Cenovus Energy (CVE) Expected to Announce Earnings on Thursday

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE is anticipated to announce its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $11.08 billion for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Cenovus Energy Stock Down 0.4 %

Shares of NYSE CVE traded down $0.07 during midday trading on Friday, hitting $15.31. 7,263,320 shares of the stock traded hands, compared to its average volume of 11,424,421. The company has a market cap of $27.92 billion, a PE ratio of 10.56 and a beta of 1.99. Cenovus Energy has a one year low of $13.76 and a one year high of $21.90. The business has a 50 day moving average price of $14.98 and a two-hundred day moving average price of $16.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.59.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Royal Bank of Canada restated an "outperform" rating and issued a $28.00 price objective on shares of Cenovus Energy in a research note on Monday, January 6th. BMO Capital Markets reduced their price objective on Cenovus Energy from $31.00 to $28.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Finally, StockNews.com cut Cenovus Energy from a "buy" rating to a "hold" rating in a research report on Saturday, December 28th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $30.00.

Cenovus Energy Company Profile

Cenovus Energy Inc, together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.