In recent trading session, Cenovus Energy Inc (NYSE:CVE) saw 1.03 million shares changing hands at last check today with its beta currently measuring 0.99. Company’s recent per share price level of $12.13 trading at $0.16 or 1.34% at last check today assigns it a market valuation of $22.12B. That most recent trading price of CVE’s stock is at a discount of -77.0% from its 52-week high price of $21.47 and is indicating a premium of 15.66% from its 52-week low price of $10.23. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 10.48 million shares which gives us an average trading volume of 11.47 million if we extend that period to 3-months.
For Cenovus Energy Inc (CVE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.25. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.3 in the current quarter.
Cenovus Energy Inc (NYSE:CVE) trade information
Upright in the green today for gaining 1.34%, in the last five days CVE remained trading in the green while hitting it’s week-highest on Wednesday, 04/23/25 when the stock touched $12.13 price level, adding 3.04% to its value on the day. Cenovus Energy Inc’s shares saw a change of -19.93% in year-to-date performance and have moved 4.03% in past 5-day. Cenovus Energy Inc (NYSE:CVE) showed a performance of -15.53% in past 30-days. Number of shares sold short was 36.67 million shares which calculate 3.19 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 31 to the stock, which implies a rise of 60.87% to its recent value today. Analysts have been projecting 31 as a low price target for the stock while placing it at a high target of 31. It follows that stock’s current price would drop -155.56% in reaching the projected high whereas dropping to the targeted low would mean a loss of -155.56% for stock’s current value.
Cenovus Energy Inc (CVE) estimates and forecasts
This year revenue growth is estimated to fall -7.70% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 12.39B for the same. And 1 analysts are in estimates of company making revenue of 11.13B in the next quarter. Company posted 16.43B and 17.77B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -1.85% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 4.46% while estimates for its earnings growth in next 5 years are of 21.90%.
CVE Dividends
Cenovus Energy Inc is more likely to be releasing its next quarterly report on 2025-Feb-19 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 4.25%, the share has a forward dividend of 0.52 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.86%.
Cenovus Energy Inc (NYSE:CVE)’s Major holders
Insiders are in possession of 30.89% of company’s total shares while institution are holding 50.08 percent of that, with stock having share float percentage of 72.46%. Investors also watch the number of corporate investors in a company very closely, which is 50.08% institutions for Cenovus Energy Inc that are currently holding shares of the company. CAPITAL WORLD INVESTORS is the top institutional holder at CVE for having 125.42 million shares of worth $2.47 billion. And as of 2024-06-30, it was holding 6.7454 of the company’s outstanding shares.
The second largest institutional holder is CAPITAL RESEARCH GLOBAL INVESTORS, which was holding about 88.45 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.7569 of outstanding shares, having a total worth of $1.74 billion.
On the other hand, EUROPACIFIC GROWTH FUND and AMERICAN BALANCED FUND are the top two Mutual Funds which own company’s shares. As of Mar 31, 2025 , the former fund manager was holding 49.92 shares of worth $606.0 million or 2.74% of the total outstanding shares. The later fund manager was in possession of 40.76 shares on Mar 31, 2025 , making its stake of worth around $494.83 million in the company or a holder of 2.24% of company’s stock.
