Cenovus Energy (CVE) Receiving Somewhat Positive News Coverage, Analysis Shows
News headlines about Cenovus Energy (NYSE:CVE) (TSE:CVE) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cenovus Energy earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 45.029122489986 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s analysis:
- Cenovus Energy (CVE) Downgraded by Goldman Sachs Group (americanbankingnews.com)
- Cenovus Energy: Falls as Goldman Sachs downgrades to sell; cuts PT (boereport.com)
- Brokerages Anticipate Cenovus Energy Inc (CVE) to Post $0.14 EPS (americanbankingnews.com)
- MARKET ANALYSIS: TSX Declines For Fifth Straight Day (morningstar.co.uk)
- Cenovus: The Market Undervalues The Company (seekingalpha.com)
A number of research analysts recently weighed in on CVE shares. ValuEngine raised shares of Cenovus Energy from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Tudor Pickering lowered shares of Cenovus Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Morgan Stanley raised their target price on shares of Cenovus Energy from $13.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, May 23rd. BMO Capital Markets raised shares of Cenovus Energy from a “market perform” rating to an “outperform” rating and raised their target price for the company from $15.00 to $17.00 in a report on Thursday, May 17th. Finally, Goldman Sachs Group lowered shares of Cenovus Energy from a “neutral” rating to a “sell” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.08.
Cenovus Energy (NYSE:CVE) (TSE:CVE) last posted its quarterly earnings data on Thursday, July 26th. The oil and gas company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.21). The firm had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Cenovus Energy had a negative return on equity of 6.66% and a negative net margin of 2.56%. During the same period in the previous year, the firm earned $0.36 earnings per share. analysts predict that Cenovus Energy will post -0.36 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a dividend of $0.038 per share. This represents a $0.15 annualized dividend and a yield of 1.71%. The ex-dividend date is Thursday, September 13th. Cenovus Energy’s payout ratio is -750.00%.
Cenovus Energy Company Profile
Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company's Oil Sands segment develops and produces bitumen and natural gas in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as projects in the early stages of development, such as Telephone Lake.
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