Cenovus Energy Inc (NYSE: CVE) is -23.04% lower on its value in year-to-date trading and has touched a low of $10.23 and a high of $21.08 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 $12.04 in the last trading session, with the day’s loss setting it -0.38%.
Currently trading at $11.66, the stock is -0.71% and -8.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.14 million and changing -3.16% at the moment leaves the stock -25.45% off its SMA200. CVE registered -42.39% loss for a year compared to 6-month loss of -30.05%.
The stock witnessed a -9.54% gain in the last 1 month and extending the period to 3 months gives it a -17.36%, and is -4.19% 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 3.07% over the week and 5.37% over the month.
Cenovus Energy Inc (CVE) has around 7150 employees, a market worth around $21.26B and $39.66B in sales. Current P/E ratio is 9.68 and Fwd P/E is 8.21. Profit margin for the company is 5.75%. Distance from 52-week low is 13.98% and -44.69% from its 52-week high. The company has generated returns on investments over the last 12 months (8.28%).
with sales reaching $12.6B over the same period.The EPS is expected to shrink by -1.05% this year, but quarterly earnings will post -9.80% year-over-year. Quarterly sales are estimated to shrink -23.30% 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 2.89%.
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 2.6502 of the shares totaling 49.28 million with a market value of $968.77 million.
Cenovus Energy Inc (CVE) Insider Activity
#####
