FY2025 Earnings Estimate for Cenovus Energy Inc. (TSE:CVE) Issued By Raymond James

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) – Equities research analysts at Raymond James reduced their FY2025 earnings estimates for shares of Cenovus Energy in a report released on Thursday, August 1st. Raymond James analyst M. Barth now forecasts that the company will post earnings of $2.40 per share for the year, down from their previous forecast of $2.54. Raymond James has a “Outperform” rating and a $33.00 price objective on the stock. The consensus estimate for Cenovus Energy’s current full-year earnings is $2.78 per share. Raymond James also issued estimates for Cenovus Energy’s FY2026 earnings at $2.62 EPS and FY2028 earnings at $3.36 EPS.

A number of other brokerages have also recently issued reports on CVE. CIBC upped their target price on shares of Cenovus Energy from C$31.00 to C$35.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. TD Securities upped their target price on shares of Cenovus Energy from C$30.00 to C$32.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. National Bankshares upped their target price on shares of Cenovus Energy from C$36.00 to C$38.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Royal Bank of Canada upped their target price on shares of Cenovus Energy from C$32.00 to C$33.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Finally, Desjardins upped their target price on shares of Cenovus Energy from C$31.50 to C$33.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$34.08.

Cenovus Energy Stock Up 0.1 %

Shares of CVE stock opened at C$24.82 on Monday. The company has a debt-to-equity ratio of 33.03, a quick ratio of 1.00 and a current ratio of 1.70. The firm’s 50-day moving average is C$26.77 and its 200-day moving average is C$26.05. The stock has a market cap of C$46.41 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 0.09 and a beta of 2.77. Cenovus Energy has a 52-week low of C$19.82 and a 52-week high of C$29.96.

Cenovus Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.18 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.72 annualized dividend and a yield of 2.90%. Cenovus Energy’s dividend payout ratio is currently 29.72%.

Insider Buying and Selling at Cenovus Energy

In other Cenovus Energy news, Director Alex Pourbaix sold 200,000 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$26.03, for a total transaction of C$5,206,700.00. In other Cenovus Energy news, Director Alex Pourbaix sold 200,000 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$26.03, for a total transaction of C$5,206,700.00. Also, Director Michael John Crothers bought 1,000 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were acquired at an average price of C$26.37 per share, for a total transaction of C$26,369.50. In the last three months, insiders have purchased 13,000 shares of company stock valued at $321,710 and have sold 683,996 shares valued at $17,605,807. Insiders own 31.50% of the company’s stock.

About Cenovus Energy

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.