Equities research analysts expect Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) to post earnings of ($0.16) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Cenovus Energy’s earnings. The lowest EPS estimate is ($0.39) and the highest is $0.11. Cenovus Energy posted earnings of ($0.35) per share in the same quarter last year, which suggests a positive year over year growth rate of 54.3%. The firm is expected to announce its next earnings results before the market opens on Wednesday, February 13th.

According to Zacks, analysts expect that Cenovus Energy will report full-year earnings of ($0.88) per share for the current fiscal year, with EPS estimates ranging from ($1.05) to ($0.68). For the next financial year, analysts anticipate that the company will report earnings of $0.44 per share, with EPS estimates ranging from ($0.04) to $1.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Cenovus Energy.

CVE has been the subject of a number of research reports. Zacks Investment Research reissued a “buy” rating and set a $9.25 price objective on shares of Cenovus Energy in a research report on Tuesday, November 13th. ValuEngine raised Cenovus Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. AltaCorp Capital cut Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 7th. Raymond James reissued a “hold” rating on shares of Cenovus Energy in a research report on Thursday, November 1st. Finally, Canaccord Genuity set a $13.00 price objective on Cenovus Energy and gave the company a “hold” rating in a research report on Tuesday, November 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. Cenovus Energy currently has an average rating of “Hold” and a consensus target price of $12.54.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FIL Ltd raised its holdings in Cenovus Energy by 2.3% during the third quarter. FIL Ltd now owns 49,490,561 shares of the oil and gas company’s stock valued at $496,954,000 after buying an additional 1,113,738 shares in the last quarter. Letko Brosseau & Associates Inc. raised its holdings in Cenovus Energy by 3.6% during the fourth quarter. Letko Brosseau & Associates Inc. now owns 41,302,859 shares of the oil and gas company’s stock valued at $290,311,000 after buying an additional 1,440,030 shares in the last quarter. Capital International Investors bought a new position in Cenovus Energy during the third quarter valued at about $291,904,000. Vanguard Group Inc raised its holdings in Cenovus Energy by 2.6% during the third quarter. Vanguard Group Inc now owns 28,111,158 shares of the oil and gas company’s stock valued at $281,955,000 after buying an additional 711,769 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Cenovus Energy by 2.6% during the third quarter. Vanguard Group Inc. now owns 28,111,158 shares of the oil and gas company’s stock valued at $281,955,000 after buying an additional 711,769 shares in the last quarter. Institutional investors own 74.94% of the company’s stock.

Shares of Cenovus Energy stock traded up $0.08 during midday trading on Wednesday, hitting $7.57. The company’s stock had a trading volume of 349,256 shares, compared to its average volume of 3,974,710. The stock has a market cap of $8.90 billion, a PE ratio of -378.75, a price-to-earnings-growth ratio of 2.84 and a beta of 0.72. The company has a quick ratio of 0.91, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. Cenovus Energy has a 1-year low of $6.15 and a 1-year high of $11.47.

Cenovus Energy Company Profile

Cenovus Energy, Inc engages in gas and oil provisions. Its activities include development, production, and marketing of crude oil, natural gas liquids, and natural gas in Canada. It operates through four segments: Oil Sands, Deep Basin, Refining & Marketing, and Corporate & Eliminations. The Oil sands segment includes the development and production of bitumen and natural gas in northeast Alberta including Foster Creek, Christina Lake and Narrows Lake as well as projects in the early stages of development, such as Grand Rapids and Telephone Lake.

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