Raymond James Financial Comments on Cenovus Energy FY2025 Earnings

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) – Raymond James Financial issued their FY2025 earnings estimates for shares of Cenovus Energy in a research note issued on Thursday, October 9th. Raymond James Financial analyst M. Barth anticipates that the company will earn $1.44 per share for the year. Raymond James Financial currently has a “Strong-Buy” rating and a $32.00 target price on the stock. The consensus estimate for Cenovus Energy’s current full-year earnings is $2.26 per share.

Other equities research analysts have also issued research reports about the company. National Bank Financial upgraded Cenovus Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd. ATB Capital increased their price objective on shares of Cenovus Energy from C$25.00 to C$28.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. National Bankshares boosted their target price on shares of Cenovus Energy from C$28.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Royal Bank Of Canada upped their target price on shares of Cenovus Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Finally, Desjardins lifted their price target on shares of Cenovus Energy from C$27.50 to C$29.00 in a research note on Monday, August 25th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Cenovus Energy presently has an average rating of “Buy” and an average price target of C$28.10.

Cenovus Energy Stock Performance

Cenovus Energy stock opened at C$24.25 on Monday. The company has a market cap of C$43.12 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 0.09 and a beta of 0.66. Cenovus Energy has a 12 month low of C$14.48 and a 12 month high of C$25.97. The company has a debt-to-equity ratio of 33.59, a current ratio of 1.59 and a quick ratio of 1.00. The stock’s 50-day moving average is C$22.83 and its 200-day moving average is C$19.99.

Cenovus Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Monday, September 15th. Cenovus Energy’s dividend payout ratio (DPR) is presently 51.39%.

Cenovus Energy Company Profile

Cenovus Energy 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 472 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds 6.7 billion boe of proven and probable reserves.