCorp Capital downgraded Cenovus Energy from an "outperform" rating to a "sector perform" rating in a research report on Thursday, November 9th. Canaccord Genuity reiterated a "hold" rating and set a $16.50 price target on shares of Cenovus Energy in a report on Wednesday, April 26th. Zacks Investment Research raised shares of Cenovus Energy from a "hold" rating to a "buy" rating and set a $11.00 price objective on the stock in a report on Thursday, October 19th. Finally, TD Securities upgraded Cenovus Energy from a "hold" rating to a "buy" rating in a report on Friday, March 24th. The stock boasts a consensus analyst "Buy" rating with the consensus recommendation standing at 2.50. Current price places the company's stock -1.23% away from its 200-day simple moving average, -5.09%, away from the 50-day average and also -7.65% away from 20-day average.

Cenovus Energy Inc is a Canada-based integrated oil company.

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