Earnings Analysis Of Cenovus Energy Inc. (CVE)

When we look at the Volatility of the company, Week Volatility is at 3.47% whereas Month Volatility is at 3.16%. The company reported the earnings of $0.19/Share in the last quarter where the estimated EPS by analysts was $0.12/share. The difference between the expected and actual EPS was $0.07/share, which represents an Earnings surprise of 58.3%. These analysts have also projected a Low Estimate of $0.01/share and a High Estimate of $0.22/share. CIBC raised their target price on Cenovus Energy from C$12.50 to C$14.50 in a research report on Monday, October 2nd. Cenovus Energy now has a consensus rating of "Hold" and an average price target of C$15.40. According to these analysts, the Low Revenue Estimate for Cenovus Energy 4.09 Billion and the High Revenue Estimate is 4.1 Billion. The stock traded on impressive volume of 3.94 Million comparing to the average volume of 1731.47 shares, completing picture of exact trends with uncompleted dots in volume over the norm. Scotiabank lowered Cenovus Energy from an outperform rating to a sector perform rating and set a C$14.00 price target on the a research note on Wednesday, November 15th.

Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend. The return on assets ratio shows how well management is employing the company's total assets to make a profit.

Return on Investment measures the amount of return on an investment relative to the investment's cost.

TS average true range may be heating up this temperature with value of 0.54. (CVE) is 0.2 percent. Also this means that RSI values turn into more accurate as the calculation period extends. An increasing ROE indicates that a company is improving its ability to make profit without requiring as much capital. The Return on Equity ratio of Cenovus Energy Inc. The stock now has an average rating of Hold and a consensus target price of C$15.40. The firm is having analyst recommendation of 2.60 on scale of 1 to 5.

Cenovus Energy Inc. was covered by a number of analysts recently, 2 rated the stock as Buy, 10 rated Hold, 0 rated sell and 2 gave an Underperform. The stock price of TS is moving up from its 20 days moving average with 3.96% and isolated positively from 50 days moving average with 9.25%.

The movement of stock as RSI reading reached at 66.90 because on this mostly stock considered as overbought or oversold. Cenovus Energy earned a media sentiment score of 0.08 on Accern's scale.

While looking at the Stock's Performance, Cenovus Energy Inc. now shows a Weekly Performance of 1.55%, where Monthly Performance is 10.81%, Quarterly performance is 8.84%, 6 Months performance is 44.67% and yearly performance percentage is -29.23%. Year to Date performance value (YTD perf) value is 14.57%.

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