Cenovus Energy (NYSE:CVE) Issues Earnings Results, Misses Estimates By $0.27 EPS

Cenovus Energy (NYSE:CVE) (TSE:CVE) posted its earnings results on Thursday. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.27), Zacks reports. Cenovus Energy had a net margin of 6.72% and a return on equity of 12.88%.

Cenovus Energy Price Performance

Shares of Cenovus Energy stock traded down $0.58 during trading hours on Thursday, reaching $15.06. The stock had a trading volume of 7,237,747 shares, compared to its average volume of 10,539,780. The firm has a market capitalization of $27.46 billion, a PE ratio of 10.38 and a beta of 1.99. The stock’s 50 day moving average is $15.00 and its 200 day moving average is $16.33. The company has a current ratio of 1.59, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. Cenovus Energy has a twelve month low of $13.76 and a twelve month high of $21.90.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. StockNews.com downgraded shares of Cenovus Energy from a “buy” rating to a “hold” rating in a research report on Saturday, December 28th. Royal Bank of Canada restated an “outperform” rating and set a $28.00 target price on shares of Cenovus Energy in a research report on Monday, January 6th. Finally, BMO Capital Markets decreased their target price on shares of Cenovus Energy from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Cenovus Energy Company Profile

Cenovus Energy Inc, together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.