Cenovus Energy (CVE) Scheduled to Post Quarterly Earnings on Wednesday

Cenovus Energy (TSE:CVE - Get Free Report) NYSE: CVE will post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Cenovus Energy to post earnings of C$0.47 per share for the quarter.

Cenovus Energy (TSE:CVE - Get Free Report) NYSE: CVE last issued its quarterly earnings results on Thursday, February 15th. The company reported C$0.39 earnings per share for the quarter, beating analysts' consensus estimates of C$0.33 by C$0.06. Cenovus Energy had a return on equity of 14.60% and a net margin of 7.87%. The business had revenue of C$13.13 billion during the quarter, compared to the consensus estimate of C$13.06 billion. During the same period in the previous year, the business earned $0.39 EPS.

Cenovus Energy Stock Performance

Shares of TSE CVE traded down C$0.01 during trading on Thursday, reaching C$29.09. The stock had a trading volume of 3,408,540 shares, compared to its average volume of 4,630,467. Cenovus Energy has a one year low of C$19.82 and a one year high of C$29.96. The company has a debt-to-equity ratio of 34.64, a quick ratio of 1.00 and a current ratio of 1.56. The stock has a market cap of C$54.40 billion, a PE ratio of 13.72, a P/E/G ratio of 0.09 and a beta of 2.78. The firm's 50 day moving average price is C$26.28 and its two-hundred day moving average price is C$24.49.

Cenovus Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.56 dividend on an annualized basis and a yield of 1.93%. Cenovus Energy's payout ratio is currently 26.42%.

Analyst Ratings Changes

CVE has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price target on Cenovus Energy from C$28.00 to C$32.00 in a research report on Tuesday, April 9th. Scotiabank cut their price objective on Cenovus Energy from C$31.00 to C$28.00 and set an "outperform" rating for the company in a report on Tuesday, January 16th. JPMorgan Chase & Co. cut their price objective on Cenovus Energy from C$35.00 to C$34.00 in a report on Thursday, January 11th. Desjardins upped their price objective on Cenovus Energy from C$29.50 to C$31.50 and gave the company a "buy" rating in a report on Tuesday. Finally, BMO Capital Markets upped their price objective on Cenovus Energy from C$29.00 to C$33.00 in a report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Cenovus Energy has an average rating of "Moderate Buy" and a consensus target price of C$33.35.

Insider Activity

In other Cenovus Energy news, Senior Officer Jonathan Michael Mckenzie purchased 50,000 shares of the company's stock in a transaction that occurred on Friday, February 16th. The shares were purchased at an average cost of C$23.49 per share, with a total value of C$1,174,500.00. In related news, Senior Officer Andrew Dahlin sold 25,000 shares of the company's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$25.99, for a total transaction of C$649,657.50. Also, Senior Officer Jonathan Michael Mckenzie bought 50,000 shares of the company's stock in a transaction on Friday, February 16th. The stock was purchased at an average cost of C$23.49 per share, for a total transaction of C$1,174,500.00. Insiders sold a total of 87,000 shares of company stock valued at $2,414,507 over the last three months. Insiders own 31.50% 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.