Cenovus Energy Inc (NYSE:CVE) Updates On Dividend Release Date


On 2016-07-28, Cenovus Energy Inc (NYSE:CVE) confirmed the dividend disbursement of $0.038 a share to shareholders as on record 2016-09-15. The firm will release dividend on 2016-09-30 while ex-dividend date is reported to be 2016-09-13.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Cenovus Energy Inc (NYSE:CVE) paid a total of $0.038 per share in dividends. This figure stood at $0.038 a share in the same period a year ago indicating a deviation of -30.7122%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $17.842 on the stock. This figure is the average of recommendations offered by 7 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $23 and $14.44, respectively.

Taking the mathematical rating formula, the price for Cenovus Energy Inc (NYSE:CVE) stands at 1.88. Earnings Review Cenovus Energy Inc (NYSE:CVE) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-03. For the period ending on 2016-09-30, experts are expecting EPS of $-0.05.

Coming to the quarter ending on 2015-12-31, Cenovus Energy Inc (NYSE:CVE) recorded EPS of $-0.04. The reported numbers came lower than the analysts’ estimates of $-0.05, demonstrating a miss of $0.01 as against reported figures.

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