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Cenovus Energy (CVE) Soars: Stock Adds 5.2% in Session

Zacks

Cenovus Energy Inc. CVE was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $7.45–$10.73 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen three positive estimate revisions in the past two months. Its Zacks Consensus Estimate for the current quarter has also revised upward over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Cenovus Energy currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Cenovus Energy Inc Price and Consensus


A better ranked stock worth considering in the Oil and Gas – Integrated – Canadian industry is Suncor Energy Inc. SU which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is CVE going up? Or down? Predict to see what others think: Up or Down

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