Cenovus Energy Inc. (NYSE:CVE) finished Wednesday with a subtraction of -$0.19 to close at $11.26, a downside of -1.66 percent. An average of 10,523,859 shares of common stock have been traded in the last five days. There was a gain of $0.69 in the past week. The last 20 days have seen an average of 10,341,245 shares traded, while the 50-day average volume stands at 8,979,568.
CVE stock has increased by 32.00% in the last month. The company shares reached their 1-month lowest point of $8.18 on 09/20/21. With the stock rallying to its 52-week high on 10/11/21, shares of the company touched a low of $3.15 and a high of $11.83 in 52 weeks. In spite of this, the price is down -4.82% from the 52-week high.
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Cenovus Energy Inc. (CVE) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.70 for the sector. In the last five years, Cenovus Energy Inc.’s PE ratio has ranged between 63.26 and 1.200. The stock’s beta is 3.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.03, the price-to-book (PB) ratio at 1.23, and the price-to-cash flow ratio at 11.12.
Cenovus Energy Inc. pays a $0.06 dividend per share annually. It offers a dividend yield of 0.53%. The company’s most recent quarterly dividend payment took place on Sep. 30, and it was $0.0139 a share, representing a down of -3.6 from $0.0144 last year. Its latest decrease dividend $0.0005 reported on Friday July 30 2021. Dividends have grown by -70.26% each year over the last three years.
Cenovus Energy Inc. will next go ex-dividend on 13-Dec-2021. The next dividend payment Cenovus Energy Inc. will make is expected to be $0.0175.
The quick ratio of Cenovus Energy Inc. for the three months ended June 29 was 0.70, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.67 and a total debt to equity ratio of 0.72 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 55.60% against a 5-year average of 14.7%. Cenovus Energy Inc.’s EBITDA margin for the year ending June 29 is 6.02%, while its operating margin for the same period stands at 2.70%. Its gross profit as reported stood at -$2.06 billion compared to revenue of $9.87 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Cenovus Energy Inc.’s return on assets was 0.20%, compared to 0.1% over the last five years. In the past year, the return on investment has been -6.60%, and the 5-year average is 1.6%. Meanwhile, the return on equity (ROE) for the past 12 months has been 0.40% and the 5-year average holds at 0.2%. For the broader industry, ROE averaged 12.45 over the past year.
For the three-month period that ended June 29, Cenovus Energy Inc. had $7.66 million in cash. The analyst consensus anticipated Cenovus Energy Inc.’s latest quarter earnings to come in at $0.22 per share, but it turned out to be $0.09, a -59.10% surprise. For the quarter, EBITDA amounted to $1.55 billion.
From a technical analysis perspective, let’s take a brief look at Cenovus Energy Inc. (CVE) price momentum. RSI 9-day as of the close on 13 October was 74.74%, suggesting the stock is Overbought, with historical volatility in this time frame at 30.36%.
As of today, CVE’s price is $11.27 +6.53% or $0.69 from its 5-day moving average. CVE is currently trading +23.87% higher than its 20-day SMA and +44.17% higher than its 100-day SMA. However, the stock’s current price level is +33.73% above the SMA50 and +94.81% above the SMA200.
The stochastic %K and %D were 83.72% and 89.03%, respectively, and the average true range (ATR) was 0.45. With the 14-day stochastic at 76.80% and the average true range at 0.43, the RSI (14) stands at 72.98%. The stock has reached 0.48 on the 9-day MACD Oscillator while the 14-day reading was at 0.84.
Morgan Stanley launched coverage on Cenovus Energy Inc. (NYSE: CVE) in its analyst report released on October 07, 2021. The firm assigned the stock a an Overweight rating.The consensus rating for Cenovus Energy Inc. (CVE) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CVE, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 16 others rate it as a “buy”.
What is CVE’s price target for the next 12 months?
Analysts predict a range of price targets between $9.55 and $17.41, with a median target of $13.52. Taking a look at these predictions, the average price target given by analysts for Cenovus Energy Inc. (CVE) stock is $13.68.