Cenovus Energy Inc. (CVE): Today's Featured Energy Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Cenovus Energy ( CVE) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day up 1.1%. By the end of trading, Cenovus Energy fell $0.78 (-2.9%) to $26.21 on average volume. Throughout the day, 1,613,973 shares of Cenovus Energy exchanged hands as compared to its average daily volume of 1,209,300 shares. The stock ranged in price between $26.03-$26.68 after having opened the day at $26.66 as compared to the previous trading day's close of $26.99. Other companies within the Energy industry that declined today were: Lilis Energy ( LLEX), down 9.3%, Rocket Fuel ( FUEL), down 5.6%, Camac Energy ( CAK), down 5.5% and CGG ( CGG), down 3.6%.

Cenovus Energy Inc., an integrated oil company, together with its subsidiaries, engages in the development, production, and marketing of bitumen, crude oil, natural gas, and natural gas liquids (NGLs) in Canada with refining operations in the United States. Cenovus Energy has a market cap of $20.1 billion and is part of the basic materials sector. Shares are down 5.8% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Cenovus Energy a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Cenovus Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins.

On the positive front, Pyramid Oil Company ( PDO), up 14.9%, Global Geophysical Services ( GGS), up 12.9%, Sonde Resources ( SOQ), up 10.9% and Petrobras Argentina ( PZE), up 10.0% , were all gainers within the energy industry with Valero Energy Corporation ( VLO) being today's featured energy industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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