Cenovus Energy (CVE) Getting Somewhat Favorable Media Coverage, Analysis Shows
News stories about Cenovus Energy (NYSE:CVE) (TSE:CVE) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cenovus Energy earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 48.1842813510437 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- GGP Inc. (GGP) has a value of $21.28 per share While Cenovus Energy Inc. (CVE) is stand at $8.12 – Stocks Gallery (stocksgallery.com)
- Weak growth prospects in the future For Cenovus Energy Inc. (CVE) – Street Observer (press release) (streetobserver.com)
- Cormark Comments on Cenovus Energy Inc’s FY2018 Earnings (CVE) (americanbankingnews.com)
- Cormark Analysts Decrease Earnings Estimates for Cenovus Energy Inc (CVE) (americanbankingnews.com)
- Cenovus Energy Inc (NYSE:CVE) Trading Volume Significantly Higher (vothemes.com)
CVE has been the subject of a number of research analyst reports. Credit Suisse Group reaffirmed an “outperform” rating on shares of Cenovus Energy in a research report on Friday, May 26th. Morgan Stanley cut Cenovus Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 19th. ValuEngine cut Cenovus Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $8.00 price objective on shares of Cenovus Energy in a research report on Thursday, June 22nd. Finally, Zacks Investment Research cut Cenovus Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $17.04.
Shares of Cenovus Energy (CVE) traded up 3.71% during trading on Tuesday, hitting $8.67. The stock had a trading volume of 3,861,119 shares. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of 3.69 and a beta of 0.56. Cenovus Energy has a 52 week low of $6.76 and a 52 week high of $16.82. The company’s 50 day moving average price is $7.92 and its 200 day moving average price is $9.33.
Cenovus Energy (NYSE:CVE) (TSE:CVE) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.24. Cenovus Energy had a net margin of 17.89% and a return on equity of 3.20%. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the previous year, the company earned ($0.05) EPS. Analysts predict that Cenovus Energy will post $0.42 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.039 per share. The ex-dividend date is Thursday, September 14th. This is a boost from Cenovus Energy’s previous quarterly dividend of $0.04. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.80%. Cenovus Energy’s payout ratio is currently 8.33%.
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Cenovus Energy Company Profile
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