Cenovus Energy Inc. (NYSE:CVE) went up by 4.20% from its latest closing price compared to the recent 1-year high of $9.27. The company’s stock price has collected 6.52% of gains in the last five trading sessions. Press Release reported on 02/09/21 that Cenovus reports 2020 fourth-quarter and full-year results
Is It Worth Investing in Cenovus Energy Inc. (NYSE :CVE) Right Now?
Plus, the 36-month beta value for CVE is at 3.22. Opinions of the stock are interesting as 10 analysts out of 21 who provided ratings for Cenovus Energy Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 8 rated it as “hold,” and 2 as “sell.”
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The average price from analysts is $7.92, which is $3.66 above the current price. CVE currently public float of 1.26B and currently shorts hold a 1.27% ratio of that float. Today, the average trading volume of CVE was 9.56M shares.
CVE’s Market Performance
CVE stocks went up by 6.52% for the week, with a monthly jump of 17.29% and a quarterly performance of 54.62%, while its annual performance rate touched -20.46%. The volatility ratio for the week stands at 3.98% while the volatility levels for the past 30 days are set at 4.75% for Cenovus Energy Inc.. The simple moving average for the period of the last 20 days is 13.34% for CVE stocks with a simple moving average of 47.42% for the last 200 days.
Analysts’ Opinion of CVE
Goldman, on the other hand, stated in their research note that they expect to see CVE reach a price target of $9. The rating they have provided for CVE stocks is “Buy” according to the report published on January 14th, 2021.
CVE Trading at 15.61% from the 50-Day Moving Average
After a stumble in the market that brought CVE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.40% of loss for the given period.
Volatility was left at 4.75%, however, over the last 30 days, the volatility rate increased by 3.98%, as shares surge +22.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.33% upper at present.
During the last 5 trading sessions, CVE rose by +6.52%, which changed the moving average for the period of 200-days by +101.97% in comparison to the 20-day moving average, which settled at $6.41. In addition, Cenovus Energy Inc. saw 19.04% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CVE
Current profitability levels for the company are sitting at:
- -12.19 for the present operating margin
- -9.99 for the gross margin
The net margin for Cenovus Energy Inc. stands at -17.99. The total capital return value is set at -5.99, while invested capital returns managed to touch -8.92. Equity return is now at value -13.80, with -7.20 for asset returns.
Based on Cenovus Energy Inc. (CVE), the company’s capital structure generated 55.78 points at debt to equity in total, while total debt to capital is 35.81. Total debt to assets is 27.67, with long-term debt to equity ratio resting at 53.95. Finally, the long-term debt to capital ratio is 34.63.
When we switch over and look at the enterprise to sales, we see a ratio of 1.40, with the company’s debt to enterprise value settled at 0.50. The receivables turnover for the company is 9.98 and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.