Cenovus Energy Inc (CVE) Expected to Post Quarterly Sales of $3.72 Billion
16 April, 2018, 15:37 | Author: Regina Silva
In 2017Q4 Securities and Exchange filling is reported Nexus Investment Management Inc's stake in Cenovus Energy Inc (CVE) which was upped by 131.72%. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Cenovus Energy by 0.4% in the fourth quarter. The firm is expected to issue its next earnings results before the market opens on Wednesday, April 25th. After $-0.35 EPS was published last quarter, analysts now see EPS growth of -88.57 % for Cenovus Energy Inc. Last year's EPS was $-0.04, while now analysts expect change of 0.00 % from current $-0.04 EPS. Zacks' sales averages are a mean average based on a survey of sell-side analysts that follow Cenovus Energy.
Cenovus Energy (NYSE:CVE) (TSE:CVE) last issued its quarterly earnings data on Thursday, February 15th. The institutional investor held 6,863 shares of the oil & gas production company at the end of 2017Q4, valued at $63,000, down from 41,020 at the end of the previous reported quarter. Cenovus Energy had a negative return on equity of 16.53% and a negative net margin of 15.99%. During the same quarter in the previous year, the firm posted $0.39 EPS.
A number of analysts recently issued reports on the stock.
In other Cenovus Energy news, insider Keith Chiasson purchased 2,635 shares of the stock in a transaction dated Monday, March 5th. On Thursday, April 5 the stock of Cenovus Energy Inc. (NYSE:CVE) has "Neutral" rating given on Thursday, June 22 by Goldman Sachs. Desjardins reaffirmed a "hold" rating on shares of Cenovus Energy in a research report on Friday, January 12th.
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Among 32 analysts covering Wayfair LLC (NYSE:W), 15 have Buy rating, 2 Sell and 15 Hold. The average twelve-month target price among brokerages that have updated their coverage on the stock in the past year is $15.10. The firm has a market cap of $11,181.99, a price-to-earnings ratio of -468.00, a P/E/G ratio of 12.49 and a beta of 0.71.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Thursday, March 15th were paid a $0.0398 dividend. The company was downgraded on Wednesday, March 23 by Capital One. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.20%. On average, analysts predict that Cenovus Energy will post $0.22 earnings per share for the current fiscal year. Cenovus Energy's payout ratio is now 6.99%. Goodwin Daniel L stated it has 4,000 shares or 0.15% of all its holdings. The fund acquired 225,801 shares of the oil and gas company's stock, valued at approximately $2,066,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Cenovus Energy by 35.7% during the fourth quarter. WFG Advisors LP now owns 1,017 shares of the company's stock worth $180,000 after buying an additional 512 shares during the last quarter. Citigroup lifted their target price on Cenovus Energy from C$10.00 to C$13.00 in a research note on Monday, December 11th. Lincluden Management Ltd bought 851,985 shares as the company's stock declined 6.72% with the market. Finally, UBS began coverage on Cenovus Energy in a research report on Wednesday, March 7th. Schroder Investment Management Group now owns 5,929,784 shares of the oil and gas company's stock worth $67,083,000 after purchasing an additional 2,720,795 shares in the last quarter. Cenovus Energy Inc. (NYSE:CVE) has declined 35.61% since April 15, 2017 and is downtrending.
COPYRIGHT VIOLATION WARNING: "Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Cenovus Energy (CVE) Share Price" was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. The legal version of this piece of content can be read at https://weekherald.com/2018/04/15/cenovus-energy-inc-cve-given-consensus-recommendation-of-hold-by-brokerages.html. Lincluden Management Ltd who had been investing in Cenovus Energy Inc. for a number of months, seems to be bullish on the $12.11 billion market cap company. The Company also conducts marketing activities and owns refining interests in the United States (U.S.).
Renaissance Techs Ltd Limited Liability Company reported 1.19 million shares. (NASDAQ:PRTS) to report earnings on May, 9. Following the sale, the insider now directly owns 23,149 shares in the company, valued at approximately $2,103,086.65.
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