Cenovus Energy Inc. (CVE) Reaches $10.38 After 8.00% Up Move; Advantage Oil & Gas Ltd Ordinary Shares (AAV) Shorts Down By 3.78%

Sunday 1 July 2018

Cenovus Energy Inc. (CVE) Reaches $10.38 After 8.00% Up Move; Advantage Oil & Gas Ltd Ordinary Shares (AAV) Shorts Down By 3.78%

Cenovus Energy Inc. (NYSE:CVE) Logo

The stock of Cenovus Energy Inc. (NYSE:CVE) is a huge mover today! The stock increased 3.34% or $0.34 during the last trading session, reaching $10.38. About 943,627 shares traded. Cenovus Energy Inc. (NYSE:CVE) has risen 12.38% since June 29, 2017 and is uptrending. It has underperformed by 0.19% the S&P500. Some Historical CVE News: 25/04/2018 – CENOVUS ENERGY INC CVE.TO SAYS ULTIMATELY BELIEVES TRANSCANADA KEYSTONE XL PROJECT WILL GO AHEAD- CONF CALL; 13/04/2018 – CENOVUS ENERGY INC CVE.TO : CREDIT SUISSE RAISES TARGET PRICE TO C$17 FROM C$15; 23/03/2018 – Andrew: Cenovus seeks partner for C$1.3 billion Narrows Lake project; 06/03/2018 – Hal Kvisle and Keith MacPhail to stand as nominees for Cenovus Board; 25/04/2018 – Cenovus Energy 1Q Operating Loss $752M; 06/03/2018 CENOVUS CUT BREAK-EVEN TO $40/BBL FROM $70/BBL IN 4-5 YRS: CEO; 22/03/2018 – Cenovus provides first-quarter operational update; 25/04/2018 – CENOVUS ENERGY INC CVE.TO CENOVUS ENERGY INC CVE.TO SAYS WILL NOT CONSIDER ANY MATERIAL NEW ADDITIONS UNTIL IT SEES CLEAR LINE OF SIGHT TO INCREASE PIPELINE TAKEAWAY CAPACITY OUT OF THE PROVINCE- CONF; 25/04/2018 – CENOVUS ACTIVELY NEGOTIATING WITH RAIL PROVIDERS TO MOVE OIL; 05/04/2018 – CENOVUS NAMES JONATHAN MCKENZIE AS CFOThe move comes after 8 months positive chart setup for the $13.08 billion company. It was reported on Jun, 29 by Barchart.com. We have $11.21 PT which if reached, will make NYSE:CVE worth $1.05 billion more.

Advantage Oil & Gas Ltd Ordinary Shares (NYSE:AAV) had a decrease of 3.78% in short interest. AAV’s SI was 1.73 million shares in June as released by FINRA. Its down 3.78% from 1.80M shares previously. With 357,000 avg volume, 5 days are for Advantage Oil & Gas Ltd Ordinary Shares (NYSE:AAV)’s short sellers to cover AAV’s short positions. The SI to Advantage Oil & Gas Ltd Ordinary Shares’s float is 0.94%. The stock decreased 0.79% or $0.025 during the last trading session, reaching $3.125. About 7,681 shares traded. Advantage Oil & Gas Ltd. (NYSE:AAV) has declined 53.91% since June 29, 2017 and is downtrending. It has underperformed by 66.48% the S&P500. Some Historical AAV News: 19/04/2018 – ADVANTAGE OIL & GAS LTD AAV.TO – SEES AVERAGE ANNUAL PRODUCTION 240 MMCFE/D TO 255 MMCFE/D; 19/04/2018 – ADVANTAGE OIL & GAS LTD -ADDITIONAL WORK IS STILL REQUIRED TO COMPLETE GLACIER GAS PLANT EXPANSION PROJECT; 05/03/2018 – ADVANTAGE OIL & GAS LTD AAV.TO – ADVANTAGE’S $175 MLN CAPITAL PROGRAM FOR 2018 IS WEIGHTED APPROXIMATELY 60% TO FIRST HALF OF YEAR; 05/03/2018 – ADVANTAGE OIL & GAS LTD AAV.TO – FUNDS FROM OPERATIONS WERE $43.9 MLN OR $0.24/SHARE FOR QUARTER; 20/03/2018 – ADVANTAGE OIL & GAS LTD AAV.TO : CIBC RAISES TARGET PRICE TO C$6.50 FROM C$5.50; 15/05/2018 – Capital World Investors Buys 2.2% of Advantage Oil & Gas; 19/04/2018 – ADVANTAGE OIL & GAS -TOTAL PER UNIT CORPORATE CASH COSTS EXPECTED TO DECREASE TO ABOUT $1.15/MCFE AS PRODUCTION IS INCREASED DURING H2 2018; 15/04/2018 – ADVANTAGE OIL & GAS NAMES DAVID STERNA VP MARKETING/ COMMERCIAL; 03/05/2018 – ADVANTAGE OIL & GAS 1Q EPS C$0.05, EST. C$0.06 (2 EST.); 23/05/2018 – Advantage Oil & Gas Closes Below 50-Day Average: Technicals

More news for Cenovus Energy Inc. (NYSE:CVE) were recently published by: Fool.ca, which released: “2 Cheap Energy Stocks I’d Buy in July” on June 29, 2018. Fool.ca‘s article titled: “Baytex Energy Corp. (TSX:BTE) vs. Cenovus Energy Inc. (TSX:CVE): Which Stock Is a Better Buy?” and published on June 24, 2018 is yet another important article.

Analysts await Cenovus Energy Inc. (NYSE:CVE) to report earnings on July, 26. They expect $-0.06 earnings per share, down 122.22% or $0.33 from last year’s $0.27 per share. After $-0.48 actual earnings per share reported by Cenovus Energy Inc. for the previous quarter, Wall Street now forecasts -87.50% EPS growth.

Cenovus Energy Inc. develops, produces, and markets crude oil, natural gas liquids , and natural gas in Canada. The company has market cap of $13.08 billion. The Company’s Oil Sands segment develops and produces bitumen and natural gas in northeast Alberta. It has a 6.62 P/E ratio. This segmentÂ’s bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as projects in the early stages of development, such as Telephone Lake.

Among 5 analysts covering Cenovus Energy Inc Common Stock (NYSE:CVE), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Cenovus Energy Inc Common Stock had 6 analyst reports since March 7, 2018 according to SRatingsIntel. BMO Capital Markets upgraded Cenovus Energy Inc. (NYSE:CVE) on Thursday, May 17 to “Outperform” rating. The firm earned “Equal-Weight” rating on Monday, April 16 by Morgan Stanley. The rating was upgraded by Raymond James on Tuesday, April 24 to “Market Perform”. The company was maintained on Wednesday, May 23 by Morgan Stanley. Bank of America maintained it with “Neutral” rating and $9 target in Thursday, April 5 report.

Advantage Oil & Gas Ltd., together with its subsidiaries, acquires, exploits, develops, and produces natural gas in the province of Alberta, Canada. The company has market cap of $584.47 million. The firm primarily focuses on the development and delineation of its Montney natural gas and liquids resource that includes 157 net sections of land in Glacier, Alberta. It has a 12.55 P/E ratio. It provides natural gas and natural gas liquids primarily through marketing companies.

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