Cenovus Energy Inc (NYSE: CVE) has a price-to-earnings ratio of 13.55x that is above its average ratio. Additionally, the 36-month beta value for CVE is 2.13. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
The public float for CVE is 1.32B and currently, short sellers hold a 2.14% ratio of that float. The average trading volume of CVE on April 08, 2024 was 11.70M shares.
CVE) stock’s latest price update
Cenovus Energy Inc (NYSE: CVE) has experienced a rise in its stock price by 1.28 compared to its previous closing price of 21.11. However, the company has seen a gain of 6.95% in its stock price over the last five trading days. InvestorPlace reported 2024-03-26 that Energy stocks – particularly those focused on natural gas – look particularly interesting at the moment. natural gas prices plunged by 62% in 2023.
CVE’s Market Performance
Cenovus Energy Inc (CVE) has experienced a 6.95% rise in stock performance for the past week, with a 19.71% rise in the past month, and a 30.37% rise in the past quarter. The volatility ratio for the week is 2.10%, and the volatility levels for the past 30 days are at 1.91% for CVE. The simple moving average for the last 20 days is 11.04% for CVE’s stock, with a simple moving average of 17.80% for the last 200 days.
CVE Trading at 20.44% 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 able to rebound, for now settling with 0.05% of gains for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares surge +19.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +38.47% upper at present.
During the last 5 trading sessions, CVE rose by +6.95%, which changed the moving average for the period of 200-days by +30.37% in comparison to the 20-day moving average, which settled at $19.43. In addition, Cenovus Energy Inc saw 28.41% 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:
- 0.11 for the present operating margin
- 0.2 for the gross margin
The net margin for Cenovus Energy Inc stands at 0.08. The total capital return value is set at 0.12. Equity return is now at value 14.49, with 7.43 for asset returns.
Based on Cenovus Energy Inc (CVE), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 0.97. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 8.5.
Currently, EBITDA for the company is 10.27 billion with net debt to EBITDA at 0.74. When we switch over and look at the enterprise to sales, we see a ratio of 1.14. The receivables turnover for the company is 17.12for trailing twelve months and the total asset turnover is 1.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.
Conclusion
In conclusion, Cenovus Energy Inc (CVE) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
