Cenovus Energy Inc (NYSE:CVE) has a beta value of 2.04 and has seen 5.99 million shares traded in the recent trading session. The company, currently valued at $28.46B, closed the recent trade at $15.58 per share which meant it lost -$0.26 on the day or -1.65% during that session. The CVE stock price is -39.86% off its 52-week high price of $21.79 and 6.16% above the 52-week low of $14.62. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.51 million shares traded. The 3-month trading volume is 8.32 million shares.
The consensus among analysts is that Cenovus Energy Inc (CVE) is Buy stock at the moment, with a recommendation rating of 1.15. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 6 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.33.
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
Sporting -1.65% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CVE stock price touched $15.58 or saw a rise of 5.4%. Year-to-date, Cenovus Energy Inc shares have moved -5.98%, while the 5-day performance has seen it change -2.94%. Over the past 30 days, the shares of Cenovus Energy Inc (NYSE:CVE) have changed -6.55%. Short interest in the company has seen 15.04 million shares shorted with days to cover at 1.92.
Wall Street analysts have a consensus price target for the stock at $31, which means that the shares’ value could jump 49.74% from the levels at last check today. The projected low price target is $31.0 while the price target rests at a high of $31.0. In that case, then, we find that the latest price level in today’s session is -98.97% off the targeted high while a plunge would see the stock gain -98.97% from the levels at last check today.
Cenovus Energy Inc (CVE) estimates and forecasts
Figures show that Cenovus Energy Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -24.53% over the past 6 months, with this year growth rate of -3.82%, compared to -4.00% for the industry. Revenue growth from the last financial year stood is estimated to be 15.40%.
1 analysts offering their estimates for the company have set an average revenue estimate of 15.83B for the current quarter.
Earnings growth for 2024 is a modest -5.42% while over the next 5 years, the company’s earnings are expected to increase by 24.00%.
CVE Dividends
Cenovus Energy Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.47 at a share yield of 3.03%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.73%.
Cenovus Energy Inc (NYSE:CVE)’s Major holders
Insiders own 32.22% of the company shares, while shares held by institutions stand at 51.07% with a share float percentage of 75.35%. Investors are also buoyed by the number of investors in a company, with Cenovus Energy Inc having a total of 622.0 institutions that hold shares in the company. The top two institutional holders are CAPITAL WORLD INVESTORS with over 125.42 million shares worth more than $2.47 billion. As of 2024-06-30, CAPITAL WORLD INVESTORS held 6.715% of shares outstanding.
The other major institutional holder is CAPITAL RESEARCH GLOBAL INVESTORS, with the holding of over 88.45 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.74 billion and represent 4.7355% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Europacific Growth Fund and Growth Fund of America Inc. As of Jun 30, 2024, the former fund manager holds about 3.51% shares in the company for having 64.14 shares of worth $1.0 billion while later fund manager owns 43.92 shares of worth $685.14 million as of Sep 30, 2024, which makes it owner of about 2.40% of company’s outstanding stock.
