In the last trading session, 13.08 million Cenovus Energy Inc (NYSE:CVE) shares changed hands as the company’s beta touched 0.95. With the company’s per share price at $14.04 changed hands at $0.31 or 2.26% during last session, the market valuation stood at $25.47B. CVE’s last price was a discount, traded about -47.86% off its 52-week high of $20.76. The share price had its 52-week low at $10.23, which suggests the last value was 27.14% up since then.
Analysts gave the Cenovus Energy Inc (CVE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.38. 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 0.14.
Cenovus Energy Inc (NYSE:CVE) trade information
Instantly CVE was in green as seen at the end of in last trading. With action 3.46%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -7.33%, with the 5-day performance at 3.46% in the green. However, in the 30-day time frame, Cenovus Energy Inc (NYSE:CVE) is 6.04% up.
The consensus price target for the stock as assigned by Wall Street analysts is 31, meaning bulls need an upside of 54.71% from its current 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 -120.8% plunge from its current level, while the stock would need to soar -120.8% for it to hit the projected low.
Cenovus Energy Inc (CVE) estimates and forecasts
Year-over-year growth is forecast to reach -4.78% 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 10.64B. 1 analysts are of the opinion that Cenovus Energy Inc’s revenue for the current quarter will be 10.68B. 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 -40.10%. The estimates for the next quarter sales put growth at -29.65%.
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 -13.66%, but the outlook for the next 5-year period is at 18.80% per year.
CVE Dividends
Cenovus Energy Inc is expected to release its next quarterly earnings report in July. The 3.67% annual yield figure for the share gives it an annual dividend of 0.51. It is important to note, however, that the 3.67% 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.
Cenovus Energy Inc (NYSE:CVE)’s Major holders
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 $700.84 million under it, the former controlled 2.75% of total outstanding shares. On the other hand, AMERICAN BALANCED FUND held about 2.25% of the shares, roughly 40.76 shares worth around $572.27 million.
