After $-0.35 EPS report last quarter, Wall Street now forecasts -88.57 % EPS growth of Cenovus Energy Inc. Two analysts have made estimates for Cenovus Energy's earnings. The highest sales estimate is $3.76 billion and the lowest is $3.67 billion. Therefore 47% are positive. (TSE:CVE) is expected On April, 25., according to RTT. 0 are bullish. 2 are the (NYSE:CVE)'s analyst reports since March 7, 2018 according to StockzIntelligence Inc. Analysts expect change of 40.00 % or $0.02 from previous year's $-0.05 EPS compared to current's $-0.07 EPS. Cenovus Energy Inc. (NYSE:CVE) has declined 35.61% since April 15, 2017 and is downtrending. Huntington Fincl Bank invested in 0% or 1,118 shares. Cenovus Energy had a return on equity of 0.53% and a net margin of 18.92%.
Investors sentiment decreased to 0.87 in 2017 Q4.
A number of research analysts recently issued reports on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The firm has "Neutral" rating given on Thursday, June 23 by JP Morgan. Finally, AltaCorp Capital upgraded Cenovus Energy from a sector perform rating to an outperform rating in a research report on Friday, February 16th. On Thursday, April 5 the rating was maintained by Bank of America with "Neutral". Jefferies maintained it with "Hold" rating and $140 target in Friday, June 16 report.
Cenovus Energy Inc (NYSE:CVE) opened at 13.73 on Wednesday. TD Securities restated a "hold" rating and set a $21.00 price objective on shares of Cenovus Energy in a report on Saturday, December 10th. The firm earned "Outperform" rating on Friday, December 11 by RBC Capital Markets.More news: United Nations chief warns of full-blown military escalation in Syria
Lincluden Management Ltd increased its stake in Cenovus Energy Inc. The company has a current ratio of 1.13, a quick ratio of 0.82 and a debt-to-equity ratio of 0.48.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were issued a $0.0398 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.70%. The positive are 0. Cenovus Energy's dividend payout ratio (DPR) is presently -800.00%. Nexus Investment Management Inc. grew its position in shares of Cenovus Energy by 131.7% during the 4th quarter. Letko Brosseau And Associate Incorporated has invested 0% in Apache Corporation (NYSE:APA). The institutional investor held 71,687 shares of the home furnishings company at the end of 2017Q4, valued at $1.58 million, down from 144,588 at the end of the previous reported quarter.
Analysts await Cenovus Energy Inc. Lincluden Management Ltd bought 851,985 shares as the company's stock declined 6.72% with the market. Light Street Cap Mgmt Ltd Limited Liability Company invested 8.46% of its portfolio in Wayfair Inc. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & global trademark and copyright laws.
In other news, insider Keith Chiasson purchased 2,635 shares of Cenovus Energy stock in a transaction dated Monday, March 5th. Credit Capital Investments Llc who had been investing in Cenovus Energy Inc for a number of months, seems to be bullish on the $12.11B market cap company. The Company also conducts marketing activities and owns refining interests in the United States (U.S.). The Company's Oil Sands segment develops and produces bitumen and natural gas in northeast Alberta.The P/E ratio is 4.17.