Currently, there are 1.83B common shares owned by the public and among those 1.27B shares have been available to trade.
The company’s stock has a 5-day price change of -1.35% and -15.55% over the past three months. CVE shares are trading -11.52% year to date (YTD), with the 12-month market performance down to -11.62% lower. It has a 12-month low price of $14.20 and touched a high of $21.79 over the same period. CVE has an average intraday trading volume of 8.08 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.59%, -7.85%, and -20.29% respectively.
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Institutional ownership of Cenovus Energy Inc (NYSE: CVE) shares accounts for 52.76% of the company’s 1.83B shares outstanding.
It has a market capitalization of $26.78B and a beta (3y monthly) value of 2.03. The stock’s trailing 12-month PE ratio is 10.17, while the earnings-per-share (ttm) stands at $1.44. The company has a PEG of 0.42 and a Quick Ratio of 0.95 with the debt-to-equity ratio at 0.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.82% over the week and 2.76% over the month.
Earnings per share for the fiscal year are expected to decrease by -7.73%, and -6.13% over the next financial year.
UBS was of a view on July 12, 2023 that the stock is Neutral, while Goldman gave the stock Buy rating on June 06, 2023, issuing a price target of $20- $22. Scotiabank on their part issued Sector Perform rating on April 14, 2023.
