In last trading session, Cenovus Energy Inc (NYSE:CVE) saw 12.89 million shares changing hands with its beta currently measuring 0.94. Company’s recent per share price level of $13.81 trading at $0.17 or 1.25% at ring of the bell on the day assigns it a market valuation of $25.05B. That closing price of CVE’s stock is at a discount of -50.33% from its 52-week high price of $20.76 and is indicating a premium of 25.92% 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 15.95 million shares which gives us an average trading volume of 12.54 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 1.38. 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.
Cenovus Energy Inc (NYSE:CVE) trade information
Upright in the green during last session for gaining 1.25%, in the last five days CVE remained trading in the red while hitting it’s week-highest on Friday, 06/20/25 when the stock touched $13.81 price level, adding 6.69% to its value on the day. Cenovus Energy Inc’s shares saw a change of -28.26% in year-to-date performance and have moved -5.67% in past 5-day. Cenovus Energy Inc (NYSE:CVE) showed a performance of 1.69% in past 30-days. Number of shares sold short was 50.28 million shares which calculate 1.38 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 55.45% to its current value. 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 -124.48% in reaching the projected high whereas dropping to the targeted low would mean a loss of -124.48% for stock’s current value.
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 -13.66% while estimates for its earnings growth in next 5 years are of 18.80%.
CVE Dividends
Cenovus Energy Inc is more likely to be releasing its next quarterly report on 2025-May-08 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 3.84%, the share has a forward dividend of 0.53 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.88%.
Cenovus Energy Inc (NYSE:CVE)’s Major holders
Insiders are in possession of 30.67% of company’s total shares while institution are holding 52.40 percent of that, with stock having share float percentage of 75.57%. Investors also watch the number of corporate investors in a company very closely, which is 52.40% 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.
