Cenovus Energy (CVE) Ascends While Market Falls: Some Facts to Note

Cenovus Energy (CVE) closed at $32.88, up 2.72%, outperforming the S&P 500's decline. The company received a Zacks Rank #1 (Strong Buy) rating with consensus EPS forecast of $1.21 (up 132.69% YoY) and revenue of $11.71 billion (up 22.2% YoY). Trading at a Forward P/E of 7.77, below its industry average of 10.37, CVE is positioned in a top-ranked industry with recent analyst estimate revisions up 15.51% over 30 days.