The market expects Cenovus Energy (CVE) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be relea ...

CALGARY, Alberta, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its third-quarter 2024 results on Thursday, October 31. The news release will provide consolidated third-quarter operating and financial information. The company’s financial statements will be available on Cenovus’s website, cenovus.com. Conference call: 8 a.m. MT (10 a.m. ET) To join the conference call, please dial 1-888-307-2440 (toll-free in North America) or 647-694-2812 to reach a live operator w ...

I analyze oil and gas companies like Cenovus Energy and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up he ...

Cenovus Energy (CVE) ended the recent trading session at $17.11, demonstrating a -0.64% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.19%. On the other hand, the Dow registered a gain of 0.09%, and the technology-centric Nasdaq decreased by 0.36%. The oil company's shares have seen a decrease of 8.06% over the last month, not keeping up with the OilsEnergy sector's loss of 1.95% and the S&P 500's gain of 2.06%. Analysts and investors alike wil ...

In the latest market close, Cenovus Energy (CVE) reached $16.20, with a -0.25% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.54% for the day. Elsewhere, the Dow saw an upswing of 0.72%, while the tech-heavy Nasdaq appreciated by 0.65%. Heading into today, shares of the oil company had lost 18.27% over the past month, lagging the Oils-Energy sector's loss of 3.91% and the S&P 500's gain of 4.86% in that time. The investment community will be closely ...

Hill Street Studios/DigitalVision via Getty Images We have been fairly constructive on Cenovus Energy (TSX:CVE:CA) in our recent work. We gave it a buy rating in the last two articles and also found a way to dig some returns out of the Husky preferred shares. Cenovus: Three Headwinds Explain The Underperformance cwrEF, CVE • Dec. 15, 2023 • 63 Comments • Make Analysts Pick BDY Cenovus Energy: Preferred Shares Look Incredibly Attractive CVE, CVE.PR.A:CA ・Jul. 14, 2023 ・50 Comments ・Make Analyst's Pick BUY Se ...

Cenovus Energy Inc. (CVE) reported second-quarter 2024 adjusted earnings per share of 39 cents, which missed the Zacks Consensus Estimate of 52 cents. However, the bottom line increased from the year-ago quarter's figure of 33 cents. Total quarterly revenues of $10.88 billion topped the Zacks Consensus Estimate of $9.78 billion. The top line also increased from the year-ago quarter's level of $9.1 billion. The weaker-than-expected quarterly earnings can be primarily attributed to a significant decline in pr ...

1 -1 C F 車 ImagineGolf All financial numbers in this article are in Canadian dollars unless noted otherwise. Please note that oil and gas prices are always in U.S. dollars. Introduction "Nobody" is bullish on commodities anymore. As reported by Bloomberg on August 2, hedge funds (money managers) have turned bearish on commodities for the first time since 2016. In this case, "bearish" is defined by having net short positions, as the chart below shows. Bloomberg This is absolutely fascinating, as 2016 was a h ...

Cenovus Energy Inc. (NYSE:CVE) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Patrick Read - Vice President, Investor Relations Jon McKenzie - Chief Executive Officer Keith Chiasson - Executive Vice President, Downstream Geoff Murray - Executive Vice-President, Commercial Kam Sandhar - Executive Vice President, Strategy and Corporate Development Jeff Lawson - Senior Vice-President, Corporate Development and Acting Chief Sustainability Officer Conference Call Participants Ne ...

Cenovus Energy (CVE) came out with quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -25%. A quarter ago, it was expected that this oil company would post earnings of $0.35 per share when it actually produced earnings of $0.46, delivering a surprise of 31.43%. Over the last four quarters, the compan ...