Cenovus Energy Inc (CVE) Expected to Post Quarterly Sales of $3.72 Billion


The business is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, April 25th. Scotiabank restated an "outperform" rating and set a $21.00 price objective (up previously from $20.00) on shares of Cenovus Energy in a report on Saturday, October 29th. The company reported C ($0.43) earnings per share for the quarter, missing the consensus estimate of C$0.12 by C ($0.55).

Cenovus Energy (TSE:CVE) (NYSE:CVE) had its target price decreased by Canaccord Genuity from C$16.00 to C$14.50 in a report published on Wednesday morning. During the same period in the prior year, the firm posted $0.39 earnings per share. Analysts predicts -88.57 % EPS growth this quarter. Cenovus Energy had a negative net margin of 15.99% and a negative return on equity of 16.53%.

Investors sentiment increased to 0.87 in 2017 Q4.

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Several other equities analysts also recently weighed in on CVE. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. ValuEngine cut Cenovus Energy from a "sell" rating to a "strong sell" rating in a research note on Thursday, March 1st. Finally, Zacks Investment Research upgraded shares of Cenovus Energy from a "sell" rating to a "hold" rating in a report on Friday, December 9th. On Thursday, April 5 the stock of Cenovus Energy Inc. The stock presently has a consensus rating of "Hold" and an average target price of $13.64. Gordon Haskett initiated the shares of W in report on Tuesday, May 9 with "Buy" rating.

In total 2 analysts cover Cenovus Energy (TSE:CVE). CVE has 5.21 million volume or 12.81% up from normal. The firm has a market cap of $11,181.99, a price-to-earnings ratio of -468.00, a P/E/G ratio of 12.49 and a beta of 0.71.

Analysts expect Cenovus Energy Inc. The company has a current ratio of 1.13, a quick ratio of 0.82 and a debt-to-equity ratio of 0.48. Stockholders of record on Thursday, March 15th were given a dividend of $0.0398 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.20 annualized dividend and a yield of 1.57%. This is a positive change from Cenovus Energy's previous quarterly dividend of $0.04. Goldman Sachs upgraded Cenovus Energy Inc. Connable Office Incorporated invested in 0.65% or 24,031 shares. The institutional investor held 71,687 shares of the home furnishings company at the end of 2017Q4, valued at $1.58 million, down from 144,588 at the end of the previous reported quarter. TD Securities downgraded Cenovus Energy Inc. Lincluden Management Ltd. increased its position in Cenovus Energy by 15.9% during the fourth quarter. Community Financial Services Gru Ltd Limited Liability Company accumulated 21,237 shares or 1.15% of the stock. Canada Pension Plan Inv Board owns 0.05% invested in Bed Bath & Beyond Inc. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & worldwide copyright laws. Zacks' sales averages are an average based on a survey of research analysts that that provide coverage for Cenovus Energy. Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp who had been investing in Cenovus Energy Inc for a number of months, seems to be less bullish one the $12.11 billion market cap company. The Company also conducts marketing activities and owns refining interests in the United States (U.S.).

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