Cenovus Energy (TSE:CVE) (NYSE:CVE) will post its quarterly earnings results before the market opens on Thursday, February 15th. Analysts expect Cenovus Energy to post earnings of C$0.09 per share for the quarter.
Cenovus Energy (CVE) opened at C$10.45 on Thursday. The company has a market cap of $12,840.00, a price-to-earnings ratio of 3.65 and a beta of 0.29. Cenovus Energy has a one year low of C$8.89 and a one year high of C$18.85.
Several research analysts have commented on the stock. Eight Capital set a C$15.00 price objective on shares of Cenovus Energy and gave the stock a “neutral” rating in a research note on Thursday, January 11th. National Bank Financial lifted their price objective on shares of Cenovus Energy from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 9th. TD Securities lifted their price objective on shares of Cenovus Energy from C$13.50 to C$14.00 and gave the stock a “hold” rating in a research note on Friday, December 15th. Citigroup lifted their price objective on shares of Cenovus Energy from C$10.00 to C$13.00 in a research note on Monday, December 11th. Finally, Scotiabank lowered shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating and set a C$14.00 price objective for the company. in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Cenovus Energy currently has an average rating of “Hold” and an average target price of C$15.40.
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About Cenovus Energy
Cenovus Energy Inc is a Canada-based integrated oil company. It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids (NGLs) and natural gas in Canada. The Company also conducts marketing activities and owns refining interests in the United States (U.S.). Its segments include: Oil Sands, which includes the development and production of bitumen and natural gas in northeast Alberta; Conventional, which includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake, the carbon dioxide (CO2) enhanced oil recovery (EOR) project at Weyburn and emerging tight oil opportunities; Refining and Marketing, which includes transporting and selling crude oil and natural gas and joint ownership of refineries in the U.S., as well as Corporate and Eliminations.
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