Cenovus Energy Inc (NYSE: CVE) on Tuesday, soared 0.30% from the previous trading day, before settling in for the closing price of $16.91. Within the past 52 weeks, CVE’s price has moved between $14.62 and $21.79.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 48.28%. The company achieved an average annual earnings per share of -0.22%. With a float of $1.30 billion, this company’s outstanding shares have now reached $1.87 billion.
Considering the fact that the conglomerate employs 6925 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 17.54%, operating margin of 12.21%, and the pretax margin is 10.85%.
Cenovus Energy Inc (CVE) Breakdown of a Key Holders of the stock
Observing investor behavior towards Oil & Gas Integrated industry stocks is more important than anything else. The insider ownership of Cenovus Energy Inc is 29.77%, while institutional ownership is 53.84%.
Cenovus Energy Inc (CVE) Recent Fiscal highlights
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.72 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.75) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.34 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -0.22% per share during the next fiscal year.
Cenovus Energy Inc (NYSE: CVE) Trading Performance Indicators
Cenovus Energy Inc (CVE) is currently performing well based on its current performance indicators. A quick ratio of 1.00 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.76. Likewise, its price to free cash flow for the trailing twelve months is 7.08.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.86, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 1.61 in one year’s time.
Technical Analysis of Cenovus Energy Inc (CVE)
Compared to the last year’s volume of 8.92 million, its volume of 5.37 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 18.10%. Additionally, its Average True Range was 0.45.
During the past 100 days, Cenovus Energy Inc’s (CVE) raw stochastic average was set at 22.41%, which indicates a significant increase from 13.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.25% in the past 14 days, which was lower than the 32.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.65, while its 200-day Moving Average is $18.58. Nevertheless, the first resistance level for the watch stands at $17.07 in the near term. At $17.19, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.34. If the price goes on to break the first support level at $16.80, it is likely to go to the next support level at $16.65. Now, if the price goes above the second support level, the third support stands at $16.53.
Cenovus Energy Inc (NYSE: CVE) Key Stats
Market capitalization of the company is 31.48 billion based on 1,859,373K outstanding shares. Right now, sales total 38,673 M and income totals 3,044 M. The company made 10,876 M in profit during its latest quarter, and 730,700 K in sales during its previous quarter.
