The subsequent divestiture process has been closely watched by investors concerned that low energy prices may reduce Cenovus's proceeds. The company's 50-day moving average price is $9.35 and its 200-day moving average price is $8.82.
Ferguson is set to leave this month.
Postmedia (PNC.A.TO) reported a profit of 43 cents per share for the quarter ended August 31 compared with a loss of $99.4 million or 35 cents per share a year ago.
Traders are more bullish on shares of the company of late if you take into consideration the downtick in short interest. As of the latest earnings report the EPS was $2.45 and is estimated to be $0.51 for the current year with 1,228,790,000 shares now outstanding. However the company reported $-0.22 earnings per share for the same quarter during a year ago. The stock of Cenovus Energy Inc (USA) (NYSE:CVE) earned "Buy" rating by Goldman Sachs on Tuesday, January 26.
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According to analysts Cenovus Energy Inc (NYSE:CVE)'s minimum EPS for the current quarter is at $-0.05 and can go high up to $0.34. ValuEngine upgraded shares of Cenovus Energy from a "sell" rating to a "hold" rating in a research note on Friday, July 28th.
Previously Cenovus Energy Inc (NYSE:CVE) reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.26.
Let's have a look at some of the important valuation ratios of the Cenovus Energy Inc (CVE). Four research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock.
Cenovus Energy Inc (CVE) now the company's industry has 12.51 P/E and the sector P/E is 16.86. Its last month's stock price volatility remained 4.82% which for the week approaches 5.05%. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of United States and global copyright & trademark legislation. Its book value per share for the most recent quarter is $14.19 while its price to book ratio for the same period is 0.69, as for as the company's cash per share for the most recent quarter is $0.33, however its price to cash per share ratio for the same period is 30.11. Allegis Investment Advisors LLC lifted its holdings in Cenovus Energy by 16.9% during the 2nd quarter. Allegis Investment Advisors LLC lifted its position in shares of Cenovus Energy by 16.9% during the 2nd quarter. Cenovus Energy Inc (USA)'s Wall Street analysts see -81.48 % negative EPS growth, taking into account the $0.27 EPS reproted in the previous quarter, The stock decreased 0.61% or $0.06 during the last trading session, reaching $9.79. Hedge funds and other institutional investors own 56.17% of the company's stock. Finally, First Commonwealth Financial Corp PA acquired a new stake in Cenovus Energy during the 2nd quarter worth approximately $114,000. The dividend was $0.040 per share for the quarter or $0.16 annualized.