Cenovus Energy (NYSE:CVE – Get Free Report) (TSE:CVE) issued its quarterly earnings results on Thursday. The oil and gas company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.27), Zacks reports. Cenovus Energy had a return on equity of 12.88% and a net margin of 6.72%.
Cenovus Energy Trading Down 4.0 %
NYSE CVE traded down $0.63 during trading on Thursday, reaching $15.01. 6,686,979 shares of the stock traded hands, compared to its average volume of 10,518,489. The firm has a market cap of $27.37 billion, a price-to-earnings ratio of 10.36 and a beta of 1.99. The stock’s 50-day moving average price is $15.00 and its 200 day moving average price is $16.33. The company has a quick ratio of 0.95, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. Cenovus Energy has a fifty-two week low of $13.76 and a fifty-two week high of $21.90.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. BMO Capital Markets lowered their price target on shares of Cenovus Energy from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Royal Bank of Canada restated an “outperform” rating and set a $28.00 price objective on shares of Cenovus Energy in a report on Monday, January 6th. Finally, StockNews.com cut shares of Cenovus Energy from a “buy” rating to a “hold” rating in a report on Saturday, December 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.
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.
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