Cenovus Energy (TSE:CVE) (NYSE:CVE) will post its quarterly earnings results before the market opens on Wednesday, April 25th. Analysts expect Cenovus Energy to post earnings of C($0.11) per share for the quarter.
Cenovus Energy (TSE:CVE) (NYSE:CVE) last issued its quarterly earnings data on Thursday, February 15th. The company reported C($0.43) earnings per share for the quarter, missing the consensus estimate of C$0.12 by C($0.55). Cenovus Energy had a negative net margin of 15.99% and a negative return on equity of 16.53%. The company had revenue of C$5.08 billion for the quarter, compared to the consensus estimate of C$4.97 billion.
Shares of TSE:CVE opened at C$12.25 on Wednesday. Cenovus Energy has a 1-year low of C$8.89 and a 1-year high of C$14.65.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.63%. The ex-dividend date was Wednesday, March 14th.
In other Cenovus Energy news, insider Keith Chiasson bought 2,635 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was purchased at an average cost of C$9.60 per share, with a total value of C$25,296.00.
Several equities analysts have weighed in on CVE shares. National Bank Financial raised their price objective on Cenovus Energy from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 9th. Eight Capital set a C$15.00 price objective on Cenovus Energy and gave the company a “neutral” rating in a research note on Thursday, January 11th. TD Securities dropped their price objective on Cenovus Energy from C$14.00 to C$12.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. AltaCorp Capital upgraded Cenovus Energy from a “sector perform” rating to an “outperform” rating in a research note on Friday, February 16th. Finally, Canaccord Genuity dropped their price objective on Cenovus Energy from C$16.00 to C$14.50 in a research note on Wednesday, April 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Cenovus Energy currently has an average rating of “Hold” and a consensus price target of C$15.07.
About Cenovus Energy
Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company's Oil Sands segment develops and produces bitumen and natural gas in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as projects in the early stages of development, such as Telephone Lake.
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