Cenovus Energy (CVE) Set to Announce Quarterly Earnings on Thursday

Cenovus Energy (NYSE:CVE) (TSE:CVE) will post its quarterly earnings results before the market opens on Thursday, August 1st. Analysts expect Cenovus Energy to post earnings of $0.58 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last announced its quarterly earnings results on Wednesday, May 1st. The oil and gas company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. The business had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.98 billion. Cenovus Energy had a return on equity of 16.53% and a net margin of 8.73%. On average, analysts expect Cenovus Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Cenovus Energy Stock Up 0.1 %

Shares of Cenovus Energy stock opened at $19.57 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25. The business’s 50 day simple moving average is $19.63 and its 200-day simple moving average is $19.01. The stock has a market capitalization of $36.32 billion, a price-to-earnings ratio of 10.87 and a beta of 2.07. Cenovus Energy has a twelve month low of $14.69 and a twelve month high of $21.90.

Cenovus Energy Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were given a dividend of $0.0981 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date was Thursday, May 16th. Cenovus Energy’s payout ratio is 29.44%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CVE shares. Raymond James upgraded Cenovus Energy to a “moderate buy” rating in a research report on Tuesday, May 28th. Scotiabank lowered their target price on Cenovus Energy from $35.00 to $34.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Finally, StockNews.com cut Cenovus Energy from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $30.67.

Cenovus Energy Company Profile

Cenovus Energy Inc, together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.