Analysts Swing to Diverse Views for Cenovus Energy Inc. (CVE), Office Depot, Inc. (ODP)

Shares of Cenovus Energy Inc. (NYSE:CVE) opened at $10.18, and ended -0.99% lower at $10.04. Nearly 4.92 million shares were traded by the close, higher than its average daily volume of 4.43 million shares.

Cenovus Energy Inc. (CVE) Analyst Opinion

Cenovus Energy Inc. has a consensus outperform rating from 26 Wall Street analysts, and the number of shares currently sold short amount to at least 2.92% of shares outstanding. The stock sank -4.83% last month and is up 9.97 this year. Wall Street is only getting more bullish on the stock, with 15 of analysts who cover CVE having a buy-equivalent rating. Analysts have placed a $10.85 price target on Cenovus Energy Inc., suggesting a 8.07% gain from recent close. It’s currently trading about -12.85% below its 52-week high.

Cenovus Energy Inc. Earnings Surprise

Cenovus Energy Inc. (CVE) failed to surprise the stock market in its last reported earnings when it earned -$0.4 a piece versus the consensus-estimated -$0.16. Its revenue totaled $4.2 billion down -17.37% from the previous quarter.

Cenovus Energy Inc. (NYSE:CVE) Intraday View

This stock (CVE) is ahead of its 52-week low with 45.51%. Its last month’s stock price volatility remained 3.24% which for the week stands at 3.35%. The share price has moved forward from its 20 days moving average, trading at a distance of 2.21% and stays -1.63% away from its 50 days moving average. Over the last five days, shares have managed 9.13% gains and now is up 5.15% since hitting its 200-day moving average of $9.4. Cenovus Energy Inc. (CVE) has made its way to a 12-month gain of 36.78%.

Turning to Office Depot, Inc. (NASDAQ:ODP), its shares were trading at $2.66 a retreat of $-0.04, on the trading floor. The stock, after opening at $2.69, touched a high of $2.73 before paring much of its gains. So far, analysts are sticking with their bearish recommendations with the consensus call at 3. Office Depot, Inc. has 1 buy ratings, 4 holds and 1 sells even after the stock tumbled -57.47% from its high of $6.26 to a $1.52 billion market value through last close.

Office Depot, Inc. (ODP) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 3.14 to 3.14 during a month. Analysts set a 12-month price target of $2.71 a share. The target implies a 1.88% spike from where the shares are currently trading. Also, the current price highlights a discount of 50.38% to analysts’ high consensus price target.

Office Depot, Inc. (NASDAQ:ODP) Intraday Trading

The counter witnessed a trading volume of 5.92 million shares versus an average volume of 7.65 million shares during last trading session. Its last month’s stock price volatility remained 4.77% which for the week approaches 4.56%. The lowest price the stock reached in the last trading day was $2.61 and compares with the $2.00 52-week low. The stock recovered 33% since its low point and has performed -24.86% year-to-date.