FY2025 EPS Estimate for Cenovus Energy Raised by Analyst

Key Points

• Raymond James Financial has raised its FY2025 earnings estimate for Cenovus Energy to $1.70 per share from $1.60, maintaining an "Outperform" rating with a target price of $30.00.
• The company recently declared a quarterly dividend of $0.20 per share, providing a 3.4% yield, with an ex-dividend date of September 15th.
• Cenovus Energy has experienced various target price adjustments from analysts, with a consensus target price of C$28.20 and ratings reflecting a general optimism as nine analysts have a "Buy" rating on the stock.

Cenovus Energy Inc. (TSE:CVE - Free Report) NYSE: CVE - Analysts at Raymond James Financial lifted their FY2025 earnings per share estimates for Cenovus Energy in a research report issued to clients and investors on Wednesday, September 10th. Raymond James Financial analyst M. Barth now forecasts that the company will post earnings of $1.70 per share for the year, up from their prior estimate of $1.60. Raymond James Financial currently has a "Outperform" rating and a $30.00 target price on the stock. The consensus estimate for Cenovus Energy's current full-year earnings is $2.26 per share. Raymond James Financial also issued estimates for Cenovus Energy's FY2026 earnings at $1.43 EPS, FY2027 earnings at $1.63 EPS and FY2028 earnings at $2.81 EPS.

CVE has been the topic of a number of other reports. National Bankshares boosted their price objective on Cenovus Energy from C$28.00 to C$29.00 and gave the company an "outperform" rating in a research report on Wednesday, September 10th. Royal Bank Of Canada boosted their price target on Cenovus Energy from C$25.00 to C$26.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. National Bank Financial raised Cenovus Energy from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. decreased their price target on Cenovus Energy from C$32.00 to C$29.00 and set an "overweight" rating on the stock in a research note on Thursday, September 11th. Finally, Jefferies Financial Group boosted their price target on Cenovus Energy from C$25.00 to C$29.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of C$27.90.

Cenovus Energy Stock Performance

Shares of CVE traded up C$0.73 on Thursday, reaching C$24.34. 4,934,307 shares of the stock traded hands, compared to its average volume of 7,508,894. The firm has a market cap of C$43.81 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 0.09 and a beta of 0.78. The company has a debt-to-equity ratio of 33.59, a current ratio of 1.59 and a quick ratio of 1.00. Cenovus Energy has a 12 month low of C$14.48 and a 12 month high of C$25.31. The stock's 50-day moving average price is C$21.16 and its 200-day moving average price is C$19.31.

Cenovus Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 29th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.80 dividend on an annualized basis and a yield of 3.3%. Cenovus Energy's payout ratio is currently 51.39%.

Cenovus Energy Company Profile

Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 472 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds 6.7 billion boe of proven and probable reserves.