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

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

Cenovus Energy Stock Performance

CVE stock opened at $15.46 on Wednesday. The firm has a market cap of $28.22 billion, a price-to-earnings ratio of 10.66 and a beta of 1.99. The firm has a 50-day simple moving average of $14.99 and a two-hundred day simple moving average of $16.33. Cenovus Energy has a one year low of $13.76 and a one year high of $21.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.59.

Wall Street Analysts Forecast Growth

Several research firms have commented on CVE. StockNews.com lowered shares of Cenovus Energy from a “buy” rating to a “hold” rating in a research report on Saturday, December 28th. BMO Capital Markets decreased their price target on shares of Cenovus Energy from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $28.00 price target on shares of Cenovus Energy in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently 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.