Cenovus Energy Inc (NYSE: CVE) on Friday, plunged -2.49% from the previous trading day, before settling in for the closing price of $16.07. Within the past 52 weeks, CVE’s price has moved between $14.62 and $21.79.
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A company in the Energy sector has jumped its sales by 48.28% annually for the last half of the decade. The company achieved an average annual earnings per share of -2.88%. With a float of $1.30 billion, this company’s outstanding shares have now reached $1.87 billion.
In an organization with 6925 employees, it is important to assess its efficiency. 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
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 53.29%.
Cenovus Energy Inc (CVE) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.29 earnings per share (EPS) for the period topping the consensus outlook (set at 0.25) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.29 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -2.88% 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 0.95 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 0.97. Likewise, its price to free cash flow for the trailing twelve months is 9.87.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.44, a number that is poised to hit 0.38 in the next quarter and is forecasted to reach 1.57 in one year’s time.
Technical Analysis of Cenovus Energy Inc (CVE)
Let’s dig in a bit further. During the last 5-days, its volume was 10.09 million. That was better than the volume of 8.9 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 24.11%. Additionally, its Average True Range was 0.48.
During the past 100 days, Cenovus Energy Inc’s (CVE) raw stochastic average was set at 0.72%, which indicates a significant decrease from 2.37% 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 31.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.21, while its 200-day Moving Average is $18.61. However, in the short run, Cenovus Energy Inc’s stock first resistance to watch stands at $16.10. Second resistance stands at $16.53. The third major resistance level sits at $16.77. If the price goes on to break the first support level at $15.44, it is likely to go to the next support level at $15.20. Assuming the price breaks the second support level, the third support level stands at $14.77.
Cenovus Energy Inc (NYSE: CVE) Key Stats
Market capitalization of the company is 39.62 billion based on 1,829,379K 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.
