Cenovus Energy FY2025 EPS Boosted by Raymond James Financial

Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) – Equities researchers at Raymond James Financial increased their FY2025 earnings per share (EPS) estimates for shares of Cenovus Energy in a note issued to investors on Thursday, October 9th. Raymond James Financial analyst M. Barth now anticipates that the oil and gas company will earn $1.44 per share for the year, up from their previous estimate of $1.22. Raymond James Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Cenovus Energy’s current full-year earnings is $1.49 per share.

Several other research firms have also weighed in on CVE. National Bank Financial upgraded Cenovus Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd. TD Securities restated a “buy” rating on shares of Cenovus Energy in a research report on Tuesday, September 30th. UBS Group restated a “buy” rating on shares of Cenovus Energy in a research report on Monday, August 25th. National Bankshares restated an “outperform” rating on shares of Cenovus Energy in a research report on Wednesday, September 10th. Finally, Wall Street Zen upgraded Cenovus Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $23.33.

Cenovus Energy Trading Down 4.2%

CVE stock opened at $17.32 on Friday. Cenovus Energy has a 1-year low of $10.23 and a 1-year high of $18.60. The firm has a market cap of $30.95 billion, a P/E ratio of 17.15 and a beta of 0.92. The business’s 50 day moving average is $16.44 and its 200-day moving average is $14.44. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.24.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last released its quarterly earnings data on Thursday, July 31st. The oil and gas company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.19. Cenovus Energy had a return on equity of 9.06% and a net margin of 5.18%.The company had revenue of $10.66 billion for the quarter, compared to analyst estimates of $10.64 billion. During the same period in the prior year, the company posted $0.62 EPS. The company’s revenue was down 12.6% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Cenovus Energy by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 54,483,601 shares of the oil and gas company’s stock valued at $757,213,000 after buying an additional 4,401,045 shares during the last quarter. Boston Partners boosted its position in Cenovus Energy by 2.3% in the 2nd quarter. Boston Partners now owns 26,845,367 shares of the oil and gas company’s stock valued at $365,097,000 after buying an additional 606,042 shares during the last quarter. Mackenzie Financial Corp boosted its position in Cenovus Energy by 7.2% in the 2nd quarter. Mackenzie Financial Corp now owns 20,890,672 shares of the oil and gas company’s stock valued at $284,447,000 after buying an additional 1,409,439 shares during the last quarter. Smead Capital Management Inc. boosted its position in Cenovus Energy by 13.3% in the 2nd quarter. Smead Capital Management Inc. now owns 17,552,075 shares of the oil and gas company’s stock valued at $238,999,000 after buying an additional 2,056,163 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Cenovus Energy by 33.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 17,363,386 shares of the oil and gas company’s stock valued at $241,513,000 after buying an additional 4,362,384 shares during the last quarter. 51.19% of the stock is currently owned by institutional investors.

Cenovus Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, September 15th. Cenovus Energy’s dividend payout ratio (DPR) is presently 57.43%.

Cenovus Energy Company Profile

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.