Economy

Cenovus Energy Inc (CVE) Analysts See $0.06 EPS

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.



Like this

Latest


19 October 2017
Revanth Reddy Strong Allegations on Paritala, Yanamala
"'The allegations levelled by Revanth Reddy are baseless, and no AP Minister has any links with KCR", Chinarajappa said. If all pans out well, Revanth is expected to join Telangana Congress and likely to take a key post in the Congress.

19 October 2017
Candriam Luxembourg SCA Cuts Holdings in Amazon.com, Inc
The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($1.00). Following the transaction, the insider now owns 1,748 shares of the company's stock, valued at approximately $1,728,597.20.

19 October 2017
Mayors say many families would be hurt by GOP plan
The problem with this is that it would leave all the damaging compliance costs of the current system in place. That's because policymakers are caving to big-government advocates and other special interests.

19 October 2017
Brexit must not be used to turn United Kingdom into tax haven - Corbyn
She said the government was developing a "streamlined" digital system to process requests for those wanting to remain, and that "we will keep the cost as low as possible".

19 October 2017
Toyota declares aluminium from scandal hit Kobe is safe
Kobe's property unit, Shinko Real Estate Co., had fixed assets of about $801 million, according to a March filing. Another Japanese automaker, Mitsubishi Motors, vouched for the safety of Kobe Steel aluminum on Wednesday.

19 October 2017
Earnings Expectations Are Very High For Paypal Holdings Inc (PYPL)
Following the transaction, the chief operating officer now directly owns 29,252 shares in the company, valued at $1,733,181. Archford Capital Strategies LLC increased its position in shares of PayPal Holdings by 65.4% during the first quarter.

19 October 2017
Senior Republican congressman will not seek re-election
Tiberi said in a statement that he would leave Congress to head the Ohio Business Roundtable, confirming The Times' report. Boehner, the former House speaker, and had considered challenging Senator Sherrod Brown, Democrat of OH , next year.

19 October 2017
Ulysses Management LLC Sells 4000 Shares of Adobe Systems Incorporated (NASDAQ:ADBE)
The stock has returned 18.70% since the starting of the year when viewing the starting price as compared to the ending price. In theory, there are an infinite number of simple moving averages, but the most common are three SMA20, SMA50, and SMA200.

19 October 2017
Aamir, Salman, KJO & Other Stars At Sanjay Dutt's Diwali Bash
Sanjay and Manyata Dutt welcomed the special guests and exchanged festival greetings at their sprawling Pali Hill residence. Wearing a Manish Malhotra sari , Shilpa Shetty arrived with her husband Raj Kundra at Sanjay Dutt's Diwali bash .

19 October 2017
'Roseanne' Revival Is in Production
It's ideal timing for ABC to release the image, since October 18 is the 29th anniversary of the premiere of the iconic sitcom Roseanne .



Recommended