Cenovus Energy Inc (NYSE: CVE) is -3.55% lower on its value in year-to-date trading and has touched a low of $14.62 and a high of $21.79 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 $15.62 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $15.98, the stock is -1.55% and -4.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.14 million and changing 2.30% at the moment leaves the stock -14.03% off its SMA200. CVE registered -8.08% loss for a year compared to 6-month loss of -20.73%. The firm has a 50-day simple moving average (SMA 50) of $16.7476 and a 200-day simple moving average (SMA200) of $18.6206.
The stock witnessed a -5.61% gain in the last 1 month and extending the period to 3 months gives it a -15.09%, and is -0.31% 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 2.62% over the week and 2.38% over the month.
Cenovus Energy Inc (CVE) has around 6925 employees, a market worth around $40.61B and $40.90B in sales. Current P/E ratio is 11.09 and Fwd P/E is 10.29. Profit margin for the company is 6.66%. Distance from 52-week low is 9.32% and -26.67% from its 52-week high. The company has generated returns on investments over the last 12 months (9.44%).
with sales reaching $15.83B over the same period.The EPS is expected to shrink by -2.91% this year, but quarterly earnings will post -2.12% year-over-year. Quarterly sales are estimated to grow 20.51% in year-over-year returns.
Cenovus Energy Inc (CVE) Top Institutional Holders
622.0 institutions hold shares in Cenovus Energy Inc (CVE), with institutional investors hold 75.34% of the company’s shares. The shares outstanding are 1.87B, and float is at 1.28B with Short Float at 1.04%. Institutions hold 51.06% of the Float.
The top institutional shareholder in the company is CAPITAL WORLD INVESTORS with over 125.42 million shares valued at $2.47 billion. The investor’s holdings represent 6.715% of the CVE Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL RESEARCH GLOBAL INVESTORS with 88.45 million shares valued at $1.74 billion to account for 4.7355 of the shares outstanding. The other top investors are FMR LLC which holds 58.79 million shares representing 3.1475% and valued at over $1.16 billion, while VANGUARD GROUP INC holds 2.6382 of the shares totaling 49.28 million with a market value of $968.77 million.
Cenovus Energy Inc (CVE) Insider Activity
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