Cenovus Energy Inc (NYSE: CVE) on Tuesday, soared 0.98% from the previous trading day, before settling in for the closing price of $15.31. Within the past 52 weeks, CVE’s price has moved between $13.76 and $21.79.
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Annual sales at Energy sector company grew by 61.71% over the past five years. The company achieved an average annual earnings per share of -16.29%. 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
Observing investor behavior towards Oil & Gas Integrated industry stocks is more important than anything else. The insider ownership of Cenovus Energy Inc is 30.31%, while institutional ownership is 50.86%.
Cenovus Energy Inc (CVE) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.35 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -16.29% 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 0.69. Likewise, its price to free cash flow for the trailing twelve months is 7.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.44, a number that is poised to hit 0.16 in the next quarter and is forecasted to reach 1.50 in one year’s time.
Technical Analysis of Cenovus Energy Inc (CVE)
Cenovus Energy Inc (NYSE: CVE) saw its 5-day average volume 8.1 million, a negative change from its year-to-date volume of 10.62 million. As of the previous 9 days, the stock’s Stochastic %D was 78.85%. Additionally, its Average True Range was 0.47.
During the past 100 days, Cenovus Energy Inc’s (CVE) raw stochastic average was set at 35.02%, which indicates a significant decrease from 89.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.30% in the past 14 days, which was higher than the 28.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.01, while its 200-day Moving Average is $17.47. Nevertheless, the first resistance level for the watch stands at $15.59 in the near term. At $15.71, the stock is likely to face the second major resistance level. The third major resistance level sits at $15.88. If the price goes on to break the first support level at $15.30, it is likely to go to the next support level at $15.13. Assuming the price breaks the second support level, the third support level stands at $15.01.
Cenovus Energy Inc (NYSE: CVE) Key Stats
Market capitalization of the company is 28.24 billion based on 1,823,998K outstanding shares. Right now, sales total 38,673 M and income totals 3,044 M. The company made 10,445 M in profit during its latest quarter, and 601,060 K in sales during its previous quarter.
