Earnings Forecast Research on Cenovus Energy Inc (CVE)

Cenovus Energy Inc has received $-0.05 as the consensus Earnings Estimate for the Quarter ending on Dec 2016 ,According to the estimate provided by 2 Financial Advisor in the Stock Trading Firms. Among 2 Analysts, Bottom line EPS Estimate for the current quarter is $-0.06 while the top line estimate is $-0.05 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at 86.25%.

Cenovus Energy Inc results fell short with a surprise EPS of -214.29% or $-0.15. The Actual EPS was $-0.22 compared to the Estimated EPS of $-0.07 during its most recent quarterly earnings.

In the last quarter, Cenovus Energy Inc reported Annual Earnings of $-0.22. Based on the filings, last years Annual Earnings was, $-0.39. In the last Quarter, CVE reported a surprise Earnings per Share of -214.29% . The consensus estimate for current quarter is $-0.05 and for the current fiscal year, the estimate is $-0.6. For the Next fiscal year, the estimate is $0.34 based on the consensus.

Cenovus Energy Inc (NYSE:CVE) : On Tuesday heightened volatility was witnessed in Cenovus Energy Inc (NYSE:CVE) which led to swings in the share price. The stock opened for trading at $13.73 and hit $13.76 on the upside , eventually ending the session at $13.63, with a gain of 0.07% or 0.01 points. The heightened volatility saw the trading volume jump to 1,518,057 shares. The 52-week high of the share price is $16.82 and the company has a market cap of $11,358 million. The 52-week low of the share price is at $9.1 .

Cenovus Energy is an integrated oil company headquartered in Calgary, Alberta. The Companys operations include their growing enhanced oil projects and established natural gas and crude oil production in Alberta and Saskatchewan. The Company has four top-quality enhanced oil projects: Foster Creek, Christina Lake, Pelican Lake and Weyburn. Foster Creek, Christina Lake and Pelican Lake are located in northeast Alberta, and Weyburn is in Saskatchewan. The Company also has ownership interest in two high-quality refineries in Illinois and Texas. Cenovus Energys ongoing objective is to advance technologies that reduce the amount of water, steam, natural gas and electricity used in their operations and to decrease surface land disturbance.

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