Cenovus Energy Inc (NYSE: CVE) is -2.11% 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 $14.42 in the last trading session, with the day’s gains setting it 0.41%.
Currently trading at $14.83, the stock is 8.86% and 16.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 25.04 million and changing 2.84% at the moment leaves the stock -0.10% off its SMA200. CVE registered -23.08% loss for a year compared to 6-month loss of -1.92%.
The stock witnessed a 7.39% gain in the last 1 month and extending the period to 3 months gives it a 9.93%, and is 9.61% 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 0.89% over the week and 1.92% over the month.
Cenovus Energy Inc (CVE) has around 7150 employees, a market worth around $26.90B and $38.99B in sales. Current P/E ratio is 13.87 and Fwd P/E is 14.04. Profit margin for the company is 5.16%. Distance from 52-week low is 44.97% and -28.56% 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
The shares outstanding are 1.82B, and float is at 1.26B with Short Float at 1.45%.
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
Still, SEC filings show that on Jun 11 ’25, CK Hutchison Holdings (Affiliate) Proposed Sale 1,107,177 shares at an average price of $14.22 for $15.75 million. The insider now directly holds shares of Cenovus Energy Inc (CVE).
