04 August, 2017
A total number of 3 analysts provided estimations over revenues. The lowest sales estimate is $3.86 billion and the highest is $4.35 billion. Equities analysts forecast that Cenovus Energy will post $0.33 EPS for the current fiscal year.
06/21/2017 - Cenovus Energy Inc was downgraded to " by analysts at Macquarie.
Barclays Capital downgraded Cenovus Energy Inc (USA) (NYSE:CVE) on Monday, October 12 to "Underweight" rating. The oil and gas company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.03 by $0.24.
While having a peek at profitability ratios Cenovus Energy Inc (NYSE:CVE) has trailing twelve month gross margin at 42.8%, its trailing twelve month operating margin stands at 3.5% whereas its trailing twelve month net profit margin spots at 19.6%. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.40 billion.
Intevac, Inc. (NASDAQ:IVAC) was more active in the last trading session as around 0.64 million shares exchanged hands on Wall Street, representing an increase from its normal capacity of 0.22 million shares.
Several other equities research analysts have also weighed in on the company.
According to Financial Times, The 23 analysts offering 12 month price targets for Cenovus Energy Inc have a median target of 13.00, with a high estimate of 23.46 and a low estimate of 7.50. UBS AG downgraded shares of Cenovus Energy from a "market perform" rating to an "underperform" rating in a research report on Wednesday, July 5th. Canaccord Genuity upgraded Cenovus Energy from a "hold" rating to a "buy" rating in a research note on Wednesday, June 21st. ValuEngine raised Cenovus Energy from a "sell" rating to a "hold" rating in a research note on Friday, July 28th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Cenovus Energy now has a consensus rating of "Hold" and a consensus target price of $17.34. FNY Partners Fund LP purchased a new position in Cenovus Energy during the first quarter worth about $113,000. British Columbia Investment Management Corp now owns 157,700 shares of the oil and gas company's stock worth $1,336,000 after buying an additional 30,200 shares during the last quarter. Acadian Asset Management LLC increased its position in Cenovus Energy by 51.6% in the first quarter. Finally, Cigna Investments Inc. Finally, Vanguard Group Inc. boosted its position in Cenovus Energy by 15.0% in the first quarter. Beutel Goodman & Co Ltd. now owns 45,403,489 shares of the oil and gas company's stock worth $512,963,000 after buying an additional 2,152,330 shares during the period.
WARNING: This story was originally published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and worldwide trademark and copyright legislation. Total debt to equity ratio of the company for most recent quarter is 0.68 whereas long term debt to equity ratio for most recent quarter is 0.64.
Shares of Cenovus Energy (CVE) opened at 8.105 on Wednesday.
A large surprise factor in either direction typically can lead to a significant swing in the stock price in the hours and days after the report.
Now we look at the Moving Averages, the 200-day is -32.36, the 50-day is 1.94 and the 20-day is 5.33.
Cenovus Energy Inc is a Canada-based integrated oil company.
However looking at valuation ratios the stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.039 per share. This is a positive change from Cenovus Energy's previous quarterly dividend of $0.04. The ex-dividend date was Tuesday the 13th of June 2017. At present, 0 analysts call it Sell, while 6 think it is Hold.
