Cenovus Energy Inc (NYSE:CVE) has a beta value of 0.95 and has seen 10.59 million shares traded in the last trading session. The company, currently valued at $24.27B, closed the last trade at $13.38 per share which meant it gained $0.2 on the day or 1.52% during that session. The CVE stock price is -56.13% off its 52-week high price of $20.89 and 23.54% above the 52-week low of $10.23.
The consensus among analysts is that Cenovus Energy Inc (CVE) is Buy stock at the moment, with a recommendation rating of 1.38. 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 0.14.
Cenovus Energy Inc (NYSE:CVE) trade information
Over the past 30 days, the shares of Cenovus Energy Inc (NYSE:CVE) have changed 11.78%.
Wall Street analysts have a consensus price target for the stock at $31, which means that the shares’ value could jump 56.84% from current levels. 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 current price level is -131.69% off the targeted high while a plunge would see the stock gain -131.69% from current levels.
Cenovus Energy Inc (CVE) estimates and forecasts
The company’s shares have lost -13.57% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -4.78%.
1 analysts offering their estimates for the company have set an average revenue estimate of 10.64B for the current quarter. 1 have an estimated revenue figure of 10.68B for the next ending quarter. Year-ago sales stood 17.77B and 15.18B respectively for this quarter and the next, and analysts expect sales will shrink by -40.10% for the current quarter and -4.78% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -1.85% over the past 5 years. Earnings growth for 2025 is a modest -13.66% while over the next 5 years, the company’s earnings are expected to increase by 18.80%.
CVE Dividends
Cenovus Energy Inc is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.51 at a share yield of 3.85%. The company’s dividend yield has gone up over the past 12 months.
Cenovus Energy Inc (NYSE:CVE)’s Major holders
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 6.7454% 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 4.7569% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are EUROPACIFIC GROWTH FUND and AMERICAN BALANCED FUND . As of Mar 31, 2025 , the former fund manager holds about 2.74% shares in the company for having 49.92 shares of worth $667.9 million while later fund manager owns 40.76 shares of worth $545.37 million as of Mar 31, 2025 , which makes it owner of about 2.24% of company’s outstanding stock.
