Cenovus Energy (TSE:CVE) (NYSE:CVE) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Cenovus Energy to post earnings of C$0.21 per share for the quarter.
TSE CVE opened at C$11.36 on Tuesday. Cenovus Energy has a fifty-two week low of C$8.74 and a fifty-two week high of C$14.31. The stock has a market cap of $14.11 billion and a price-to-earnings ratio of 46.94. The business has a fifty day moving average of C$12.02 and a 200-day moving average of C$11.90. The company has a quick ratio of 0.53, a current ratio of 1.02 and a debt-to-equity ratio of 45.66.
A number of research firms have recently weighed in on CVE. BMO Capital Markets boosted their price target on Cenovus Energy from C$15.00 to C$16.00 in a report on Friday, July 26th. CIBC cut their price target on Cenovus Energy from C$16.50 to C$16.00 in a report on Tuesday, October 15th. CSFB cut their price target on Cenovus Energy from C$17.00 to C$16.00 in a report on Thursday, August 29th. Citigroup boosted their price target on Cenovus Energy from C$13.00 to C$15.00 in a report on Tuesday, October 8th. Finally, AltaCorp Capital raised Cenovus Energy from a “sector perform” rating to an “outperform” rating in a report on Sunday, October 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of C$14.93.
In other Cenovus Energy news, Senior Officer Keith Chiasson acquired 10,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was acquired at an average price of C$11.73 per share, with a total value of C$117,303.00. Following the completion of the transaction, the insider now directly owns 26,850 shares in the company, valued at C$314,958.56.
About Cenovus Energy
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 in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development, such as Telephone Lake.
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