If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, CVE earned gross profit of 8.64 Billion, in 2015 5.67 Billion gross profit, while in 2016 Cenovus Energy Inc. Institutional investors own 56.17% of the company's stock. The Seaward Management Limited Partnership holds 189,527 shares with $12.40 million value, down from 197,077 last quarter. Finally, Sciencast Management LP acquired a new stake in shares of Cenovus Energy during the 2nd quarter worth approximately $124,000. First Trust Advisors LP now owns 43,183 shares of the oil and gas company's stock worth $488,000 after purchasing an additional 6,521 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Cenovus Energy by 51.6% in the 1st quarter. 3018607 shares were traded on Cenovus Energy Inc's last session.
Among 16 analysts covering Cenovus Energy Inc (NYSE:CVE), 6 have Buy rating, 2 Sell and 8 Hold. 259,223 shares of the company's stock traded hands. More interesting news about Cenovus Energy Inc (USA) (NYSE:CVE) were released by: Fool.ca and their article: "How Far Can Cenovus Energy Inc". The company has market cap of $10.48 billion.
Shares are trading at $8.36 just a bit higher than $7.90, the stock's 50 day moving average and which is much lower than the 200 day moving average of $9.34.
The company has mean EPS estimate of 0.09 reported by 11 number of analyst for the quarter ending Current Qtr.(Sep2017). The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.40 billion.
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While looking at the Stock's Performance, Cenovus Energy Inc. now shows a Weekly Performance of 3.84%, where Monthly Performance is -0.98%, Quarterly performance is -1.58%, 6 Months performance is -32.78% and yearly performance percentage is -46.93%. Analysts expect next quarter's EPS to be $0.08 and the next full year EPS is anticipated to be $0.22.
Now the P/E of Cenovus Energy Inc. stands at 4.55. The company also recently declared a dividend paid on Friday June 30th, 2017. Days to cover increased from 0.0 to 5.0 and the percentage of shorted shares was 0.02% on August 15.
Beutel Goodman & Co Ltd increased Cenovus Energy (CVE) stake by 2.27% reported in 2016Q4 SEC filing. This represents a $0.16 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was set for Tuesday the 13th of June 2017. Cenovus Energy's dividend payout ratio (DPR) is 8.33%.
05/26/2017 - Cenovus Energy Inc had its "outperform" rating reiterated by analysts at Credit Suisse. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & global trademark and copyright legislation. The analysts estimated sales for the higher end at 5094.06 million and lower end at 3189.54 million while the year ago reported sale was 3896.01 million. Zacks Investment Research downgraded shares of Cenovus Energy from a "buy" rating to a "hold" rating in a report on Wednesday, July 26th. The legal version of this report can be viewed at https://weekherald.com/2017/09/12/airain-ltd-buys-551269-shares-of-cenovus-energy-inc-cve.html. The stock of Cenovus Energy Inc (USA) (NYSE:CVE) earned "Sell" rating by Macquarie Research on Wednesday, June 21. The stock of Cenovus Energy Inc (USA) (NYSE:CVE) has "Neutral" rating given on Tuesday, December 15 by JP Morgan. The average stock price target is $16.11 with 0 brokerages rating the stock a strong buy, 7 brokerages rating the stock a buy, 7 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell. The value of the investment in Cenovus Energy Inc went from $206,000 to $915,000 a change of $709,000 quarter to quarter.