Cenovus Energy (CVE) Given Daily News Impact Score of 0.17
Media coverage about Cenovus Energy (NYSE:CVE) (TSE:CVE) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news 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 0.17 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 47.254685871148 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s analysis:
- Cenovus Energy Inc. (CVE) – Momentum Stock in Focus – Wall Street Morning (wallstreetmorning.com)
- Cenovus Energy Inc (CVE) Forecasted to Post FY2019 Earnings of $0.26 Per Share (americanbankingnews.com)
- Research Analysts Offer Predictions for Cenovus Energy Inc’s Q1 2018 Earnings (CVE) (americanbankingnews.com)
- ValuEngine Lowers Cenovus Energy (CVE) to Sell (americanbankingnews.com)
- Cenovus Energy (CVE) Rating Increased to Outperform at AltaCorp Capital (americanbankingnews.com)
CVE has been the topic of a number of recent analyst reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $15.50 target price on shares of Cenovus Energy in a research report on Monday, October 30th. Zacks Investment Research downgraded shares of Cenovus Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. AltaCorp Capital downgraded shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research report on Thursday, November 9th. Scotiabank downgraded shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, November 15th. Finally, Desjardins reaffirmed a “hold” rating on shares of Cenovus Energy in a research report on Friday, January 12th. Six analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $14.42.
Cenovus Energy (NYSE:CVE) (TSE:CVE) last issued its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.45). Cenovus Energy had a return on equity of 0.53% and a net margin of 18.92%. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.95 billion. During the same period in the previous year, the business posted $0.39 earnings per share. analysts expect that Cenovus Energy will post 0.2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.0398 per share. This is an increase from Cenovus Energy’s previous quarterly dividend of $0.04. This represents a $0.16 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Wednesday, March 14th. Cenovus Energy’s dividend payout ratio (DPR) is presently 9.70%.
Cenovus Energy Company Profile
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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