What’s Cenovus Energy Inc. (CVE)’s Price to Earnings Ratio?

Cenovus Energy Inc. (NYSE:CVE) saw an upside of 3.49% to close Friday at $11.28 after adding $0.38 on the day. The 5-day average trading volume is 11,580,540 shares of the company’s common stock. It has gained $11.41 in the past week. An average of 9,826,125 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,781,958.

CVE’s 1-month performance is 34.77% or $2.89 on its low of $8.18 reached on 09/20/21. The company’s shares have touched a 52-week low of $3.15 and high of $11.03, with the stock’s rally to the 52-week high happening on 10/08/21. YTD, CVE has achieved 86.75% or $5.24. However, the current price is up 2.27%% from the 52-week high price.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free


Valuation Metrics

Cenovus Energy Inc. (CVE) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.33 for the sector. The company’s PE ratio for the last five years has touched a high of 63.26 and a low of 1.200. CVE stock has a beta of 3.04. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.03 while the price-to-book (PB) in the most recent quarter is 1.24, with the price to cash flow ratio at 11.14.

Cenovus Energy Inc. pays an annual dividend of $0.06 per share. Its dividend yield is 0.53%. CVE’s most recent quarterly dividend payment was made on Sep. 30, when it paid $0.0139 a share compared with prior rate of $0.0144, down -3.6% from last year’s. The company has latest dividend decrease of $0.0005 reported on Friday July 30 2021. Measured over the last 3 years, the Dividend has been growing by -70.26% yearly.

It is projected that Cenovus Energy Inc.’s next ex-dividend date will be on 13-Dec-2021. CVE is expected to distribute $0.0175 as its next dividend.

Cenovus Energy Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 1.20 meaning that CVE stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.67, while the total debt to equity was 0.72. In terms of profitability, the gross margin trailing 12 months is 55.60%. The trailing 12-month EBITDA margin is 6.02% while for the period ending June 29; Cenovus Energy Inc.’s operating margin was 2.70%. The firm’s gross profit as reported stood at -$2.06 billion against revenue of $9.87 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Cenovus Energy Inc.’s cash and short-term investments amounted to $7.66 million against total debt of $16.53 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CVE to announce $0.22 per share in earnings in its latest quarter, but it posted $0.09, representing a -59.10% surprise. EBITDA for the quarter stood at more than $1.55 billion. CVE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 23.93 billion, with total debt at $16.53 billion

Technical Picture

Let’s look briefly at Cenovus Energy Inc. (CVE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 82.26% to suggest the stock is trending Overbought, with historical volatility in this time period at 29.30%.

The stock’s 5-day moving average is $10.79, reflecting a +12.13% or $1.22 change from its current price. CVE is currently trading +34.77% above its 20-day SMA, +37.39% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +35.25% and +102.88% respectively.

Stochastic %K and %D was 92.72% and 92.06% and the average true range (ATR) pointed at 0.46. The RSI (14) points at 77.05%, while the 14-day stochastic is at 95.81% with the period’s ATR at 0.43. The stock’s 9-day MACD Oscillator is pointing at 0.47 and 0.87 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Cenovus Energy Inc. (NYSE: CVE), Morgan Stanley launched coverage with an Overweight rating. Analysts offering their rating for CVE stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate CVE as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 16 have offered a “buy” rating.

What is CVE’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $9.55 and a high of $17.41, with their median price target at $12.75. Looking at these predictions, the average price target given by analysts is for Cenovus Energy Inc. (CVE) stock is $13.46.


Please enter your comment!
Please enter your name here


Hot Topics

Related Videos

Related Videos

Related Articles



Download Free eBook For



100% free. stop anytime no spam