Cenovus Energy Inc (NYSE: CVE) is -3.70% lower on its value in year-to-date trading and has touched a low of $14.20 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 $14.75 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $14.59, the stock is -3.18% and -4.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.19 million and changing -1.08% at the moment leaves the stock -18.39% off its SMA200. CVE registered -7.49% loss for a year compared to 6-month loss of -26.16%. The firm has a 50-day simple moving average (SMA 50) of $15.2508 and a 200-day simple moving average (SMA200) of $17.89105.
The stock witnessed a -0.82% gain in the last 1 month and extending the period to 3 months gives it a -12.84%, and is -2.67% 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 2.93% over the week and 2.58% over the month.
Cenovus Energy Inc (CVE) has around 6925 employees, a market worth around $26.65B and $40.90B in sales. Current P/E ratio is 10.12 and Fwd P/E is 10.09. Profit margin for the company is 6.66%. Distance from 52-week low is 2.75% and -33.05% from its 52-week high. The company has generated returns on investments over the last 12 months (9.44%).
with sales reaching $14.69B over the same period.The EPS is expected to shrink by -15.87% this year, but quarterly earnings will post 13.42% year-over-year. Quarterly sales are estimated to grow 11.85% 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 75.42% of the company’s shares. The shares outstanding are 1.83B, and float is at 1.27B with Short Float at 1.40%. Institutions hold 52.55% 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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