Ultime notizie per Cenovus Energy (NYSE:CVE) Azioni

Cenovus Energy

Cenovus Energy Inc is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.

Cenovus Energy Inc

Cenovus Energy Inc Warrants (each warrant entitles the holder to purchase one common share at an exercise price of C$6.54 per share)

Civeo Corp

News

Buybacks

Cenovus Energy Approves Renewal Of Normal Course Issuer Bid To Purchase Up To 127.49M Common Shares During 12-month Period Commencing November 11, 2024 And Ending November 10, 2025.

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Shares of oil and gas companies are trading higher After Donald Trump wins the 2024 presidential election.

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Shares of oil and gas companies are trading higher following reports suggesting OPEC+ will delay output increases.

BMO Capital analyst Randy Ollenberger maintains Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) with a Outperform and lowers the price target from $31 to $28.

Price Target

Analyst Ratings

BMO Capital Maintains Outperform on Cenovus Energy, Lowers Price Target to $28

RBC Capital analyst Greg Pardy maintains Cenovus Energy (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CVE#TSX">CVE</a>) with a Outperform and lowers the price target from C$29 to C$28.

TSX:CVE

RBC Capital Maintains Outperform on Cenovus Energy, Lowers Price Target to C$28

Cenovus Energy shares are trading lower after the company reported worse-than-expected Q3 EPS results.

Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) reported quarterly earnings of $0.42 per share which missed the analyst consensus estimate of $0.49 by 14.29 percent. This is a 56.7 percent decrease over earnings of $0.97 per share from the same period last year. The company reported quarterly sales of $14.200 billion which beat the analyst consensus estimate of $13.592 billion by 4.47 percent. This is a 30.68 percent increase over sales of $10.866 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Cenovus Energy Q3 2024 GAAP EPS C$0.42 Misses C$0.49 Estimate, Sales C$14.200B Beat C$13.592B Estimate

Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) is set to give its latest quarterly earnings report on Thursday, 2024-10-31. Here's what investors need to know before the announcement.
Analysts estimate that Cenovus Energy will report an earnings per share (EPS) of $0.54. 
Investors in Cenovus Energy are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings Track Record</h3>
The company's EPS missed by $0.13 in the last quarter, leading to a 5.15% drop in the share price on the following day.
Here's a look at Cenovus Energy's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.52</td>
<td>0.39</td>
<td>0.25</td>
<td>0.71</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.39</td>
<td>0.46</td>
<td>0.29</td>
<td>0.72</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-5.0%</td>
<td>1.0%</td>
<td>-0.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730300485_0.png" alt="eps graph" />
<a href="https://www.benzinga.com/quote/CVE/earnings">To track all earnings releases for Cenovus Energy visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights into Cenovus Energy's Upcoming Earnings

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Shares of oil and oil-related companies are trading lower after Israel reportedly did not damage Iran's oil sites amid strikes over the weekend.

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Shares of energy stocks are trading lower as oil prices fall after Israel reportedly indicated it could target military sites in Iran but not oil or nuclear targets.

Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) has outperformed the market over the past 5 years by 1.84% on an annualized basis producing an average annual return of 15.83%. Currently, Cenovus Energy has a market capitalization of $32.82 billion. 
Buying $1000 In CVE: If an investor had bought $1000 of CVE stock 5 years ago, it would be worth $2,106.76 today based on a price of $17.68 for CVE at the time of writing.
<h3>Cenovus Energy's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728586836_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,100 Today

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Shares of energy companies are trading lower, pulling back after recently rising amid Middle East tensions. China stimulus uncertainty may also be impacting the demand outlook.

BMO Capital analyst Randy Ollenberger maintains Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) with a Outperform and lowers the price target from $33 to $31.

BMO Capital Maintains Outperform on Cenovus Energy, Lowers Price Target to $31

Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) has outperformed the market over the past 5 years by 1.64% on an annualized basis producing an average annual return of 16.18%. Currently, Cenovus Energy has a market capitalization of $32.44 billion. 
Buying $1000 In CVE: If an investor had bought $1000 of CVE stock 5 years ago, it would be worth $2,008.17 today based on a price of $17.48 for CVE at the time of writing.
<h3>Cenovus Energy's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727881396_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Cenovus Energy 5 Years Ago Would Be Worth Today

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Shares of energy companies are trading higher amid heightening Middle East tensions. A report suggests Iran is preparing to directly attack Israel, which could create shocks to the global economy.

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Shares of oil gas companies are trading lower amid reports suggesting Saudi Arabia may raise output.

RBC Capital analyst Greg Pardy reiterates Cenovus Energy (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CVE#TSX">CVE</a>) with a Outperform and maintains C$29 price target.

Reiteration

RBC Capital Reiterates Outperform on Cenovus Energy, Maintains C$29 Price Target

Shares of oil companies are trading higher amid anticipation for potential conflict escalations between Israel-Lebanon and the broader region.

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Shares of oil and gas companies are trading higher amid a rise in the price of oil after the Fed cut rates, which could lift the demand outlook. Also, ongoing tension in the Middle East could increase supply

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Shares of oil and gas companies are trading lower following reports suggesting an impending deal will restart Libyan oil production and exports.

Cenovus Energy declares CAD 0.18 dividend

Cenovus Energy (TSE:CVE) has released an update. Cenovus Energy reported robust third-quarter results for 2024, generating nearly $2.5 billion in c...

Cenovus Energy Reports Strong Q3 2024 Results

Cenovus Energy Inc. 2024 Q3 - Results - Earnings Call Presentation

Cenovus Energy Inc. (CVE) Q3 2024 Earnings Conference Call Transcript

BMO Capital analyst Randy Ollenberger has maintained their bullish stance on CVE stock, giving a Buy rating yesterday. Randy Ollenberger's rating i...

Cenovus Energy: Undervalued Investment Opportunity Amid Upstream Success and Downstream Challenges

BMO Capital lowered the firm's price target on Cenovus Energy (CVE) to C$28 from C$31 and keeps an Outperform rating on the shares, following "anot...

Cenovus Energy price target lowered to C$28 from C$31 at BMO Capital

RBC Capital lowered the firm's price target on Cenovus Energy (CVE) to C$28 from C$29 and keeps an Outperform rating on the shares. Published first...

Cenovus Energy price target lowered to C$28 from C$29 at RBC Capital

Desjardins raised the firm's price target on Cenovus Energy (CVE) to C$30 from C$29.50 and keeps a Buy rating on the shares. Published first on The...

Cenovus Energy price target raised to C$30 from C$29.50 at Desjardins

Canada sets preliminary rules aiming for oil and gas producers to cut emissions by 35%

Cenovus Energy to commence normal course issuer bid

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Press Releases

Cenovus to hold first-quarter conference call and webcast, virtual annual meeting of shareholders on May 1

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Ultime notizie per Cenovus Energy (NYSE:CVE) Azioni

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