News articles about Cenovus Energy (NYSE:CVE) (TSE:CVE) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cenovus Energy earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 47.1312930486273 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Worth Watching Stocks in the Spotlight: Cenovus Energy Inc., (NYSE: CVE), Dynavax Technologies Corporation … – TNN (tradingnewsnow.com)
- Beta Factor under Trader’s Radar – Cenovus Energy Inc., (NYSE: CVE) – Stock Watch (stocksnewstimes.com)
- Is the Stock Safe to Invest? – Cenovus Energy Inc (NYSE: CVE) – Alpha Beta Stock (alphabetastock.com)
- Options Traders Expect Huge Moves in Cenovus Energy (CVE) Stock – Nasdaq (nasdaq.com)
A number of research analysts have commented on the company. Zacks Investment Research lowered Cenovus Energy from a “hold” rating to a “sell” rating in a research report on Monday, March 5th. ValuEngine lowered Cenovus Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Desjardins reaffirmed a “hold” rating on shares of Cenovus Energy in a research report on Friday, January 12th. AltaCorp Capital raised Cenovus Energy from a “sector perform” rating to an “outperform” rating in a research report on Friday, February 16th. Finally, Scotiabank lowered Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, November 15th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $14.42.
Cenovus Energy (NYSE:CVE) (TSE:CVE) last announced its earnings results on Thursday, February 15th. The oil and gas company reported ($0.35) earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the prior year, the company posted $0.39 EPS. analysts forecast that Cenovus Energy will post 0.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a $0.0398 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.16 annualized dividend and a dividend yield of 1.97%. This is a positive change from Cenovus Energy’s previous quarterly dividend of $0.04. Cenovus Energy’s dividend payout ratio is currently 9.88%.
About Cenovus Energy
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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