Cenovus Energy Inc (NYSE:CVE) Quarterly Sales Review

Marco Green
July 5, 2017

The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). Citigroup downgraded the shares of RDS.A in report on Wednesday, April 19 to "Sell" rating.

Analysts await Cenovus Energy Inc (TSE:CVE) to report earnings on July, 27. Cormark also issued estimates for Cenovus Energy's Q4 2017 earnings at $0.25 EPS, FY2017 earnings at $0.74 EPS and FY2018 earnings at $0.55 EPS. Lastly, Zacks Lowered Cenovus Energy from a "buy" recommendation to a "hold" recommendation in a analysis note on Mon, May 1st. around three Brokerage firms have recommended the share with a sell recommendation, six have issued a hold recommendation and around seven have published a buy recommendation to The corporation. CVE's current assets of $8.86 Billion cover the company's total debt of $6.28 Billion. While both of these figures are taken from income statement, they highlight a key aspect of financial strength: how much a company earns compared to its interest-obligations - can it easily service debt during a downturn?Earnings at least 5x larger than it's interest payments indicates sound financial strength as a company earns way more than its debt obligations, minimizing the risk of defaulting on its debt. Zooming in to the last week, company shares are 8.96%. TD Securities decreased their price target on shares of Cenovus Energy from C$18.50 to C$15.50 and set a "buy" rating on the stock in a research note on Wednesday.

The stock Hit its 1-year high of $16.82 on 12/12/16 and its 1-year low price of $6.76 on 06/23/17. Earnings surprises can have a huge impact on a company's stock price. It is down 12.78% since July 3, 2016 and is uptrending. The Company's divisions include Integrated Gas, Upstream, Downstream and Corporate. It has a 19.32 P/E ratio. It has underperformed by 3.92% the S&P500. The Company is engaged in the business of developing, producing and marketing crude oil, natural gas liquids (NGL) and natural gas. Its Oil Sands segment includes the development and production of bitumen and natural gas in northeast Alberta. The company has market cap of $1.41 billion. It now has negative earnings. During the same period in the prior year, the firm earned ($0.51) earnings per share.

About 124,926 shares traded. 5972905 shares were traded on Cenovus Energy Inc's last session.

Currently Cenovus Energy Inc (NYSE:CVE)'s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 73.1%.

According to analysts Cenovus Energy Inc (NYSE:CVE)'s minimum EPS for the current quarter is at $-0.04 and can go high up to $0.13.

12/09/2016 - Cenovus Energy Inc had its "hold" rating reiterated by analysts at TD Securities. The rating was reinitiated by Credit Suisse with "Outperform" on Friday, May 26. The company was maintained on Friday, February 17 by Scotia Capital. The firm has "Hold" rating given on Friday, August 21 by Societe Generale. The firm has "Underperform" rating given on Tuesday, January 24 by Macquarie Research. The rating was upgraded by National Bank Canada on Friday, February 12 to "Outperform". The stock has "Outperform" rating by Raymond James on Friday, October 23. Past 5 years growth of Cenovus Energy Inc (NYSE:CVE) observed at 2.11%, looking forward for the next 5 years it has a strong prediction of 53.65% over growth. RBC Capital Markets maintained the shares of CVE in report on Wednesday, June 21 with "Outperform" rating.

Following U.S. election volatility some analysts have updated their recommended target prices on shares of Cenovus Energy Inc (NYSE:CVE).

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