Cenovus Energy (CVE) Expected to Announce Quarterly Earnings on Thursday

Cenovus Energy (NYSE:CVE) (TSE:CVE) is projected to issue its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $11.08 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Cenovus Energy Stock Up 1.0 %

Shares of CVE opened at $15.46 on Wednesday. The firm has a market capitalization of $28.22 billion, a P/E ratio of 10.66 and a beta of 1.99. Cenovus Energy has a 12-month low of $13.76 and a 12-month high of $21.90. The company has a current ratio of 1.59, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $14.99 and a 200-day moving average price of $16.33.

Analysts Set New Price Targets

CVE has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $28.00 target price on shares of Cenovus Energy in a research note on Monday, January 6th. StockNews.com lowered shares of Cenovus Energy from a “buy” rating to a “hold” rating in a research note on Saturday, December 28th. Finally, BMO Capital Markets lowered 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 note on Friday, November 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

About Cenovus Energy

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.