Cenovus Energy Inc (NYSE: CVE) is -17.62% lower on its value in year-to-date trading and has touched a low of $12.07 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 $12.74 in the last trading session, with the day’s loss setting it -0.26%.
Currently trading at $12.48, the stock is -11.72% and -14.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.71 million and changing -2.04% at the moment leaves the stock -26.57% off its SMA200. CVE registered -29.78% loss for a year compared to 6-month loss of -27.32%.
The stock witnessed a -15.27% gain in the last 1 month and extending the period to 3 months gives it a -19.48%, and is -1.81% 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 3.89% over the week and 3.41% over the month.
Cenovus Energy Inc (CVE) has around 7150 employees, a market worth around $22.76B and $39.66B in sales. Current P/E ratio is 10.36 and Fwd P/E is 7.04. Profit margin for the company is 5.75%. Distance from 52-week low is 3.35% and -42.73% from its 52-week high. The company has generated returns on investments over the last 12 months (8.28%).
with sales reaching $11.75B over the same period.The EPS is expected to grow by 31.49% this year, but quarterly earnings will post -11.53% year-over-year. Quarterly sales are estimated to shrink -28.47% in year-over-year returns.
Cenovus Energy Inc (CVE) Top Institutional Holders
The shares outstanding are 1.82B, and float is at 1.27B with Short Float at 1.01%.
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 6.7454% 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 4.7569 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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