Cenovus Energy Inc (CVE) Technical Fundamentals and Valuation

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Cenovus Energy Inc (CVE) reported sales (ttm) of 11.59 Billion, whereas, 2 number of analysts estimated the mean sale of 4969.67 million. Wall Street analysts covering the stock are projecting that the stock will reach $10.69 within the next 52-weeks. The oil and gas company reported $0.27 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.03 by $0.24. The operator has been working to rebuild its balance sheet by selling off other assets, including the recent sale of its Pelican Lake and Suffield properties. Cenovus Energy Inc declared a dividend for shareholders which was paid on Friday the 29th of September 2017. As per Friday, March 11, the company rating was upgraded by Goldman Sachs. Canaccord Genuity reissued a "buy" rating and set a $14.50 target price on shares of Cenovus Energy in a research report on Monday, September 25th. BidaskClub raised shares of Cenovus Energy from a "strong sell" rating to a "sell" rating in a research note on Wednesday, August 2nd. The stock of Cenovus Energy Inc (TSE:CVE) earned " rating by Raymond James on Monday, June 6. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company's stock. Goldman Sachs has "Neutral" rating and $16 target. TD Securities maintained the shares of CVE in report on Friday, December 9 with "Hold" rating. Cutler Group LP now holds 357 shares valued at $3,000.

Shares last traded at $10.01 a tad higher than $9.43, the stock's 50 day moving average and which is quite a bit higher than the 200 day moving average of $8.83. The rating was upgraded by Nomura to "Neutral" on Thursday, January 21. As of the latest earnings report the EPS was $2.45 and is expected to be $0.51 for the current year with 1,228,790,000 shares presently outstanding. Cenovus Energy had a net margin of 17.89% and a return on equity of 3.20%. The business had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.40 billion.

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On average, analysts expect that Cenovus Energy will report full-year earnings of $0.36 per share for the current fiscal year, with EPS estimates ranging from $0.16 to $0.54. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of US & worldwide copyright and trademark legislation. Neuberger Berman Group LLC lifted its holdings in Cenovus Energy by 7.4% during the 1st quarter. Short shares decreased 1,903,247 over that period. Finally, First Commonwealth Financial Corp PA bought a new position in shares of Cenovus Energy during the 2nd quarter worth approximately $114,000. Next quarter's EPS is forecasted at $0.05 with next year's EPS projected to be $0.14.

Cenovus's shares were up about 2 percent in afternoon trading, while Schlumberger's were down about 1.5 percent, along with other energy stocks due to lower crude oil prices. Finally, Capstone Asset Management Co. increased its position in Cenovus Energy by 1.6% during the 2nd quarter.

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