In the latest trading session,, 1.15 million Cenovus Energy Inc (NYSE:CVE) shares changed hands as the company’s beta touched 0.96. With the company’s most recent per share price at $13.41 changed hands at -$0.13 or -0.96% at last look, the market valuation stands at $24.45B. CVE’s current price is a discount, trading about -57.2% off its 52-week high of $21.08. The share price had its 52-week low at $10.23, which suggests the last value was 23.71% up since then. When we look at Cenovus Energy Inc’s average trading volume, we note the 10-day average is 13.43 million shares, with the 3-month average coming to 11.77 million.
Analysts gave the Cenovus Energy Inc (CVE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.40. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended CVE as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Cenovus Energy Inc’s EPS for the current quarter is expected to be 0.21.
Cenovus Energy Inc (NYSE:CVE) trade information
Instantly CVE was in red as seen in intraday trades today. With action -3.73%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -11.49%, with the 5-day performance at -3.73% in the red. However, in the 30-day time frame, Cenovus Energy Inc (NYSE:CVE) is 12.78% up. Looking at the short shares, we see there were 17.1 million shares sold at short interest cover period of 1.6 days.
The consensus price target for the stock as assigned by Wall Street analysts is 31, meaning bulls need an upside of 56.74% from its recent market value. According to analyst projections, CVE’s forecast low is 31 with 31 as the target high. To hit the forecast high, the stock’s price needs a -131.17% plunge from its current level, while the stock would need to soar -131.17% for it to hit the projected low.
Cenovus Energy Inc (CVE) estimates and forecasts
Year-over-year growth is forecast to reach -8.07% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 9.72B. 1 analysts are of the opinion that Cenovus Energy Inc’s revenue for the current quarter will be 10.13B. The company’s revenue for the corresponding quarters a year ago was 17.77B and 15.18B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -45.29%. The estimates for the next quarter sales put growth at -33.25%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -1.85%. The 2025 estimates are for Cenovus Energy Inc earnings to decrease by -12.78%, but the outlook for the next 5-year period is at 19.85% per year.
CVE Dividends
Cenovus Energy Inc is expected to release its next quarterly earnings report on 2025-May-07. The 3.84% annual yield figure for the share gives it an annual dividend of 0.51. It is important to note, however, that the 3.84% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.87 per year.
Cenovus Energy Inc (NYSE:CVE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 30.88% of Cenovus Energy Inc shares while 51.77% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 74.90%. There are 51.77% institutions holding the Cenovus Energy Inc stock share, with CAPITAL WORLD INVESTORS the top institutional holder. As of 2024-06-30, the company held 6.7454% of the shares, roughly 125.42 million CVE shares worth $2.47 billion.
CAPITAL RESEARCH GLOBAL INVESTORS holds the second largest percentage of outstanding shares, with 4.7569% or 88.45 million shares worth $1.74 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were EUROPACIFIC GROWTH FUND and AMERICAN BALANCED FUND . With 49.92 shares estimated at $669.4 million under it, the former controlled 2.74% of total outstanding shares. On the other hand, AMERICAN BALANCED FUND held about 2.24% of the shares, roughly 40.76 shares worth around $546.59 million.
