Cenovus Energy Inc (NYSE: CVE) kicked off on Friday, up 1.48% from the previous trading day, before settling in for the closing price of $14.84. Over the past 52 weeks, CVE has traded in a range of $14.20-$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 61.71%. While this was happening, its average annual earnings per share was recorded -13.88%. With a float of $1.27 billion, this company’s outstanding shares have now reached $1.83 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 17.05%, operating margin of 9.15%, and the pretax margin is 8.67%.
Cenovus Energy Inc (CVE) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Integrated Industry. The insider ownership of Cenovus Energy Inc is 30.23%, while institutional ownership is 52.85%.
Cenovus Energy Inc (CVE) Earnings and Forecasts
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 -13.88% per share during the next fiscal year.
Cenovus Energy Inc (NYSE: CVE) Trading Performance Indicators
Take a look at Cenovus Energy Inc’s (CVE) current performance indicators. Last quarter, stock had a quick ratio of 0.95. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.67. Likewise, its price to free cash flow for the trailing twelve months is 6.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.44, a number that is poised to hit 0.20 in the next quarter and is forecasted to reach 1.37 in one year’s time.
Technical Analysis of Cenovus Energy Inc (CVE)
Compared to the last year’s volume of 9.94 million, its volume of 11.38 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 27.23%. Additionally, its Average True Range was 0.42.
During the past 100 days, Cenovus Energy Inc’s (CVE) raw stochastic average was set at 15.82%, which indicates a significant decrease from 36.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.34% in the past 14 days, which was lower than the 27.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.40, while its 200-day Moving Average is $18.09. Nevertheless, the first resistance level for the watch stands at $15.21 in the near term. At $15.37, the stock is likely to face the second major resistance level. The third major resistance level sits at $15.62. If the price goes on to break the first support level at $14.81, it is likely to go to the next support level at $14.56. Should the price break the second support level, the third support level stands at $14.40.
Cenovus Energy Inc (NYSE: CVE) Key Stats
The company with the Market Capitalisation of 27.51 billion has total of 1,825,252K Shares Outstanding. Its annual sales at the moment are 38,673 M in contrast with the sum of 3,044 M annual income. Company’s last quarter sales were recorded 10,445 M and last quarter income was 601,060 K.
