Cenovus Energy (CVE) Earning Somewhat Favorable Press Coverage, Analysis Shows
Media headlines about Cenovus Energy (NYSE:CVE) (TSE:CVE) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cenovus Energy earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 45.8391371585541 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Featured Volatile Stock: Cenovus Energy Inc. (NYSE: CVE) – Alpha Beta Stock (alphabetastock.com)
- Zacks: Analysts Anticipate Cenovus Energy Inc (CVE) Will Announce Earnings of $0.10 Per Share (americanbankingnews.com)
- Investors Recap on Cenovus Energy Inc. (CVE) with Unusual Volume – Wall Street Morning (wallstreetmorning.com)
- Cenovus Energy Inc. (NYSE:CVE) – Do Investors Feel Confident About Stock’s Future Direction? – Nasdaq Journal (nasdaqjournal.com)
- Investors watchful Oversold Stock: Cenovus Energy Inc. (CVE) stock RSI shifts below 30 – Nasdaq Chronicle (press release) (nasdaqchronicle.com)
Several analysts have recently weighed in on CVE shares. Zacks Investment Research cut shares of Cenovus Energy from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Canaccord Genuity restated a “buy” rating and set a $15.50 price objective on shares of Cenovus Energy in a research report on Thursday, October 19th. AltaCorp Capital cut shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research report on Thursday, November 9th. Desjardins restated a “hold” rating on shares of Cenovus Energy in a research report on Friday, January 12th. Finally, Scotiabank lowered shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating in a report on Wednesday, November 15th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $14.42.
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About Cenovus Energy
Cenovus Energy Inc is a Canada-based integrated oil company. It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids (NGLs) and natural gas in Canada. The Company also conducts marketing activities and owns refining interests in the United States (U.S.). 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 U.S., as well as Corporate and Eliminations.
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