Cenovus Energy Inc. (CVE)
After hours:
| Previous close | 20.56 |
| Open | 20.70 |
| Bid | 20.00 x 1400 |
| Ask | 20.33 x 1300 |
| Day's range | 20.06 - 20.91 |
| 52-week range | 14.69 - 21.90 |
| Volume | |
| Avg. volume | 11,115,100 |
| Market cap | 38.206B |
| Beta (5Y monthly) | 2.78 |
| PE ratio (TTM) | 13.12 |
| EPS (TTM) | 1.55 |
| Earnings date | 01 May 2024 |
| Forward dividend & yield | 0.41 (2.00%) |
| Ex-dividend date | 14 Mar 2024 |
| 1y target est | 23.75 |
ZacksCenovus Energy (CVE) Beats Q1 Earnings Estimates
Cenovus (CVE) delivered earnings and revenue surprises of 31.43% and 0.43%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
ReutersCanada's Cenovus Energy beats profit estimate on production boost
Canadian oil and gas company Cenovus Energy beat first-quarter profit estimates on Wednesday due to higher production and refinery throughput, and executives said the start-up of the Trans Mountain pipeline expansion (TMX) would open up new markets. TMX will nearly triple the flow of oil to Canada's west coast to 890,000 barrels per day, which is expected to transform access to global markets for the country's producers. "Our teams have been working with buyers, there's a pretty vast market out there, which is exciting," Drew Zieglgansberger, chief commercial officer at Cenovus, said on an earnings call, adding the company expected some "bumpiness" in the pipeline's initial operations.
- Reuters
UPDATE 3-Canada's Cenovus Energy beats profit estimate on production boost
Canadian oil and gas company Cenovus Energy beat first-quarter profit estimates on Wednesday due to higher production and refinery throughput, and executives said the start-up of the Trans Mountain pipeline expansion (TMX) would open up new markets. TMX will nearly triple the flow of oil to Canada's west coast to 890,000 barrels per day, which is expected to transform access to global markets for the country's producers. "Our teams have been working with buyers, there's a pretty vast market out there, which is exciting," Drew Zieglgansberger, chief commercial officer at Cenovus, said on an earnings call, adding the company expected some "bumpiness" in the pipeline's initial operations.
