During the recent session, Cenovus Energy Inc (NYSE:CVE)’s traded shares were 4.94 million, with the beta value of the company hitting 2.06. At the last check today, the stock’s price was $15.96, reflecting an intraday loss of -4.26% or -$0.71. The 52-week high for the CVE share is $21.79, that puts it down -36.53 from that peak though still a striking 8.4% gain since the share price plummeted to a 52-week low of $14.62. The company’s market capitalization is $41.19B, and the average intraday trading volume over the past 10 days was 6.12 million shares, and the average trade volume was 7.94 million shares over the past three months.
Cenovus Energy Inc (CVE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.15. CVE has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.32.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Cenovus Energy Inc (NYSE:CVE) trade information
Cenovus Energy Inc (CVE) registered a -4.26% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.26% in intraday trading to $15.96, hitting a weekly high. The stock’s 5-day price performance is -4.66%, and it has moved by -7.32% in 30 days. Based on these gigs, the overall price performance for the year is -15.94%. The short interest in Cenovus Energy Inc (NYSE:CVE) is 13.4 million shares and it means that shorts have 1.86 day(s) to cover.
The consensus price target of analysts on Wall Street is $31, which implies an increase of 48.52% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $31 and $31 respectively. As a result, CVE is trading at a discount of -94.24% off the target high and -94.24% off the low.
Cenovus Energy Inc (CVE) estimates and forecasts
Statistics show that Cenovus Energy Inc has outperformed its competitors in share price, compared to the industry in which it operates. Cenovus Energy Inc (CVE) shares have gone down -22.03% during the last six months, with a year-to-date growth rate more than the industry average at 6.37% against -4.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -55.60% this quarter and then jump 17.20% in the quarter after that. In the rating firms’ projections, revenue will increase 8.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 10.16B as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 10.61B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 11.54B and 9.61B respectively. In this case, analysts expect current quarter sales to shrink by -11.90% and then jump by 10.50% in the coming quarter.
While earnings are projected to return -1.44% in 2024, the next five years will return 17.44% per annum.
CVE Dividends
Cenovus Energy Inc is due to release its next quarterly earnings on 2024-Oct-31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Cenovus Energy Inc is 0.47, with the dividend yield indicating at 2.95 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.71%.
Cenovus Energy Inc (NYSE:CVE)’s Major holders
Cenovus Energy Inc insiders own 32.17% of total outstanding shares while institutional holders control 53.88%, with the float percentage being 79.43%. CAPITAL WORLD INVESTORS is the largest shareholder of the company, while 610.0 institutions own stock in it. As of 2024-06-30, the company held over 125.42 million shares (or 6.715% of all shares), a total value of $2.47 billion in shares.
The next largest institutional holding, with 88.45 million shares, is of CAPITAL RESEARCH GLOBAL INVESTORS’s that is approximately 4.7355% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.74 billion.
