Trading volume for Cenovus Energy Inc was 6,628K in the last trading session. Trading volume was up 255.11% over the stocks average daily volume.
Traders are feeling more bullish on the company recently considering the fall in short interest. The company recorded a fall in short interest between September 15, 2017 and September 29, 2017 of -4.78%. Short interest decreased 1,903,247 over that timeframe. With short interest at 37,900,841 and short average daily volume at 6,163,375, the short-interest ratio is 6.0 and the percentage of shorted shares is 0.03% as of September 29.
These funds have shifted positions in (CVE). As of the end of the quarter Beutel, Goodman & Co Ltd. had sold 18,619,635 shares trimming its stake by 41.5%. The value of the investment in Cenovus Energy Inc went from $330,715,000 to $262,920,000 a change of $67,795,000 since the last quarter. Cutler Group LP downsized its position by selling 9,643 shares a decrease of 96.4% as of 09/30/2017. Cutler Group LP owns 357 shares with a value of $3,000. The value of the position overall is down by 25.0%.
As of quarter end American Research & Management Co. had disposed of a total of 511 shares trimming its position 10.0%. The value of the investment in CVE increased from $38,000 to $46,000 a change of 21.1% for the reporting period. As of quarter end Nexus Investment Management Inc. had disposed of a total of 2,850 shares trimming its holdings by 0.5%. The value of the investment in (CVE) went from $3,866,000 to $5,222,000 increasing 35.1% quarter over quarter.
The company is now down from yesterday’s close of 10.01. The company also recently declared a dividend paid on Friday September 29th, 2017. The dividend payment was $0.040 per share for the quarter or $0.16 annualized. This dividend amount was represent a yield of $1.65. The ex-dividend date was Thursday the 14th of September 2017.
The stock last traded at $9.91 which is slightly above $9.43, the stock’s 50 day moving average and which is quite a bit above the 200 day moving average of $8.83. The 50 day moving average was up $0.48 or +5.14% and the 200 day average moved up $1.08.
Cenovus Energy Inc currently has a P/E ratio of 4.04 and the market cap is 12.18B. As of the latest earnings report the EPS was $2.45 and is estimated to be $0.50 for the current year with 1,228,790,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.12 with next year’s EPS anticipated to be $0.14.
Cenovus Energy Inc. develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas in Canada. Its Oil Sands segment develops and produces bitumen assets at Foster Creek, Christina Lake, Narrows Lake, and the Athabasca natural gas assets, as well as projects in the early stages of development, such as Grand Rapids and Telephone Lake. The company’s Conventional segment engages in the development and production of conventional crude oil, NGLs, and natural gas in Alberta and Saskatchewan in Canada, including the heavy oil assets at Pelican Lake. This segment also includes the carbon dioxide enhanced oil recovery project at Weyburn. Its Refining and Marketing segment transports, sells, and refines crude oil into petroleum and chemical products. This segment also owns 50% interest ownership in two refineries in the United States. The company is headquartered in Calgary, Canada..