Cenovus Energy (CVE) Earning Somewhat Positive Press Coverage, Study Finds
News stories about Cenovus Energy (NYSE:CVE) (TSE:CVE) have been trending somewhat positive on Wednesday, according to Accern. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cenovus Energy earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 46.9322334358633 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- ENI S.p.A. (E) vs. Cenovus Energy (CVE) Head-To-Head Review (americanbankingnews.com)
- Investors Alert on Cenovus Energy Inc. (CVE) – Wall Street Morning (wallstreetmorning.com)
- Cenovus Energy Inc. (CVE) Stocks with Considerable Review- Fiserv, Inc. (FISV) – Investing News Update (investingbizz.com)
- Grossly Undervalued and Set to Soar: Cenovus Energy Inc. and Baytex Energy Corp. – The Motley Fool Canada (fool.ca)
- Analysts Speculate on Cenovus Energy Inc (CVE) – ExpertGazette (expertgazette.com)
Several research firms have issued reports on CVE. UBS AG lowered Cenovus Energy from a “market perform” rating to an “underperform” rating in a research note on Wednesday, July 5th. Canaccord Genuity restated a “buy” rating and issued a $14.50 price objective on shares of Cenovus Energy in a research note on Monday, September 25th. BidaskClub upgraded Cenovus Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded Cenovus Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, Barclays PLC restated an “overweight” rating and issued a $22.00 price objective (up previously from $15.00) on shares of Cenovus Energy in a research note on Wednesday, July 12th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.11.
Cenovus Energy (CVE) opened at 9.61 on Wednesday. The stock’s 50 day moving average price is $8.96 and its 200-day moving average price is $8.91. Cenovus Energy has a 52 week low of $6.76 and a 52 week high of $16.82. The company has a market cap of $11.81 billion, a price-to-earnings ratio of 3.92 and a beta of 0.59.
Cenovus Energy (NYSE:CVE) (TSE:CVE) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.03 by $0.24. Cenovus Energy had a return on equity of 3.20% and a net margin of 17.89%. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the prior year, the business earned ($0.05) earnings per share. On average, equities research analysts forecast that Cenovus Energy will post $0.48 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.039 dividend. This is an increase from Cenovus Energy’s previous quarterly dividend of $0.04. The ex-dividend date was Thursday, September 14th. This represents a $0.16 annualized dividend and a yield of 1.62%. Cenovus Energy’s dividend payout ratio is presently 8.89%.
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About Cenovus Energy
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