Cenovus Energy Inc (NYSE: CVE) is -10.69% lower on its value in year-to-date trading and has touched a low of $10.23 and a high of $20.76 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 $13.21 in the last trading session, with the day’s gains setting it 0.32%.
Currently trading at $13.53, the stock is 0.42% and 6.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.32 million and changing 2.42% at the moment leaves the stock -9.57% off its SMA200. CVE registered -29.49% loss for a year compared to 6-month loss of -14.91%. The firm has a 50-day simple moving average (SMA 50) of $12.693 and a 200-day simple moving average (SMA200) of $14.9624.
The stock witnessed a 15.05% gain in the last 1 month and extending the period to 3 months gives it a 6.20%, and is 2.66% 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 3.18% over the week and 2.09% over the month.
Cenovus Energy Inc (CVE) has around 7150 employees, a market worth around $24.54B and $38.99B in sales. Current P/E ratio is 12.65 and Fwd P/E is 12.81. Profit margin for the company is 5.16%. Distance from 52-week low is 32.26% and -34.83% from its 52-week high. The company has generated returns on investments over the last 12 months (7.25%).
with sales reaching $10.64B over the same period.The EPS is expected to shrink by -13.66% this year, but quarterly earnings will post -4.78% year-over-year. Quarterly sales are estimated to shrink -40.10% in year-over-year returns.
Cenovus Energy Inc (CVE) Top Institutional Holders
592.0 institutions hold shares in Cenovus Energy Inc (CVE), with institutional investors hold 75.75% of the company’s shares. The shares outstanding are 1.82B, and float is at 1.26B with Short Float at 1.35%. Institutions hold 52.24% 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 2.6502 of the shares totaling 49.28 million with a market value of $968.77 million.
