The operator has been working to rebuild its balance sheet by selling off other assets, including the recent sale of its Pelican Lake and Suffield properties. These ratios are important while doing valuation of the company or the shares of the company. Allegis Investment Advisors LLC lifted its holdings in Cenovus Energy by 16.9% during the 2nd quarter. Finally, First Commonwealth Financial Corp PA acquired a new stake in Cenovus Energy during the 2nd quarter worth approximately $114,000.
Covering sell-side analysts have recently weighed in on shares of Cenovus Energy Inc. Burgundy Asset Management Ltd. now owns 25,289,102 shares of the oil and gas company's stock valued at $186,301,000 after acquiring an additional 8,322,165 shares in the last quarter. RBC Capital Markets maintained Cenovus Energy Inc (USA) (NYSE:CVE) on Thursday, April 28 with "Outperform" rating. The stock has a market capitalization of $12.33 billion, a PE ratio of 4.096 and a beta of 0.60. The share price has moved backward from its 20 days moving average, trading at a distance of -1.28% and stays 11.29% away from its 50 days moving average.
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Cenovus Energy (NYSE:CVE) (TSE:CVE) last announced its quarterly earnings data on Thursday, July 27th. After having $0.27 EPS previously, Cenovus Energy Inc (USA)'s analysts see -81.48 % EPS growth. The business had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.40 billion. Cenovus Energy had a net margin of 17.89% and a return on equity of 3.20%. The analysts estimated EPS for the higher end at 0.25 and lower end at -0.06 while the year ago reported earnings per share was -0.02. In contrast to the year ago quarter EPS was at 0.03.
Cenovus said it would use the cash proceeds from the sale, which is expected to close in the fourth quarter, to pay down a bridge loan. The ex-dividend date of this dividend was Thursday, September 14th. Cenovus Energy's ongoing objective is to advance technologies that reduce the amount of water, steam, natural gas and electricity used in their operations and to decrease surface land disturbance. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of US & worldwide copyright and trademark legislation.
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More notable recent Cenovus Energy Inc (USA) (NYSE:CVE) news were published by: Fool.ca which released: "Should You Buy Suncor Energy Inc. or Cenovus Energy Inc".
Several equities analysts have commented on the stock. Analysts set a 12-month price target of $127.47 a share. Goldman Sachs downgraded Cenovus Energy Inc (USA) (NYSE:CVE) on Monday, January 23 to "Sell" rating. Finally, Zacks Investment Research raised shares of Cenovus Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, July 18th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Its last month's stock price volatility remained 2.1% which for the week stands at 2.71%.
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