Currently, there are 1.82B 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 -5.94% and -10.28% over the past three months. CVE shares are trading -4.95% year to date (YTD), with the 12-month market performance down to -17.31% lower. It has a 12-month low price of $13.76 and touched a high of $21.79 over the same period. CVE has an average intraday trading volume of 9.25 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 -3.78%, -3.88%, and -17.04% respectively.
Institutional ownership of Cenovus Energy Inc (NYSE: CVE) shares accounts for 50.86% of the company’s 1.82B shares outstanding.
It has a market capitalization of $26.26B and a beta (3y monthly) value of 2.00. The stock’s trailing 12-month PE ratio is 11.95, while the earnings-per-share (ttm) stands at $1.21. The company has a PEG of 0.54 and a Quick Ratio of 0.81 with the debt-to-equity ratio at 0.36. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.81% over the week and 3.30% over the month.
Analysts forecast that Cenovus Energy Inc (CVE) will achieve an EPS of 0.27 for the current quarter, 0.28 for the next quarter and 1.9 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.27 while analysts give the company a high EPS estimate of 0.27. Comparatively, EPS for the current quarter was 0.51 a year ago. Earnings per share for the fiscal year are expected to increase by 29.79%, and 16.07% over the next financial year. EPS should grow at an annualized rate of 22.30% over the next five years, compared to -1.85% over the past 5-year period.
Goldman on their part issued Buy rating on June 06, 2023.
