FY2025 Earnings Estimate for Cenovus Energy Inc. (TSE:CVE) Issued By Raymond James

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) – Raymond James decreased their FY2025 earnings per share estimates for Cenovus Energy in a report released on Thursday, August 1st. Raymond James analyst M. Barth now expects that the company will post earnings of $2.40 per share for the year, down from their previous estimate of $2.54. Raymond James currently has a “Outperform” rating and a $33.00 price target on the stock. The consensus estimate for Cenovus Energy’s current full-year earnings is $2.78 per share. Raymond James also issued estimates for Cenovus Energy’s FY2026 earnings at $2.62 EPS and FY2028 earnings at $3.36 EPS.

Several other analysts have also recently issued reports on the company. Jefferies Financial Group upped their target price on Cenovus Energy from C$28.00 to C$36.00 and gave the company a “buy” rating in a report on Friday, April 12th. TD Securities upped their price target on Cenovus Energy from C$30.00 to C$32.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. National Bankshares upped their price target on Cenovus Energy from C$36.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Desjardins increased their target price on Cenovus Energy from C$31.50 to C$33.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, CIBC increased their target price on Cenovus Energy from C$31.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$34.08.

Cenovus Energy Stock Up 0.1 %

Shares of CVE opened at C$24.82 on Monday. The company has a debt-to-equity ratio of 33.03, a quick ratio of 1.00 and a current ratio of 1.70. Cenovus Energy has a one year low of C$19.82 and a one year high of C$29.96. The stock has a market capitalization of C$46.41 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 0.09 and a beta of 2.77. The stock has a 50 day moving average price of C$26.77 and a 200 day moving average price of C$26.05.

Cenovus Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.90%. Cenovus Energy’s payout ratio is currently 29.72%.

Insider Activity

In other news, Senior Officer Joseph Drew Zieglgansberger sold 17,441 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of C$28.25, for a total value of C$492,633.25. In related news, Senior Officer Joseph Drew Zieglgansberger sold 17,441 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of C$28.25, for a total transaction of C$492,633.25. Also, Director Alex Pourbaix sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$26.03, for a total value of C$5,206,700.00. In the last 90 days, insiders have acquired 13,000 shares of company stock worth $321,710 and have sold 683,996 shares worth $17,605,807. Company insiders own 31.50% of the company’s stock.

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.