$0.06 EPS Expected for Cenovus Energy Inc (USA) (CVE)

July 26, 2017 - By reb123z

 $0.06 EPS Expected for Cenovus Energy Inc (USA) (CVE)

Analysts expect Cenovus Energy Inc (USA) (NYSE:CVE) to report $0.06 EPS on July, 27 before the open.They anticipate $0.10 EPS change or 250.00 % from last quarter’s $-0.04 EPS. CVE’s profit would be $78.36M giving it 33.08 P/E if the $0.06 EPS is correct. After having $-0.04 EPS previously, Cenovus Energy Inc (USA)’s analysts see -250.00 % EPS growth. It closed at $7.94 lastly. It is down 34.01% since July 26, 2016 and is downtrending. It has underperformed by 50.71% the S&P500.

Cenovus Energy Inc (USA) (NYSE:CVE) Ratings Coverage

Among 16 analysts covering Cenovus Energy Inc (NYSE:CVE), 6 have Buy rating, 2 Sell and 8 Hold. Therefore 38% are positive. Cenovus Energy Inc had 24 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Goldman Sachs to “Sell” on Monday, January 23. The firm earned “Buy” rating on Tuesday, January 26 by Goldman Sachs. The stock has “Underweight” rating by Barclays Capital on Monday, October 12. The firm has “Conviction Buy” rating given on Friday, March 11 by Goldman Sachs. Macquarie Research upgraded the shares of CVE in report on Thursday, March 30 to “Neutral” rating. The firm has “Outperform” rating given on Friday, May 26 by Credit Suisse. On Wednesday, June 21 the stock rating was upgraded by Canaccord Genuity to “Buy”. JP Morgan maintained Cenovus Energy Inc (USA) (NYSE:CVE) rating on Tuesday, December 15. JP Morgan has “Neutral” rating and $18 target. The company was upgraded on Thursday, January 21 by Nomura. On Tuesday, December 1 the stock rating was upgraded by Goldman Sachs to “Neutral”.

Cenovus Energy Inc is a Canada-based integrated oil company. The company has market cap of $10.37 billion. It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids and natural gas in Canada. It currently has negative earnings. The Firm also conducts marketing activities and owns refining interests in the United States (U.S.).

More notable recent Cenovus Energy Inc (USA) (NYSE:CVE) news were published by: Fool.ca which released: “Should You Buy Suncor Energy Inc. or Cenovus Energy Inc.?” on June 27, 2017, also Fool.ca with their article: “How Far Can Cenovus Energy Inc. Fall?” published on July 03, 2017, Fool.ca published: “Cenvous Energy Inc. vs. Crescent Point Energy Corp.: Which Knife to Catch?” on July 05, 2017. More interesting news about Cenovus Energy Inc (USA) (NYSE:CVE) were released by: Fool.ca and their article: “Cenovus Energy Inc. Divestitures on the Horizon: Time to Buy?” published on July 14, 2017 as well as Fool.ca‘s news article titled: “Contrarian Investors: Should You Buy Cenovus Energy Inc. or Baytex Energy Corp.?” with publication date: June 29, 2017.

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