Cenovus Energy Inc (NYSE:CVE) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Previous Quarter Performance
Cenovus Energy Inc outlined loss for the second quarter of $ 0.25 per share, from the revenue of $ 1,568.00 million. Wall street analysts are predicting, CVE to report 2Q20 loss of $ 0.02 per share from revenue of $ 3570.00 million. The top line results fell short of analysts by $ 2 million or 56.08 percent.
Stock Performance
Shares of Cenovus Energy Inc traded low $ -0.20 or -5.51 percent on Wednesday, reaching $ 3.43 with volume of 15.43 million shares. Cenovus Energy Inc has traded high as $ 3.56 and has cracked $ 3.42 on the downward trend
According to the previous trading day, closing price of $ 3.43, representing a 157.45 % increase from the 52 week low of $ 1.41 and a 65.49 % decrease over the 52 week high of $ 10.52.
The company has a market capital of $ 4.19 billion and is part of the Energy sector and Oil & Gas Integrated industry.
Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The companys Oil Sands segment develops and produces bitumen in northeast Alberta. This segments bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development, such as Telephone Lake.
