- Cenovus reported natural gas production of 873.3 million cubic feet equivalent per day, higher than the estimated 848.3 million.
- Oil sands production was recorded at 628,500 barrels of oil equivalent per day.
- Conventional oil production came in at 117,800 barrels of oil equivalent per day, slightly below the estimate of 122,072.
- Overall upstream production reached 816,000 barrels of oil equivalent per day, exceeding the estimate of 810,395.
- Capital investments totaled C$1.48 billion, surpassing the forecasted C$1.33 billion.
- Adjusted funds flow per share stood at C$0.87.
- Earnings per share (EPS) were C$0.070, significantly lower than the projected C$0.22.
- Market response included 19 buy recommendations and no holds or sells noted.
A look at Cenovus Energy Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Cenovus Energy Inc has a positive long-term outlook. With a strong value score of 4, the company seems to be attractively priced relative to its fundamentals. Coupled with a growth score of 5, Cenovus Energy is positioned for future expansion and potential returns. However, its resilience score of 2 indicates some vulnerability to market fluctuations, which may require careful risk management strategies.
Moreover, the company’s momentum score of 3 suggests a steady performance trend, while its dividend score of 3 indicates a moderate dividend payout. Overall, Cenovus Energy Inc, an integrated oil company with significant natural gas and crude oil assets in Alberta and Saskatchewan, displays a mix of positive and cautious indicators according to the Smartkarma Smart Scores, making it a stock to watch for investors seeking long-term growth potential.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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