On Monday, Cenovus Energy Inc (NYSE: CVE) was 1.66% up from the session before settling in for the closing price of $14.42. A 52-week range for CVE has been $14.20 – $21.79.
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Annual sales at Energy sector company grew by 48.28% over the past five years. When this article was written, the company’s average yearly earnings per share was at -7.73%. With a float of $1.27 billion, this company’s outstanding shares have now reached $1.83 billion.
Let’s look at the performance matrix of the company that is accounted for 6925 employees. In terms of profitability, gross margin is 17.05%, operating margin of 9.15%, and the pretax margin is 8.67%.
Cenovus Energy Inc (CVE) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Cenovus Energy Inc stocks. The insider ownership of Cenovus Energy Inc is 30.23%, while institutional ownership is 52.76%.
Cenovus Energy Inc (CVE) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.37 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -7.73% per share during the next fiscal year.
Cenovus Energy Inc (NYSE: CVE) Trading Performance Indicators
You can see what Cenovus Energy Inc (CVE) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.95. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.65. Likewise, its price to free cash flow for the trailing twelve months is 6.67.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.44, a number that is poised to hit 0.32 in the next quarter and is forecasted to reach 1.36 in one year’s time.
Technical Analysis of Cenovus Energy Inc (CVE)
Cenovus Energy Inc (NYSE: CVE) saw its 5-day average volume 7.71 million, a negative change from its year-to-date volume of 8.78 million. As of the previous 9 days, the stock’s Stochastic %D was 9.78%. Additionally, its Average True Range was 0.45.
During the past 100 days, Cenovus Energy Inc’s (CVE) raw stochastic average was set at 7.88%, which indicates a significant decrease from 19.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.48% in the past 14 days, which was lower than the 29.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.91, while its 200-day Moving Average is $18.42. Nevertheless, the first resistance level for the watch stands at $14.84 in the near term. At $15.02, the stock is likely to face the second major resistance level. The third major resistance level sits at $15.31. If the price goes on to break the first support level at $14.36, it is likely to go to the next support level at $14.07. Assuming the price breaks the second support level, the third support level stands at $13.89.
Cenovus Energy Inc (NYSE: CVE) Key Stats
There are 1,825,252K outstanding shares of the company, which has a market capitalization of 26.78 billion. As of now, sales total 38,673 M while income totals 3,044 M. Its latest quarter income was 10,445 M while its last quarter net income were 601,060 K.
