Cenovus Energy Inc (CVE) Short Interest Down 26.2% in November

Cenovus Energy Inc. says it is planning to cut about 15 per cent of its workforce as it looks to reduce costs next year. THE CANADIAN PRESS  Jeff McIntosh

Cenovus Energy Inc. says it is planning to cut about 15 per cent of its workforce as it looks to reduce costs next year. THE CANADIAN PRESS Jeff McIntosh

Cenovus Energy Inc. (NYSE:CVE) now has a Weekly Volatility of 2.89% percent while its Monthly Volatility is at 3.24% percent.

Headlines about Cenovus Energy (NYSE:CVE) (TSE:CVE) have trended somewhat positive recently, Accern reports.

Cenovus Energy (NYSE CVE) traded down $0.19 on Tuesday, hitting $9.39. Intact Investment Management Inc. now owns 151,950 shares of the oil and gas company's stock valued at $1,446,000 after buying an additional 600 shares during the last quarter. Allegis Investment Advisors LLC boosted its stake in shares of Cenovus Energy by 16.9% in the second quarter. AltaCorp Capital cut shares of Cenovus Energy from an "outperform" rating to a "sector perform" rating in a research report on Thursday, November 9th. Canaccord Genuity reissued a "buy" rating and set a $14.50 target price on shares of Cenovus Energy in a research note on Monday, September 25th. J P Morgan Chase & Co lowered their target price on Cenovus Energy from C$21.00 to C$19.00 in a report on Friday, March 31st. Scotiabank downgraded Cenovus Energy from an "outperform" rating to a "sector perform" rating in a report on Wednesday, November 15th. Burgundy Asset Management Ltd. increased its holdings in Cenovus Energy by 27.6% during the 3rd quarter. Finally, Point View Wealth Management Inc. bought a new position in Cenovus Energy in the 3rd quarter valued at approximately $133,000. The sales growth over the last 5 years is at -5.00% while earning per share for the last 12 months is at 2.24. Cenovus Energy presently has an average rating of "Hold" and a consensus target price of $14.42. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. The stock traded with the average Volume of 4.33 Million at the end of last session. Further, the firm has debt to equity ratio of 0.01, sometimes it remain same with long term debt to equity ratio. First Commonwealth Financial Corp PA acquired a new position in Cenovus Energy during the second quarter worth $114,000. The firm has a market capitalization of $11,599.78, a PE ratio of 13.49, a price-to-earnings-growth ratio of 2.72 and a beta of 0.61.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. While, the analyst predicted that the company could provide an EPS of $0.12/share. Stockholders of record on Friday, December 15th will be given a $0.039 dividend. The year to date performance is at -37.61% with a 52 week high of -43.88% and a 52 week low of 39.64%. This represents a $0.16 dividend on an annualized basis and a yield of 1.66%. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Cenovus Energy by 10.4% in the second quarter. Cenovus Energy's dividend payout ratio is now 8.08%. Letko Brosseau & Associates Inc. now owns 27,158,632 shares of the oil and gas company's stock worth $199,920,000 after acquiring an additional 7,354,590 shares during the period.

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