FY2025 EPS Estimate 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 - Investment analysts at Raymond James Financial boosted their FY2025 EPS estimates for shares of Cenovus Energy in a research report issued to clients and investors on Wednesday, September 10th. Raymond James Financial analyst M. Barth now anticipates that the oil and gas company will post earnings of $1.22 per share for the year, up from their prior 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.

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

Other analysts have also recently issued reports about the stock. UBS Group reiterated a "buy" rating on shares of Cenovus Energy in a research note on Monday, August 25th. National Bankshares reiterated an "outperform" rating on shares of Cenovus Energy in a research note on Wednesday, September 10th. Wall Street Zen upgraded shares of Cenovus Energy from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Jefferies Financial Group reiterated a "buy" rating on shares of Cenovus Energy in a research note on Tuesday, September 2nd. Finally, National Bank Financial upgraded shares of Cenovus Energy from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Cenovus Energy currently has an average rating of "Buy" and an average target price of $23.33.

Cenovus Energy Stock Performance

CVE stock traded up $0.54 during trading on Thursday, reaching $17.70. The company had a trading volume of 17,325,182 shares, compared to its average volume of 12,435,461. The firm has a 50-day simple moving average of $15.37 and a 200-day simple moving average of $13.91. The company has a market cap of $31.83 billion, a price-to-earnings ratio of 17.57 and a beta of 0.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.78 and a current ratio of 1.32. Cenovus Energy has a twelve month low of $10.23 and a twelve month high of $18.61.

Cenovus Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.5%. Cenovus Energy's dividend payout ratio is presently 56.44%.

Institutional Investors Weigh In On Cenovus Energy

Large investors have recently modified their holdings of the business. Atlantic Union Bankshares Corp purchased a new stake in shares of Cenovus Energy during the second quarter worth $27,000. Ridgewood Investments LLC purchased a new stake in shares of Cenovus Energy during the second quarter worth $27,000. Allworth Financial LP grew its holdings in shares of Cenovus Energy by 104.3% during the second 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 in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of Cenovus Energy during the first quarter worth $38,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Cenovus Energy during the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 51.19% of the company's stock.

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.