Cenovus Energy Inc (CVE) Given Consensus Recommendation of "Hold" by Brokerages

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(TSE:CVE) on Friday, June 30 to "Hold" rating. Credit Capital Investments Llc bought 100,600 shares as the company's stock declined 6.72% with the market. The oil and gas company reported ($0.35) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.10 by ($0.45).

Cenovus Energy Inc. develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada.The firm is worth $11.93 billion. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The company had a trading volume of 6,505,208 shares, compared to its average volume of 4,670,642. CVE underperformed by 47.16% the S&P500.

Jupiter Asset Management Ltd decreased its stake in Johnson & Johnson (JNJ) by 5.12% based on its latest 2017Q4 regulatory filing with the SEC. The institutional investor held 71,687 shares of the home furnishings company at the end of 2017Q4, valued at $1.58 million, down from 144,588 at the end of the previous reported quarter. Broderick Brian C who had been investing in Microsoft Corp for a number of months, seems to be bullish on the $716.70B market cap company. The stock increased 0.41% or $0.07 during the last trading session, reaching $17.28. The shares were acquired at an average price of C$9.60 per share, for a total transaction of C$25,296.00. Bed Bath & Beyond Inc. Apache Corporation (NYSE:APA) has declined 24.62% since April 15, 2017 and is downtrending. It has underperformed by 47.16% the S&P500. It is down 0.00% since April 14, 2017 and is. It fall, as 39 investors sold MSFT shares while 1012 reduced holdings. 78 funds opened positions while 183 raised stakes. 125.01 million shares or 3.64% less from 129.74 million shares in 2017Q3 were reported. Philadelphia Trust Com holds 514,257 shares or 3.46% of its portfolio. 103,098 are held by Arizona State Retirement Sys.

Investors sentiment decreased to 1.23 in Q4 2017. Wallace Cap Mgmt reported 108,685 shares stake. Moreover, Brown Brothers Harriman And Comm has 0.01% invested in Bed Bath & Beyond Inc. Parallax Volatility Advisers Lp invested in 31 shares. Savarese James sold $1.25M worth of Wayfair Inc. Moreover, Comml Bank Of Ny Mellon has 0.02% invested in Bed Bath & Beyond Inc. Livforsakringsbolaget Skandia Omsesidigt invested 0.02% in Bed Bath & Beyond Inc.

Among 2 analysts covering Cenovus Energy (TSE:CVE), 0 have Buy rating, 0 Sell and 2 Hold. This is a positive change from Cenovus Energy's previous quarterly dividend of $0.04. Finally, AltaCorp Capital upgraded Cenovus Energy from a sector perform rating to an outperform rating in a research report on Friday, February 16th. The firm has "Neutral" rating given on Thursday, June 23 by JP Morgan. Citigroup maintained the stock with "Neutral" rating in Friday, August 14 report. (NASDAQ:BBBY) on Monday, September 28 with "Neutral" rating. Burgundy Asset Management Ltd. increased its position in shares of Cenovus Energy by 27.6% during the third quarter. (NYSE:W) earned "Buy" rating by Stifel Nicolaus on Friday, August 25. Eight Capital set a C$15.00 price target on Cenovus Energy and gave the company a neutral rating in a research report on Thursday, January 11th. The rating was maintained by BMO Capital Markets with "Buy" on Thursday, July 13. The rating was maintained by Jefferies with "Hold" on Wednesday, September 20. The firm earned "Outperform" rating on Friday, February 12 by National Bank Canada.

Wall Street analysts forecast that Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) will report $3.72 billion in sales for the current fiscal quarter, Zacks reports. Finally, Schroder Investment Management Group increased its position in shares of Cenovus Energy by 84.8% during the fourth quarter.

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