Cenovus Energy Inc s trend and data analysis indicates that the stock price has dropped -18.31% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -13.99% . Looking at the past 52 week period, the stock price is down -9.25% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Cenovus Energy Inc has a negative value of -13.95 compared to overall market performance.Cenovus Energy Inc. is having a Relative Strength Index of 40.6 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of Cenovus Energy Inc (NYSE:CVE) rallied by 2.32% during the past week but lost 9.52% on a 4-week basis. The company has outperformed the S&P 500 by 2.07% in the past week but underperformed the index by 10.55% in the last 4 weeks.
Company shares have received an average consensus rating of Hold for the current week Cenovus Energy Inc (NYSE:CVE) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.1 points or 0.8% at $12.36 with 1,594,713 shares getting traded. Post opening the session at $12.5, the shares hit an intraday low of $12.32 and an intraday high of $12.592 and the price was in this range throughout the day. The company has a market cap of $10,299 million and the number of outstanding shares has been calculated to be 833,289,850 shares. The 52-week high of Cenovus Energy Inc (NYSE:CVE) is $16.82 and the 52-week low is $11.66.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Cenovus Energy Inc (USA) was Downgraded by Macquarie to Underperform on Jan 24, 2017. Cenovus Energy Inc (USA) was Downgraded by Goldman to Sell on Jan 23, 2017.
Cenovus Energy Inc (USA) Last issued its quarterly earnings results on Feb 16, 2017. The company reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.48. Analyst had a consensus of $-0.09.Analysts expectations of $ 2924.14.During the same quarter in the previous year, the company posted $-0.53 EPS.
Cenovus Energy is an integrated oil company headquartered in Calgary, Alberta. The Companys operations include their growing enhanced oil projects and established natural gas and crude oil production in Alberta and Saskatchewan. The Company has four top-quality enhanced oil projects: Foster Creek, Christina Lake, Pelican Lake and Weyburn. Foster Creek, Christina Lake and Pelican Lake are located in northeast Alberta, and Weyburn is in Saskatchewan. The Company also has ownership interest in two high-quality refineries in Illinois and Texas. Cenovus Energys ongoing objective is to advance technologies that reduce the amount of water, steam, natural gas and electricity used in their operations and to decrease surface land disturbance.