Cenovus Energy Inc. (NYSE: CVE) is 39.09% higher on its value in year-to-date trading and has touched a low of $8.66 and a high of $24.91 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CVE stock was last observed hovering at around $17.64 in the last trading session, with the day’s loss setting it -0.56% off its average median price target of $25.60 for the next 12 months. It is also 41.9% off the consensus price target high of $29.40 offered by 17 analysts, but current levels are 24.36% higher than the price target low of $22.58 for the same period.
Currently trading at $17.08, the stock is -8.64% and -5.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.88 million and changing -3.17% at the moment leaves the stock -0.48% off its SMA200. CVE registered 87.28% gain for a year compared to 6-month gain of 5.63%.
The stock witnessed a -10.62% loss in the last 1 month and extending the period to 3 months gives it a -4.04%, and is -9.20% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.26% over the week and 3.86% over the month.
Cenovus Energy Inc. (CVE) has around 5938 employees, a market worth around $34.39B and $46.87B in sales. Current P/E ratio is 11.05 and Fwd P/E is 4.02. Profit margin for the company is 6.70%. Distance from 52-week low is 97.23% and -31.43% from its 52-week high. The company has generated returns on investments over the last 12 months (6.30%).
Cenovus Energy Inc. (CVE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Cenovus Energy Inc. (CVE) is a “Buy”. 17 analysts offering their recommendations for the stock have an average rating of 2.10, where 1 rate it as a Hold and 1 think it is a “Overweight”. 15 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Cenovus Energy Inc. is expected to release its quarterly report on 11/03/2022.The EPS is expected to grow by 114.00% this year
Cenovus Energy Inc. (CVE) Top Institutional Holders
The shares outstanding are 1.97B, and float is at 1.44B with Short Float at 1.20%.
Cenovus Energy Inc. (CVE): Who are the competitors?
The company’s main competitors (and peers) include APA Corporation (APA) that is trading 84.44% up over the past 12 months. Canadian Natural Resources Limited (CNQ) is 53.07% up on the 1-year trading charts.