Brokers Set Expectations for Cenovus Energy FY2025 Earnings

Key Points

• Raymond James Financial estimates Cenovus Energy's FY2025 earnings per share will be $1.44, with a "Strong-Buy" rating and a price target of $32.00.
• Current consensus estimates project Cenovus Energy's full-year earnings at $2.26 per share, with several analysts adjusting their price targets upward.
• Cenovus Energy announced a quarterly dividend of $0.20, resulting in an annualized dividend yield of 3.3%.

Cenovus Energy Inc. (TSE:CVE - Free Report) NYSE: CVE - Stock analysts at Raymond James Financial issued their FY2025 earnings per share estimates for Cenovus Energy in a research report issued to clients and investors on Thursday, October 9th. Raymond James Financial analyst M. Barth expects that the company will post earnings per share of $1.44 for the year. Raymond James Financial has a "Strong-Buy" rating and a $32.00 price target on the stock. The consensus estimate for Cenovus Energy's current full-year earnings is $2.26 per share.

Several other equities research analysts have also recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of Cenovus Energy from C$25.00 to C$26.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. lowered their target price on shares of Cenovus Energy from C$32.00 to C$29.00 and set an "overweight" rating for the company in a report on Thursday, September 11th. Jefferies Financial Group lifted their target price on shares of Cenovus Energy from C$25.00 to C$29.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. National Bankshares lifted their price objective on Cenovus Energy from C$28.00 to C$29.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 10th. Finally, Desjardins lifted their price objective on Cenovus Energy from C$27.50 to C$29.00 in a research note on Monday, August 25th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of C$28.10.

Cenovus Energy Price Performance

Shares of CVE stock opened at C$24.25 on Monday. Cenovus Energy has a 12 month low of C$14.48 and a 12 month high of C$25.97. The stock has a 50-day moving average price of C$22.76 and a 200 day moving average price of C$19.96. The company has a quick ratio of 1.00, a current ratio of 1.59 and a debt-to-equity ratio of 33.59. The firm has a market cap of C$43.12 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 0.09 and a beta of 0.66.

Cenovus Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.3%. The ex-dividend date was Monday, September 15th. Cenovus Energy's dividend payout ratio (DPR) is 51.39%.

About Cenovus Energy

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.

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