Press coverage about Cenovus Energy (NYSE:CVE) (TSE:CVE) has trended negative recently, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 6,000 blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cenovus Energy earned a news sentiment score of -2.23 on their scale. InfoTrie also gave headlines about the oil and gas company an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Cenovus Energy’s score:
CVE has been the subject of several recent analyst reports. CIBC restated a “buy” rating on shares of Cenovus Energy in a research note on Thursday, November 22nd. Canaccord Genuity set a $13.00 price target on Cenovus Energy and gave the company a “hold” rating in a research note on Tuesday, November 20th. Morgan Stanley cut their price target on Cenovus Energy from $17.00 to $15.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 20th. Zacks Investment Research restated a “buy” rating and issued a $9.25 price target on shares of Cenovus Energy in a research note on Tuesday, November 13th. Finally, Raymond James restated a “hold” rating on shares of Cenovus Energy in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. Cenovus Energy presently has an average rating of “Hold” and an average price target of $12.65.
Shares of Cenovus Energy stock opened at $8.14 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. Cenovus Energy has a twelve month low of $6.89 and a twelve month high of $11.47. The stock has a market capitalization of $9.07 billion, a P/E ratio of -407.00 and a beta of 0.74.
Cenovus Energy (NYSE:CVE) (TSE:CVE) last announced its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.32). Cenovus Energy had a negative net margin of 3.15% and a negative return on equity of 9.58%. The business had revenue of $4.70 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Analysts forecast that Cenovus Energy will post -0.64 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be paid a $0.0382 dividend. This represents a $0.15 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, December 13th. This is a positive change from Cenovus Energy’s previous quarterly dividend of $0.04. Cenovus Energy’s payout ratio is currently -750.00%.
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Cenovus Energy Company Profile
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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