FY2025 EPS Estimates for Cenovus Energy Increased by Analyst

Key Points

• Analysts at Raymond James Financial have increased their FY2025 EPS estimate for Cenovus Energy from $1.17 to $1.22 per share, with additional projections for future years.
• Cenovus recently announced a quarterly dividend of $0.20 per share, resulting in an annualized dividend yield of 4.7%.
• The company's stock has seen a 4.8% increase recently, with a current price of $17.07 and an average rating of "Buy" from analysts.

Cenovus Energy Inc (NYSE:CVE - Free Report) TSE: CVE - Equities researchers at Raymond James Financial increased their FY2025 EPS estimates for Cenovus Energy in a research note issued on Wednesday, September 10th. Raymond James Financial analyst M. Barth now anticipates that the oil and gas company will earn $1.22 per share for the year, up from their previous forecast of $1.17. The consensus estimate for Cenovus Energy's current full-year earnings is $1.49 per share. Raymond James Financial also issued estimates for Cenovus Energy's FY2026 earnings at $1.03 EPS, FY2027 earnings at $1.17 EPS, FY2028 earnings at $2.02 EPS and FY2029 earnings at $2.12 EPS.

Several other equities research analysts have also issued reports on the company. National Bank Financial raised Cenovus Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 22nd. Jefferies Financial Group reaffirmed a "buy" rating on shares of Cenovus Energy in a research report on Tuesday, September 2nd. National Bankshares reaffirmed an "outperform" rating on shares of Cenovus Energy in a research report on Wednesday. Veritas downgraded Cenovus Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, UBS Group reiterated a "buy" rating on shares of Cenovus Energy in a research note on Monday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $23.33.

Cenovus Energy Trading Up 4.8%

NYSE:CVE opened at $17.07 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.78 and a current ratio of 1.32. The firm has a market cap of $30.70 billion, a price-to-earnings ratio of 16.90 and a beta of 0.99. Cenovus Energy has a 52 week low of $10.23 and a 52 week high of $18.61. The firm has a 50-day moving average price of $15.20 and a two-hundred day moving average price of $13.85.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last posted its quarterly earnings data on Thursday, July 31st. The oil and gas company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.14 by $0.19. The firm had revenue of $10.66 billion during the quarter, compared to analyst estimates of $10.64 billion. Cenovus Energy had a net margin of 5.18% and a return on equity of 9.06%. The company's revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS.

Cenovus Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Monday, September 15th. Cenovus Energy's dividend payout ratio (DPR) is 57.43%.

Institutional Trading of Cenovus Energy

Large investors have recently modified their holdings of the business. Atlantic Union Bankshares Corp bought a new stake in shares of Cenovus Energy during the 2nd quarter valued at about $27,000. Ridgewood Investments LLC bought a new stake in Cenovus Energy in the 2nd quarter worth approximately $27,000. Allworth Financial LP lifted its position in Cenovus Energy by 104.3% in the 2nd quarter. Allworth Financial LP now owns 2,288 shares of the oil and gas company's stock worth $31,000 after buying an additional 1,168 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in Cenovus Energy in the 1st quarter worth approximately $38,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Cenovus Energy in the 1st quarter worth approximately $42,000. Institutional investors own 51.19% of the company's stock.

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.

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