Credit Capital Investments Llc increased its stake in Cenovus Energy Inc (CVE) by 119.76% based on its latest 2017Q4 regulatory filing with the SEC. Last year's EPS was $-0.04, while now analysts expect change of 0.00 % from current $-0.04 EPS. At the end of 2017Q4, the institutional investor held 1.21M shares of the oil & gas production company, valued at $11.10 million, up from 522,210 at the end of the previous reported quarter. The firm had revenue of C$5.08 billion during the quarter, compared to analyst estimates of C$4.97 billion. Cenovus Energy had a negative net margin of 15.99% and a negative return on equity of 16.53%.
CVE has been the subject of a number of other research reports. Cenovus Energy presently has a consensus rating of Hold and a consensus price target of C$15.07. ValuEngine cut Cenovus Energy from a "sell" rating to a "strong sell" rating in a research note on Thursday, March 1st. TD Securities downgraded Cenovus Energy Inc. Finally, Desjardins reissued a hold rating on shares of Cenovus Energy in a report on Friday, January 12th. The stock has "Hold" rating by Oppenheimer on Friday, June 23.
Among 29 analysts covering Apache Corporation (NYSE:APA), 7 have Buy rating, 6 Sell and 16 Hold. Cenovus Energy presently has an average rating of Hold and an average price target of $13.64. The average 12 month target price among analysts that have issued ratings on the stock in the a year ago is C$14.96. The firm has a market cap of $12,152.73, a price-to-earnings ratio of -505.00, a P/E/G ratio of 12.68 and a beta of 0.71. Cenovus Energy has a 52-week low of C$8.89 and a 52-week high of C$15.22.
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The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. The stock decreased 1.34% or $0.91 during the last trading session, reaching $66.81. Cenovus Energy's dividend payout ratio (DPR) is presently -800.00%.
Several hedge funds have recently bought and sold shares of the company. It also reduced its holding in Cisco Systems Inc. (NYSE:W). Morgan Stanley has invested 0.01% in Wayfair Inc. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Cenovus Energy by 35.7% during the fourth quarter. The company reported C ($0.43) earnings per share for the quarter, missing the consensus estimate of C$0.12 by C ($0.55). The correct version of this news story can be accessed at https://www.thelincolnianonline.com/2018/04/15/cenovus-energy-inc-cve-receives-average-rating-of-hold-from-brokerages.html. By buying 687,840 shares Nexus Investment Management Inc made the stock sank with 6.72%. Jane Street Group LLC now owns 382,640 shares of the oil and gas company's stock valued at $3,494,000 after acquiring an additional 293,120 shares during the last quarter. If you are reading this report on another website, it was copied illegally and reposted in violation of USA & global trademark & copyright laws. The correct version of this piece can be accessed at https://macondaily.com/2018/04/14/cenovus-energy-inc-cve-expected-to-post-quarterly-sales-of-3-72-billion-updated.html. The stock of Cenovus Energy Inc.
Cenovus Energy Inc. develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada.