Economy

Cenovus Energy Inc (CVE) Analysts See $0.06 EPS

CVE's profit would be $61.49 million giving it 48.95 P/E if the $0.05 EPS is correct. After $0.36 actual EPS reported by Cenovus Energy Inc for the previous quarter, Wall Street now forecasts -83.33 % negative EPS growth. The stock decreased 0.61% or $0.06 during the last trading session, reaching $9.79.

That deal doubled Cenovus' production assets, but dented its balance sheet, sent the company's shares tumbling, prompted some investors to revolt and led to the resignation of Chief Executive Brian Ferguson. The stock of Cenovus Energy Inc (USA) (NYSE:CVE) earned "Neutral" rating by Bank of America on Friday, August 19. It has underperformed by 16.70% the S&P500. Therefore 44% are positive. Zacks Investment Research lowered Cenovus Energy from a buy rating to a hold rating in a research report on Wednesday, July 26th. Royal Bank Of Canada reissued a "buy" rating and set a $15.00 target price on shares of Cenovus Energy in a research report on Monday. The stock of Cenovus Energy Inc (USA) (NYSE:CVE) earned "Overweight" rating by Morgan Stanley on Monday, June 13. The company now has an average rating of "Hold" and a consensus price target of $15.59. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company's stock. Credit Suisse reinitiated the stock with "Outperform" rating in Friday, May 26 report. As per Tuesday, June 28, the company rating was maintained by Desjardins Securities. Canaccord Genuity restated a buy rating and set a $14.50 price objective on shares of Cenovus Energy in a research report on Monday, September 25th. The company was upgraded on Tuesday, December 1 by Goldman Sachs. RBC Capital Markets maintained Cenovus Energy Inc (TSE:CVE) rating on Friday, December 11.

Cenovus Energy Inc is a Canada-based integrated oil company. Burgundy Asset Management Ltd. now owns 25,289,102 shares of the oil and gas company's stock valued at $186,301,000 after buying an additional 8,322,165 shares during the period.

Last month, Cenovus sold off its Pelican Lake heavy oil operations in Alberta for $975-million to Canadian Natural Resources Ltd and followed that up with a $512-million deal to sell its Suffield oil and gas assets to International Petroleum Corp. The Firm also conducts marketing activities and owns refining interests in the United States (U.S.). Is Severely Undervalued" published on October 06, 2017 as well as Fool.ca's news article titled: "Value Investors: Cenovus Energy Inc.



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