Canaccord Genuity Cuts Cenovus Energy (CVE) Price Target to C$14.50

Darnell Taylor
April 15, 2018

The stock of Johnson & Johnson (NYSE:JNJ) has "Buy" rating given on Thursday, August 31 by UBS. The company was downgraded on Wednesday, March 23 by Capital One.

TRADEMARK VIOLATION NOTICE: "Cenovus Energy Inc (CVE) Receives Average Rating of "Hold" from Brokerages" was posted by The Lincolnian Online and is the property of of The Lincolnian Online. The rating was maintained by Jefferies with "Hold" on Wednesday, September 20. The stock of Apache Corporation (NYSE:APA) earned "Hold" rating by Stifel Nicolaus on Friday, July 7. As per Friday, December 9, the company rating was maintained by Scotia Capital.

Lincluden Management Ltd increased its stake in Cenovus Energy Inc. They expect $2.01 EPS, up 9.84% or $0.18 from last year's $1.83 per share. After $1.74 actual EPS reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts 15.52% EPS growth. The stock decreased 6.48% or $0.0196 during the last trading session, reaching $0.2831. CVE has 5.21 million volume or 12.81% up from normal.

Total analysts of 2 have positions in Cenovus Energy Inc Common Stock (NYSE:CVE) as follows: 0 rated it a "Buy", 0 with "Sell" and 2 with "Hold". CVE underperformed by 47.16% the S&P 500. Credit Capital Investments Llc who had been investing in Cenovus Energy Inc for a number of months, seems to be bullish on the $12.11B market cap company. Allen Investment Management Llc who had been investing in Wayfair Inc for a number of months, seems to be bullish on the $5.94 billion market cap company. Its segments include: Oil Sands, which includes the development and production of bitumen and natural gas in northeast Alberta; Conventional, which includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake, the carbon dioxide (CO2) enhanced oil recovery (EOR) project at Weyburn and emerging tight oil opportunities; Refining and Marketing, which includes transporting and selling crude oil and natural gas and joint ownership of refineries in the USA, as well as Corporate and Eliminations. It has a 4.17 P/E ratio. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as projects in the early stages of development, such as Telephone Lake.

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In total 2 analysts cover Cenovus Energy Inc Common Stock (NYSE:CVE). Therefore 44% are positive. Johnson & Johnson had 93 analyst reports since August 7, 2015 according to SRatingsIntel.

Since October 12, 2017, it had 1 insider purchase, and 68 insider sales for $11.75 million activity. (NYSE:CVE) has "Hold" rating given on Wednesday, July 19 by Morgan Stanley. On Tuesday, January 24 the stock rating was downgraded by Macquarie Research to "Underperform". Finally, Desjardins reissued a hold rating on shares of Cenovus Energy in a report on Friday, January 12th.

Cenovus Energy Inc is a Canada-based integrated oil company. 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. (NYSE:CVE) earned "Neutral" rating by Goldman Sachs on Thursday, June 22.

The stock increased 3.15% or $1.24 during the last trading session, reaching $40.62. About 4,900 shares traded. It has underperformed by 36.17% the S&P500. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.57%. It fall, as 71 investors sold BBBY shares while 105 reduced holdings.

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