A new trading day began on Friday, with Cenovus Energy Inc (NYSE: CVE) stock price up 0.96% from the previous day of trading, before settling in for the closing price of $16.74. CVE’s price has ranged from $14.62 to $21.79 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Energy sector saw sales topped by 48.28%. Meanwhile, its annual earnings per share averaged -0.54%. With a float of $1.30 billion, this company’s outstanding shares have now reached $1.87 billion.
The extent of productivity of a business whose workforce counts for 6925 workers is very important to gauge. 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) Insider Updates
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 29.77%, while institutional ownership is 53.24%.
Cenovus Energy Inc (CVE) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -0.54% per share during the next fiscal year.
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 1.00. 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 7.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.86, a number that is poised to hit 0.33 in the next quarter and is forecasted to reach 1.61 in one year’s time.
Technical Analysis of Cenovus Energy Inc (CVE)
The latest stats from [Cenovus Energy Inc, CVE] show that its last 5-days average volume of 5.75 million was inferior to 8.87 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 27.84%. Additionally, its Average True Range was 0.42.
During the past 100 days, Cenovus Energy Inc’s (CVE) raw stochastic average was set at 21.78%, which indicates a significant decrease from 26.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.88% in the past 14 days, which was lower than the 30.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.49, while its 200-day Moving Average is $18.58. Now, the first resistance to watch is $16.99. This is followed by the second major resistance level at $17.07. The third major resistance level sits at $17.17. 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 $16.70. Assuming the price breaks the second support level, the third support level stands at $16.61.
Cenovus Energy Inc (NYSE: CVE) Key Stats
With a market capitalization of 31.37 billion, the company has a total of 1,859,373K Shares Outstanding. Currently, annual sales are 38,673 M while annual income is 3,044 M. The company’s previous quarter sales were 10,876 M while its latest quarter income was 730,700 K.
