Cenovus Energy Inc (NYSE: CVE) is 25.83% higher on its value in year-to-date trading and has touched a low of $14.69 and a high of $21.90 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 $21.09 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $20.95, the stock is 4.07% and 14.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.58 million and changing -0.66% at the moment leaves the stock 14.63% off its SMA200. CVE registered 16.00% gain for a year compared to 6-month loss of 2.24%.
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The stock witnessed a 13.74% gain in the last 1 month and extending the period to 3 months gives it a 31.84%, and is -2.01% 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 2.42% over the week and 1.94% over the month.
Cenovus Energy Inc (CVE) has around 6925 employees, a market worth around $39.22B and $38.68B in sales. Current P/E ratio is 13.28 and Fwd P/E is 9.42. Profit margin for the company is 7.82%. Distance from 52-week low is 42.61% and -4.34% from its 52-week high. The company has generated returns on investments over the last 12 months (10.45%).
The EPS is expected to grow by 24.11% this year.
Cenovus Energy Inc (CVE) Top Institutional Holders
The shares outstanding are 1.87B, and float is at 1.32B with Short Float at 2.14%.
