Cenovus Energy Inc (CVE) Announces Earnings Results, Beats Expectations By $0.23 EPS
Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) released its earnings results on Thursday. The oil and gas company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.23, Briefing.com reports. Cenovus Energy had a net margin of 17.89% and a return on equity of 3.20%. During the same period in the previous year, the firm posted ($0.28) earnings per share.
A number of equities analysts have issued reports on the stock. Morgan Stanley set a $15.00 price target on shares of Cenovus Energy and gave the stock a “buy” rating in a research report on Friday, October 13th. Canaccord Genuity reissued a “buy” rating and set a $14.00 price target on shares of Cenovus Energy in a research report on Tuesday, September 5th. Zacks Investment Research lowered shares of Cenovus Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Barclays PLC reissued an “overweight” rating and set a $22.00 price target (up from $15.00) on shares of Cenovus Energy in a research report on Wednesday, July 12th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $15.00 target price on shares of Cenovus Energy in a report on Monday, October 16th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $16.06.
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Cenovus Energy Company Profile
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