Analysts See $0.05 EPS for Cenovus Energy Inc (USA) (CVE)

Analysts See $0.05 EPS for Cenovus Energy Inc (USA) (CVE)

Andrew Cummings
October 20, 2017

The analysts estimated mean EPS at -0 while the high and low EPS estimate stand at 0.07 and -0.05 respectively. During the same period in the prior year, the company posted ($0.05) earnings per share. The company is scheduled to announce its next quarterly earnings results before the market opens on Thursday, November 2nd.

Cenovus Energy Inc. has a consensus outperform rating from 25 Wall Street analysts, and the number of shares now sold short amount to at least 3.72% of shares outstanding. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.03 by $0.24.

Cenovus Energy Inc (CVE) now the company's industry has 12.51 P/E and the sector P/E is 16.86.

Previously Cenovus Energy Inc (NYSE:CVE) reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.26.

In the market the company is trading up from yesterday's close of 9.79. Cenovus Energy had a net margin of 17.89% and a return on equity of 3.20%. During the same period previous year, the company posted ($0.05) EPS. Royal Bank Of Canada reissued a "buy" rating and issued a $15.00 price target on shares of Cenovus Energy in a research note on Monday. The stock of Cenovus Energy Inc (USA) (NYSE:CVE) earned "Overweight" rating by Morgan Stanley on Monday, June 13. Goldman Sachs upgraded Cenovus Energy Inc (TSE:CVE) rating on Tuesday, December 1. Goldman Sachs Group, Inc. Raymond James initiated the shares of FCR in report on Wednesday, October 14 with "Outperform" rating. In this case performance of tends to percentage rate of return for a stock for a given time frame. Neuberger Berman Group LLC lifted its holdings in Cenovus Energy by 7.4% during the 1st quarter.

Other institutional investors have also recently bought and sold shares of the company. Allegis Investment Advisors LLC lifted its holdings in Cenovus Energy by 16.9% during the 2nd quarter. FNY Partners Fund LP acquired a new position in shares of Cenovus Energy in the 1st quarter worth approximately $113,000. Share performance for the month is now at -12.05%. Finally, First Commonwealth Financial Corp PA acquired a new stake in Cenovus Energy during the 2nd quarter worth approximately $114,000. Short shares decreased 1,903,247 over that period.

Shares of Cenovus Energy (CVE) traded up 2.503% during mid-day trading on Thursday, reaching $10.035.

The company's P/E ratio is 4.09 and the market value is 12.30B. The stock hit its 52-week high on 12/12/16, and 52-week low on 06/23/17. The company has a 50-day moving average of $8.96 and a 200 day moving average of $8.91.

"The debate is how much (the Cenovus deal) truly diversifies risk as acquiring E&P assets implies taking on additional commodity risk, while worldwide projects incur increased country risk", Barclays said. Is Severely Undervalued" with publication date: "October 06, 2017. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

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