Cenovus Energy Inc (NYSE: CVE) on Tuesday, soared 0.42% from the previous trading day, before settling in for the closing price of $14.30. Within the past 52 weeks, CVE’s price has moved between $12.07 and $21.79.
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A company in the Energy sector has jumped its sales by 49.85% annually for the last half of the decade. The company achieved an average annual earnings per share of 19.40%. With a float of $1.27 billion, this company’s outstanding shares have now reached $1.82 billion.
In an organization with 7150 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 19.34%, operating margin of 7.11%, and the pretax margin is 7.04%.
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 30.32%, while institutional ownership is 50.90%.
Cenovus Energy Inc (CVE) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.26 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 19.40% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.05% during the next five years compared to -1.85% drop over the previous five years of trading.
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 0.81 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 0.66. Likewise, its price to free cash flow for the trailing twelve months is 8.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.21, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 1.73 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 9.14 million. That was inferior than the volume of 11.39 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 91.43%. Additionally, its Average True Range was 0.44.
During the past 100 days, Cenovus Energy Inc’s (CVE) raw stochastic average was set at 48.82%, which indicates a significant decrease from 91.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.10% in the past 14 days, which was lower than the 31.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.31, while its 200-day Moving Average is $16.64. However, in the short run, Cenovus Energy Inc’s stock first resistance to watch stands at $14.53. Second resistance stands at $14.71. The third major resistance level sits at $14.84. If the price goes on to break the first support level at $14.22, it is likely to go to the next support level at $14.09. Assuming the price breaks the second support level, the third support level stands at $13.91.
Cenovus Energy Inc (NYSE: CVE) Key Stats
Market capitalization of the company is 26.19 billion based on 1,823,115K outstanding shares. Right now, sales total 39,611 M and income totals 2,293 M. The company made 8,359 M in profit during its latest quarter, and 89,500 K in sales during its previous quarter.
