Cenovus Energy (CVE) to Release Earnings on Thursday

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE is expected to be releasing its Q2 2025 earnings data before the market opens on Thursday, July 31st. Analysts expect the company to announce earnings of $0.20 per share and revenue of $10.64 billion for the quarter.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last issued its quarterly earnings data on Thursday, May 8th. The oil and gas company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The company had revenue of $11.15 billion for the quarter, compared to analyst estimates of $12.39 billion. Cenovus Energy had a return on equity of 9.56% and a net margin of 5.22%. During the same period last year, the company earned $0.62 earnings per share. On average, analysts expect Cenovus Energy to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Cenovus Energy Price Performance

Shares of NYSE CVE traded up $0.10 during midday trading on Friday, hitting $14.48. The stock had a trading volume of 10,197,813 shares, compared to its average volume of 11,805,348. The company has a market capitalization of $26.14 billion, a PE ratio of 13.53 and a beta of 0.93. The stock has a 50 day simple moving average of $13.99 and a 200-day simple moving average of $13.71. Cenovus Energy has a 1 year low of $10.23 and a 1 year high of $20.40. The company has a quick ratio of 0.84, a current ratio of 1.46 and a debt-to-equity ratio of 0.25.

Cenovus Energy Increases Dividend

The company also recently announced a dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a $0.20 dividend. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, June 13th. This is an increase from Cenovus Energy's previous dividend of $0.11. Cenovus Energy's dividend payout ratio (DPR) is 54.21%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cenovus Energy stock. Jones Financial Companies Lllp increased its position in Cenovus Energy Inc (NYSE:CVE - Free Report) TSE: CVE by 574.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 21,607 shares of the oil and gas company's stock after purchasing an additional 18,405 shares during the period. Jones Financial Companies Lllp's holdings in Cenovus Energy were worth $301,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 51.19% of the company's stock.

Wall Street Analyst Weigh In

CVE has been the topic of a number of analyst reports. National Bankshares reiterated a "sector perform" rating on shares of Cenovus Energy in a research report on Friday, April 25th. Morgan Stanley reiterated an "overweight" rating on shares of Cenovus Energy in a research report on Tuesday, April 15th. Royal Bank Of Canada reiterated an "outperform" rating and set a $25.00 price objective on shares of Cenovus Energy in a research report on Friday, April 11th. The Goldman Sachs Group reduced their target price on Cenovus Energy from $18.00 to $16.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Veritas downgraded Cenovus Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Cenovus Energy has an average rating of "Moderate Buy" and an average price target of $23.00.

About Cenovus Energy

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.