Cenovus Energy (CVE) Earning Somewhat Favorable Press Coverage, Study Shows
News headlines about Cenovus Energy (NYSE:CVE) (TSE:CVE) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cenovus Energy earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 45.5808976613521 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Cenovus Energy, Inc. breached its 50 day moving average in a Bullish Manner : CVE-US : September 1, 2017 (finance.yahoo.com)
- Canadian Natural nears deal for Cenovus’s Pelican Lake asset -Bloomberg (feeds.reuters.com)
- Should You Buy Cenovus Energy Inc. Today? (fool.ca)
- Cenovus Energy Inc (CVE) Short Interest Down 11.1% in August (americanbankingnews.com)
Shares of Cenovus Energy (CVE) traded up 2.56% during mid-day trading on Friday, hitting $8.02. 3,559,722 shares of the stock traded hands. Cenovus Energy has a 52 week low of $6.76 and a 52 week high of $16.82. The company has a market cap of $9.85 billion, a price-to-earnings ratio of 3.42 and a beta of 0.57. The stock has a 50-day moving average of $7.79 and a 200-day moving average of $9.59.
Cenovus Energy (NYSE:CVE) (TSE:CVE) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.24. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.40 billion. Cenovus Energy had a net margin of 17.89% and a return on equity of 3.20%. During the same quarter in the prior year, the business earned ($0.05) EPS. Analysts anticipate that Cenovus Energy will post $0.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.039 dividend. This represents a $0.16 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from Cenovus Energy’s previous quarterly dividend of $0.04. Cenovus Energy’s dividend payout ratio is currently 8.33%.
Several research firms have commented on CVE. UBS AG cut shares of Cenovus Energy from a “market perform” rating to an “underperform” rating in a research note on Wednesday, July 5th. BidaskClub cut shares of Cenovus Energy from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research raised shares of Cenovus Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Barclays PLC reaffirmed an “overweight” rating and issued a $22.00 target price (up from $15.00) on shares of Cenovus Energy in a research note on Wednesday, July 12th. Finally, ValuEngine raised shares of Cenovus Energy from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $17.39.
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Cenovus Energy Company Profile
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