News Alert: Cenovus Energy Inc. (NYSE: CVE)

On Friday, Shares of Cenovus Energy Inc. (NYSE: CVE) showed the bearish trend with a lower momentum of -0.69% to $10.09. The company traded total volume of 4,691,086 shares as contrast to its average volume of 4.58M shares. The company has a market value of $11.88B and about 1.18B shares outstanding.

Cenovus Energy Inc. (CVE) stated a fourth-quarter loss of $1.030B, after reporting a profit in the same period a year earlier. The Calgary, Alberta-based company said it had a loss of 84 cents per share. Losses, adjusted for non-recurring gains, were $1.03 per share. The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.

The oil company posted revenue of $3.440B in the period.

For the year, the company stated a loss of $2.060B, or $1.68 per share, swinging to a loss in the period. Revenue was stated as $16.080B.

The Company offered net profit margin of -12.80% while its gross profit margin was 58.00%. ROE was recorded as -14.30% while beta factor was 0.83. The stock, as of recent close, has shown the weekly upbeat performance of 2.33% which was maintained at 43.53% in this year.

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