A new trading day began on November 20, 2023, with Cenovus Energy Inc (NYSE: CVE) stock priced at $18.25, up 0.50% from the previous day of trading. During the day, the shares moved up to $18.305 and dropped to $18.06 before settling in for the closing price of $18.07. CVE’s price has ranged from $14.97 to $21.37 over the past 52 weeks.
Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 57.72%. Meanwhile, its annual earnings per share averaged -20.72%. With a float of $1.34 billion, this company’s outstanding shares have now reached $1.91 billion.
Considering the fact that the conglomerate employs 5998 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +16.98, operating margin of +15.69, and the pretax margin is +13.03.
Cenovus Energy Inc (CVE) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Integrated Industry. The insider ownership of Cenovus Energy Inc is 29.12%, while institutional ownership is 56.62%.
Cenovus Energy Inc (CVE) Recent Fiscal highlights
In its latest quarterly report, released on 9/29/2023, the company reported earnings of $0.71 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +9.64 while generating a return on equity of 25.21. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.48 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -20.72% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -8.41% during the next five years compared to 8.28% growth over the previous five years of trading.
Cenovus Energy Inc (NYSE: CVE) Trading Performance Indicators
Here are Cenovus Energy Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.87. Likewise, its price to free cash flow for the trailing twelve months is 16.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.58, a number that is poised to hit 0.60 in the next quarter and is forecasted to reach 2.52 in one year’s time.
Technical Analysis of Cenovus Energy Inc (CVE)
Compared to the last year’s volume of 7.52 million, its volume of 7.66 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 53.88%. Additionally, its Average True Range was 0.55.
During the past 100 days, Cenovus Energy Inc’s (CVE) raw stochastic average was set at 33.40%, which indicates a significant decrease from 38.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.71% in the past 14 days, which was higher than the 27.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.70, while its 200-day Moving Average is $18.23. Nevertheless, the first resistance level for the watch stands at $18.29 in the near term. At $18.42, the stock is likely to face the second major resistance level. The third major resistance level sits at $18.54. If the price goes on to break the first support level at $18.05, it is likely to go to the next support level at $17.93. Now, if the price goes above the second support level, the third support stands at $17.80.
Cenovus Energy Inc (NYSE: CVE) Key Stats
With a market capitalization of 34.44 billion, the company has a total of 1,885,469K Shares Outstanding. Currently, annual sales are 51,457 M while annual income is 4,961 M. The company’s previous quarter sales were 10,864 M while its latest quarter income was 1,389 M.