Cenovus Energy Inc. (CVE) is expected to earn FY2019 a profit of $ 0.77 per share


Cenovus Energy Inc. (NYSE: CVE) (TSE: CVE) – Investors of equity securities at National Bank Financial have reported in a report published on Wednesday, October 31, that Zacks Investments Research has reduced its revenue estimates for Cenovus Energy in February 2019. National Bank financial analyst T. Wood now expects the oil and gas company to publish a net profit per share of $ 0.77 per year, compared with the previous forecast of 0.78 euros.

Other analysts have recently published research reports on the stock. On Tuesday, October 30, Scotiabank increased Cenovus Energy's shares from the credit rating "Sector". TD Securities raised the shares of Cenovus Energy from the "hold" rating to a "buy" rating in a research note on Monday, October 22. Zacks Investment Research reaffirmed the "buy" rating and set a target price of $ 9.25 for Cenovus Energy shares in a research report on Tuesday, November 13th. TheStreet lowered Cenovus Energy shares from rating "c-" to "d +" in a research report on Tuesday, October 2. Finally, Raymond James reaffirmed the "Hold" rating for Cenovus Energy shares in a research report on Thursday, November 1st. One analyst rated the stock rating, nine rated it, and seven gave the company a rating for the purchase. Cenovus Energy currently has an average rating of "Hold" and an average price of $ 13.06.

NYSE CVE shares opened on Friday at 8.11 euros. The company has a fast ratio of 0.91, the current ratio is 1.26 and the ratio between debt and equity is 0.47. In stock, the market capitalization is USD 9.99 billion, the ratio between price and salary is -405.50 and beta 0.76. Cenovus Energy has a 1 year lower value of $ 7.09 and a 1-year high of 11.47 euros.

The company recently announced a quarterly dividend to be paid on Monday, December 31. On Friday, December 14, shareholders will have a dividend record of $ 0.0382 per share. The date of dividend payment is on Thursday, December 13th. This is a positive change from Cenovus Energy's previous quarter dividend of EUR 0.04. This represents a dividend of USD 0.15 per annum and a return on dividends of 1.88%. The Cenovus Energy (DPR) dividend payout ratio is -750.00%.

Big investors have recently changed their shares in the company. Blume Capital Management Inc. in the third quarter increased its position in the shares of Cenovus Energy by 375.5%. Blume Capital Management Inc. now owns 10,181 shares of the oil and gas company in the amount of US $ 102,000 after acquiring an additional 8,040 shares during this period. In the second quarter, V Wealth Management LLC acquired a new city in Cenovus Energy, worth about $ 132,000. In the second quarter, Cornerstone Wealth Management LLC purchased a new position in Cenovus Energy worth about $ 1,398,000. Dodatek Capital Inc. acquired a new position in Cenovus Energy in the second quarter of approximately 182,000 dollars. Finally, Cubist Systematic Strategies LLC acquired a new position in Cenovus Energy in the second quarter, amounting to approximately US $ 223,000. 74.32% of inventories are currently owned by institutional investors and hedge funds.

About Cenovus Energy

Cenovus Energy Inc, together with its subsidiaries, develops, manufactures and markets oil, natural gas and natural gas in Canada and the United States. The Oil Sands segment develops and manufactures bitumen and natural gas in the northeast of Alberta. Funds from this segment include Foster Creek, Christina Lake and Narrows Lake, as well as projects in the early stages of development, such as Telephone Lake.

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Earnings history and estimates for Cenovus Energy (NYSE: CVE)

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