Cenovus Energy Inc (NYSE:CVE) currently has a daily average trading volume of 11.59M but it saw 18854228 shares traded in last market. With a market cap of 39.48B USD, the company’s current market price of $21.09 came falling about -3.26 while comparing to the previous closing price of $21.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.88 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 $20.13, while its current price level is -3.61% below from 52-week high level whereas it is 43.57% 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 $18.30 while that of 200 days or SMA-200 reads an average of $18.28. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.29% during that period while stretching the period over a month that decreases to 1.91%. 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 70.77 which implies that the stock is in overbought territory.
Over the week, CVE’s stock price is moving -0.09% down while it is 17.62% when we observe its performance for the past one month. Year-to-date it is 26.67% up and over the past year, the stock is showing an upside performance of 16.97%.
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 21.80% for current year and estimate for EPS growth in next year is 17.40%. In next quarter, company is expected to be making quarterly sales of $10.19 billion as analysts are expecting the sales for current fiscal year at $39.59 billion and seeing the company making $40.16 billion in sales next year. Moreover, analysts are in estimates of $10.28 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 55.58% 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 13.37 while having a 9.80 of forward P/E ratio. Stock’s beta reads 2.13. Stock has a price to book (P/B) ratio of 1.85 while price to sale or P/S ratio amounts to 1.02. Its return on asset (ROA) is 7.43% on average.
