Cenovus Energy (CVE) to Release Earnings on Thursday

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE will likely be issuing its Q4 2024 quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $11.08 billion for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last posted its quarterly earnings data on Thursday, February 20th. The oil and gas company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.27). The business had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $11.08 billion. Cenovus Energy had a net margin of 6.72% and a return on equity of 12.88%. On average, analysts expect Cenovus Energy to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cenovus Energy Stock Performance

CVE stock traded down $0.69 on Friday, reaching $14.61. 13,405,106 shares of the company were exchanged, compared to its average volume of 10,781,016. The firm has a market capitalization of $26.64 billion, a PE ratio of 10.07 and a beta of 1.99. Cenovus Energy has a 12 month low of $13.76 and a 12 month high of $21.90. The stock's fifty day moving average price is $14.99 and its 200 day moving average price is $16.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 0.95.

Cenovus Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.1269 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.51 annualized dividend and a yield of 3.47%. Cenovus Energy's dividend payout ratio is 34.48%.

Wall Street Analyst Weigh In

CVE has been the subject of several research reports. StockNews.com cut shares of Cenovus Energy from a "buy" rating to a "hold" rating in a research note on Saturday, December 28th. National Bank Financial cut Cenovus Energy from an "outperform" rating to a "sector perform" rating in a report on Friday. BMO Capital Markets decreased their price objective on Cenovus Energy from $31.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Finally, Royal Bank of Canada lowered their price objective on Cenovus Energy from $26.00 to $25.00 and set an "outperform" rating on the stock in a research report on Friday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $29.25.

About Cenovus Energy

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.