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Cenovus Energy Inc. (CVE) Shows Strength: Stock Up 5.4%

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Cenovus Energy Inc. (CVE - Free Report) was a big mover last session, as the company saw its shares rise above 5% on the day. The move came on solid volume too, with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company as the stock is now down almost 10% in the past one-month time frame.

The company has seen one positive and no negative estimate revision in the past 30 days. Also, its Zacks Consensus Estimate moved higher over the same timeframe. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Cenovus Energy currently sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.

 

Another favorably-ranked stock in the Oil and Gas - Integrated industry is Imperial Oil Limited (IMO - Free Report) , which holds a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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Imperial Oil Limited (IMO) - free report >>

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