Cenovus Energy Inc (NYSE: CVE) has a price-to-earnings ratio that is above its average at 13.28x. The stock has a 36-month beta value of 2.14. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for CVE is 1.32B, and at present, short sellers hold a 2.14% of that float. On April 15, 2024, the average trading volume of CVE was 11.71M shares.
CVE) stock’s latest price update
Cenovus Energy Inc (NYSE: CVE) has experienced a decline in its stock price by -0.66 compared to its previous closing price of 21.09. However, the company has seen a fall of -2.01% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-12 that Cenovus Energy (CVE) announces a massive $1.5B investment to expand its Toledo and Lima refineries in Ohio, with plans to add 115 jobs and expand its U.S. headquarters.
CVE’s Market Performance
Cenovus Energy Inc (CVE) has experienced a -2.01% fall in stock performance for the past week, with a 13.74% rise in the past month, and a 31.84% rise in the past quarter. The volatility ratio for the week is 2.42%, and the volatility levels for the past 30 days are at 1.94% for CVE. The simple moving average for the last 20 days is 4.07% for CVE’s stock, with a simple moving average of 14.63% for the last 200 days.
CVE Trading at 14.51% 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 -4.34% of loss for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares surge +12.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.48% upper at present.
During the last 5 trading sessions, CVE fell by -2.01%, which changed the moving average for the period of 200-days by +27.28% in comparison to the 20-day moving average, which settled at $20.25. In addition, Cenovus Energy Inc saw 25.83% 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 1.13. 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
To sum up, Cenovus Energy Inc (CVE) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
