Cenovus Energy Inc (NYSE:CVE) currently has a daily average trading volume of 11.70M but it saw 9766757 shares traded in last market. With a market cap of 36.16B USD, the company’s current market price of $19.32 came rising about 0.47 while comparing to the previous closing price of $19.23. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.37 and as low as $14.69.
Taking a look at 20-day trading activity of Cenovus Energy Inc (CVE) gives us an average price of $18.08, while its current price level is -9.59% below from 52-week high level whereas it is 31.52% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $16.88 while that of 200 days or SMA-200 reads an average of $18.01. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.93% during that period while stretching the period over a month that increases to 2.14%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 76.04 which implies that the stock is in overbought territory.
Over the week, CVE’s stock price is moving 3.59% up while it is 10.40% when we observe its performance for the past one month. Year-to-date it is 16.04% up and over the past year, the stock is showing an upside performance of 14.45%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $0.29 beat the consensus estimate of $0.25 for the same. For CVE, analysts are forecasting an EPS-growth rate of 25.60% for current year and estimate for EPS growth in next year is 26.00%. In next quarter, company is expected to be making quarterly sales of $10.23 billion as analysts are expecting the sales for current fiscal year at $38.46 billion and seeing the company making $39.08 billion in sales next year. Moreover, analysts are in estimates of $10.21 billion for current-quarter revenue.
Currently, Cenovus Energy Inc’s total number of outstanding shares is 1.87B with 31.50% of that held by the insiders while 55.57% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 10.45% and return on equity (ROE) at 14.49%. It has a price to earnings ratio (P/E ratio) of 12.25 while having a 8.50 of forward P/E ratio. Stock’s beta reads 2.15. Stock has a price to book (P/B) ratio of 1.69 while price to sale or P/S ratio amounts to 0.93. Its return on asset (ROA) is 7.43% on average.
