Cenovus Energy Inc. (NYSE: CVE) is -1.91% lower on its value in year-to-date trading and has touched a low of $12.96 and a high of $24.81 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CVE stock was last observed hovering at around $18.85 in the last trading session, with the day’s gains setting it 0.19% off its average median price target of $24.32 for the next 12 months. It is also 31.56% off the consensus price target high of $27.82 offered by 19 analysts, but current levels are 1.3% higher than the price target low of $19.29 for the same period.
Currently trading at $19.04, the stock is 0.90% and -1.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.68 million and changing 1.01% at the moment leaves the stock 0.87% off its SMA200. CVE registered 28.57% gain for a year compared to 6-month gain of 10.32%.
The stock witnessed a 6.85% loss in the last 1 month and extending the period to 3 months gives it a 7.77%, and is -1.40% 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 4.21% over the week and 4.00% over the month.
Cenovus Energy Inc. (CVE) has around 5938 employees, a market worth around $36.10B and $49.60B in sales. Current P/E ratio is 9.90 and Fwd P/E is 5.54. Profit margin for the company is 7.80%. Distance from 52-week low is 46.97% and -23.25% 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”. 19 analysts offering their recommendations for the stock have an average rating of 2.20, where 2 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 04/26/2023.The EPS is expected to grow by 114.00% this year.
Cenovus Energy Inc. (CVE) Top Institutional Holders
The shares outstanding are 1.93B, and float is at 1.37B with Short Float at 2.34%.
Cenovus Energy Inc. (CVE): Who are the competitors?
The company’s main competitors (and peers) include APA Corporation (APA) that is trading 39.25% up over the past 12 months. Canadian Natural Resources Limited (CNQ) is 16.17% up on the 1-year trading charts.