Cenovus Energy (CVE) Projected to Post Quarterly Earnings on Thursday

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE will likely be announcing its Q1 2025 earnings results before the market opens on Thursday, May 8th. Analysts expect Cenovus Energy to post earnings of $0.36 per share and revenue of $12.39 billion for the quarter.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last issued its quarterly earnings data on Thursday, February 20th. The oil and gas company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.27). Cenovus Energy had a return on equity of 10.73% and a net margin of 5.82%. The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $11.08 billion. 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 Trading Down 1.7 %

Shares of CVE stock traded down $0.21 on Monday, reaching $11.84. 3,994,095 shares of the company's stock were exchanged, compared to its average volume of 8,632,677. The company has a current ratio of 1.59, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $21.57 billion, a PE ratio of 9.78 and a beta of 0.95. The company's fifty day simple moving average is $12.67 and its 200 day simple moving average is $14.45. Cenovus Energy has a 52 week low of $10.23 and a 52 week high of $21.08.

Cenovus Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.1269 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend was Friday, March 14th. Cenovus Energy's dividend payout ratio (DPR) is presently 40.50%.

Analyst Upgrades and Downgrades

CVE has been the subject of several research analyst reports. Scotiabank raised Cenovus Energy to a "strong-buy" rating in a research note on Wednesday, March 19th. National Bank Financial lowered shares of Cenovus Energy from an "outperform" rating to a "sector perform" rating in a research note on Friday, February 21st. Royal Bank of Canada reissued an "outperform" rating and issued a $25.00 price objective on shares of Cenovus Energy in a research report on Friday, April 11th. Morgan Stanley restated an "overweight" rating on shares of Cenovus Energy in a research note on Tuesday, April 15th. Finally, National Bankshares reissued a "sector perform" rating on shares of Cenovus Energy in a research report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $25.75.

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.