Quarterly Financial Review of Cenovus Energy Inc (NYSE:CVE)

Out of 2 Wall Street analysts rating ePlus, 0 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 35,667 shares of the oil and gas company's stock valued at $540,000 after buying an additional 134 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Cenovus Energy were worth $309,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CVE. The target price per share indicates a possible upside of 137.84 % from company's last stock close. World Asset Management Inc raised its position in Cenovus Energy by 1.4% in the first quarter. Tower Research Capital LLC TRC increased its position in Cenovus Energy by 306.5% in the first quarter. The difference between the expected and actual EPS was $0.02/share, which represents an Earnings surprise of 33.3%. Comerica Bank boosted its position in Cenovus Energy by 7.4% in the fourth quarter. This recommendation lands on a scale between 1 and 5.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Institutional investors own 84.01% of the company's stock. Cenovus Energy Inc (USA) (NYSE:CVE) has declined 34.01% since June 22, 2016 and is downtrending. The stock's market cap is $6.58 billion.

Cenovus Energy Inc has a 50 day moving average of 8.99 and a 200 day moving average of 12.18.

Following trading activity for Cenovus Energy Inc.(NYSE:CVE), we can see that the stock has moved onto today's list of most actives.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last issued its earnings results on Wednesday, April 26th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by $0.06. The Return on Equity (ROE) value stands at -1.9%.

Analyst notified mean rating at 3.20 after consensus analysis. During the same period in the prior year, the firm posted ($0.51) EPS. Cenovus Energy Inc had 19 analyst reports since July 21, 2015 according to SRatingsIntel.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a $0.05 dividend. The company was maintained on Tuesday, June 28 by Desjardins Securities. Cenovus Energy's payout ratio is -71.43%. Cenovus Energy had a negative net margin of 1.64% and a positive return on equity of 0.03%. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of global copyright legislation. Past 5 years growth of Cenovus Energy Inc (NYSE:CVE) observed at 2.11%, looking forward for the next 5 years it has a strong prediction of 53.65% over growth. CVE's SI was 9.64M shares in June as released by FINRA. Goldman Sachs Group, Inc. The firm has "Hold" rating given on Friday, December 9 by Stifel Nicolaus. The rating was maintained by RBC Capital Markets on Tuesday, October 6 with "Outperform".

Cenovus Energy Inc (CVE) reported earning per shares for the quarter ending Jul 26 BMO, whereas, 11 number of analysts estimated the mean EPS at 0.03. Macquarie raised shares of Cenovus Energy from an underperform rating to a neutral rating in a report on Thursday, March 30th. Zacks Investment Research lowered Cenovus Energy from a "buy" rating to a "hold" rating in a research note on Monday, May 1st. Analusts at present have a solid "Buy" rating on the stock.

Transocean Ltd. (RIG) stock price moved -10.80% away from 20-Days Simple Moving Average, -21.20% from 50-Days Simple Moving Average and separated -30.82% from 200 Days Simple Moving Average.

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  • Julie Sanders