27 May, 2017
Shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) have received a consensus recommendation of "Hold" from the fifteen analysts that are presently covering the stock. 553,880 shares of the stock traded hands. The stock, after opening at $11.16, closed at $11.22 by scoring 1.17%. The consensus mean EPS for the current quarter is at $0.02 derived from a total of 8 estimates from the analysts who have weighed in on projected earnings. The business had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $3.21 billion. One obvious way to identify high earnings per share growth companies is to find companies that have demonstrated such growth over the past 5 to 10 years.
BlackBerry Ltd (NASDAQ:BBRY) have shown a low EPS growth of -24.80% in the last 5 years and has earnings growth of 80.50% yoy.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a $0.0371 dividend. This represents a $0.15 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, June 13th.
Analysts await Cenovus Energy Inc (USA) (NYSE:CVE) to report earnings on July, 27. Canaccord Genuity reissued a "hold" rating and issued a $16.50 price target on shares of Cenovus Energy in a research note on Wednesday, April 26th. Goldman Sachs Group Inc lowered Cenovus Energy from a buy rating to a sell rating and set a $13.00 price objective on the stock.in a report on Monday, January 23rd. TD Securities raised Cenovus Energy from a "hold" rating to a "buy" rating in a research report on Friday, March 24th. Finally, Macquarie raised Cenovus Energy from an "underperform" rating to a "neutral" rating in a research report on Thursday, March 30th. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seven have issued a buy recommendation on the company. Zacks Investment Research raised Cenovus Energy from a hold rating to a buy rating and set a $15.00 price target on the stock in a report on Wednesday, February 8th.
Large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Cenovus Energy by 33.0% in the first quarter. World Asset Management Inc boosted its stake in shares of Cenovus Energy by 1.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Cenovus Energy by 12.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Cenovus Energy by 0.4% in the fourth quarter.
The counter witnessed a trading volume of 1.49 million shares versus an average volume of 1.05 million shares during last trading session. Blue Rock Advisors LLC acquired a new position in Cenovus Energy during the third quarter worth about $179,000. The Bank Of Nova Scotia Trust Company holds 39,245 shares with $593,000 value, down from 72,917 last quarter.
Currently Cenovus Energy Inc (NYSE:CVE)'s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 73.1%. The firm has a 50 day moving average of $10.05 and a 200-day moving average of $12.98. The firm's market capitalization is $7.82 billion.
Shares of Cenovus Energy (NYSE:CVE) remained flat at $9.21 during midday trading on Friday. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and worldwide copyright and trademark legislation.
Taking a broader look brokerage firms' analysts on the street with an expectant view have Cenovus Energy Inc (NYSE:CVE) high price target of $16.4 and with a conservative view have low price target of $11.18.
Cenovus Energy Inc is a Canada-based integrated oil company.
