Cenovus Energy Inc (NYSE:CVE) is reporting second quarter earnings results on Thursday 23rd July 2020, before market open.
Previous Quarter Performance
Cenovus Energy Inc outlined loss for the first quarter of $ 0.72 per share, from the revenue of $ 2,960.00 million. The quarterly earnings increased 57.14 percent while revenues compared with the same quarter last year. The consensus estimates are $ 3570.00 million in revenue The top line results fell short of analysts by $ 610 million or 17.09 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CVE was $ 4.97, representing a 252.48 % increase from the 52 week low of $ 1.41 and a 54.07 % decrease over the 52 week high of $ 10.82.
The company has a market capital of $ 6.06 billion and is part of the Energy sector and Oil & Gas Integrated industry.
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Conference Call
Cenovus Energy Inc will be hosting a conference call at 11:00 AM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cenovus.com
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.
