News coverage about Cenovus Energy (NYSE:CVE) (TSE:CVE) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cenovus Energy earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 46.7242263769344 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
NYSE CVE traded up $0.03 during trading hours on Monday, reaching $11.05. The company’s stock had a trading volume of 2,389,621 shares, compared to its average volume of 4,530,773. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 0.50. Cenovus Energy has a 52 week low of $6.76 and a 52 week high of $11.52. The stock has a market capitalization of $13.54 billion, a P/E ratio of -552.50 and a beta of 0.69.
Cenovus Energy (NYSE:CVE) (TSE:CVE) last issued its earnings results on Wednesday, April 25th. The oil and gas company reported ($0.48) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.35). The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.88 billion. Cenovus Energy had a negative return on equity of 3.24% and a net margin of 13.13%. During the same period in the prior year, the business earned ($0.05) EPS. equities research analysts expect that Cenovus Energy will post -0.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a dividend of $0.0389 per share. The ex-dividend date is Thursday, June 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.41%. Cenovus Energy’s dividend payout ratio (DPR) is presently -800.00%.
CVE has been the subject of a number of research reports. ValuEngine downgraded Cenovus Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Raymond James upgraded Cenovus Energy from an “underperform” rating to a “market perform” rating in a research note on Tuesday, April 24th. Morgan Stanley decreased their price target on Cenovus Energy from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, April 16th. Zacks Investment Research downgraded Cenovus Energy from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Finally, UBS initiated coverage on Cenovus Energy in a research note on Wednesday, March 7th. They issued a “neutral” rating for the company. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $13.81.
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 and natural gas in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as projects in the early stages of development, such as Telephone Lake.
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