Cenovus Energy Inc (NYSE: CVE) is -23.70% lower on its value in year-to-date trading and has touched a low of $10.23 and a high of $21.47 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 $11.40 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $11.56, the stock is -11.20% and -15.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.66 million and changing 1.40% at the moment leaves the stock -28.64% off its SMA200. CVE registered -44.92% loss for a year compared to 6-month loss of -35.27%. The firm has a 50-day simple moving average (SMA 50) of $13.6622 and a 200-day simple moving average (SMA200) of $16.1992.
The stock witnessed a -14.31% gain in the last 1 month and extending the period to 3 months gives it a -24.35%, and is 3.31% up 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 9.66% over the week and 5.04% over the month.
Cenovus Energy Inc (CVE) has around 7150 employees, a market worth around $21.08B and $39.66B in sales. Current P/E ratio is 9.59 and Fwd P/E is 7.26. Profit margin for the company is 5.75%. Distance from 52-week low is 13.00% and -46.17% from its 52-week high. The company has generated returns on investments over the last 12 months (8.28%).
with sales reaching $12.39B over the same period.The EPS is expected to grow by 9.14% this year, but quarterly earnings will post -7.70% year-over-year. Quarterly sales are estimated to shrink -24.58% in year-over-year returns.
Cenovus Energy Inc (CVE) Top Institutional Holders
593.0 institutions hold shares in Cenovus Energy Inc (CVE), with institutional investors hold 71.84% of the company’s shares. The shares outstanding are 1.82B, and float is at 1.27B with Short Float at 2.89%. Institutions hold 50.03% 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 6.7454% 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 3.1618% 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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