Cenovus Energy (CVE) Projected to Post 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. Investors interested in registering for the company’s conference call can do so using this link.

Cenovus Energy Trading Down 1.8 %

Shares of CVE opened at $15.22 on Thursday. The stock has a market capitalization of $27.78 billion, a PE ratio of 10.50 and a beta of 1.99. The company’s fifty day moving average is $14.98 and its 200 day moving average is $16.46. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.59. Cenovus Energy has a fifty-two week low of $13.76 and a fifty-two week high of $21.90.

Wall Street Analysts Forecast Growth

CVE has been the topic of several recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $28.00 target price on shares of Cenovus Energy in a research report on Monday, January 6th. StockNews.com downgraded Cenovus Energy from a “buy” rating to a “hold” rating in a research report on Saturday, December 28th. Finally, BMO Capital Markets lowered their price target on Cenovus Energy from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Cenovus Energy 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.