News coverage about Cenovus Energy (NYSE:CVE) (TSE:CVE) has trended somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cenovus Energy earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 46.0604381345636 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
Cenovus Energy (NYSE:CVE) opened at $8.91 on Friday. Cenovus Energy has a twelve month low of $6.76 and a twelve month high of $14.46. The firm has a market capitalization of $10,940.00, a price-to-earnings ratio of 3.86, a price-to-earnings-growth ratio of 6.60 and a beta of 0.67. The company has a quick ratio of 1.10, a current ratio of 1.41 and a debt-to-equity ratio of 0.62.
Cenovus Energy (NYSE:CVE) (TSE:CVE) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.10. Cenovus Energy had a net margin of 17.45% and a return on equity of 6.19%. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $4.07 billion. equities research analysts anticipate that Cenovus Energy will post 0.61 earnings per share for the current fiscal year.
CVE has been the topic of a number of research reports. Zacks Investment Research lowered Cenovus Energy from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Scotiabank lowered Cenovus Energy from an “outperform” rating to a “sector perform” rating in a report on Wednesday, November 15th. AltaCorp Capital lowered Cenovus Energy from an “outperform” rating to a “sector perform” rating in a report on Thursday, November 9th. Royal Bank of Canada reissued a “buy” rating and set a $15.00 price target on shares of Cenovus Energy in a research note on Monday, October 16th. Finally, Canaccord Genuity reissued a “buy” rating and set a $15.50 price target on shares of Cenovus Energy in a research note on Thursday, October 19th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $14.42.
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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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