Somewhat Positive Media Coverage Somewhat Unlikely to Impact Cenovus Energy (CVE) Stock Price
News stories about Cenovus Energy (NYSE:CVE) (TSE:CVE) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cenovus Energy earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 47.3584222201755 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Ltd. Continues to Hold Position in Cenovus Energy Inc (CVE) (leisuretravelaid.com)
- What’s Propelling Cenovus Energy Incorporated (NYSE:CVE) After Higher Shorts Reported? (fishinghd.com)
- Financial Review of Cenovus Energy Inc (NYSE:CVE) (footballhebdo.com)
- KCG Holdings Inc. Sells 29802 Shares of Cenovus Energy Inc (CVE) (newstrendstoday.com)
- Favorable Press Coverage Very Unlikely to Affect Cenovus Energy (CVE) Stock Price (ismboard.com)
Cenovus Energy (NYSE:CVE) opened at 7.98 on Friday. 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 $9.81 billion, a PE ratio of 3.36 and a beta of 0.57. The company has a 50-day moving average price of $7.62 and a 200 day moving average price of $10.29.
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, 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 previous year, the company earned ($0.05) EPS. On average, equities research analysts forecast that Cenovus Energy will post $0.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.039 dividend. This is a positive change from Cenovus Energy’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.16 dividend on an annualized basis and a yield of 1.95%. Cenovus Energy’s payout ratio is presently 8.33%.
CVE has been the topic of a number of analyst reports. Canaccord Genuity reaffirmed a “hold” rating and set a $16.50 target price on shares of Cenovus Energy in a research note on Wednesday, April 26th. Zacks Investment Research cut Cenovus Energy from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Credit Suisse Group reaffirmed an “outperform” rating on shares of Cenovus Energy in a research note on Friday, May 26th. ValuEngine cut Cenovus Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised Cenovus Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Cenovus Energy has a consensus rating of “Hold” and an average price target of $17.34.
Cenovus Energy Company Profile
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