The stock price of Cenovus Energy Inc (NYSE: CVE) has surged by 2.14 when compared to previous closing price of 18.65, but the company has seen a 4.44% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-06-20 that CALGARY, Alberta, June 20, 2024 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE), as a member of Pathways Alliance, today issued the following statement with respect to the Canadian government’s Bill C-59.
Is It Worth Investing in Cenovus Energy Inc (NYSE: CVE) Right Now?
The price-to-earnings ratio for Cenovus Energy Inc (NYSE: CVE) is above average at 10.58x. The 36-month beta value for CVE is also noteworthy at 2.07. 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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for CVE is 1.31B, and at present, short sellers hold a 2.78% of that float. The average trading volume of CVE on June 24, 2024 was 8.10M shares.
CVE’s Market Performance
The stock of Cenovus Energy Inc (CVE) has seen a 4.44% increase in the past week, with a -4.61% drop in the past month, and a -1.11% fall in the past quarter. The volatility ratio for the week is 2.03%, and the volatility levels for the past 30 days are at 2.42% for CVE. The simple moving average for the past 20 days is -1.79% for CVE’s stock, with a 2.30% simple moving average for the past 200 days.
CVE Trading at -5.26% 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 -12.58% of loss for the given period.
Volatility was left at 2.42%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares sank -4.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.05% lower at present.
During the last 5 trading sessions, CVE rose by +4.00%, which changed the moving average for the period of 200-days by -6.74% in comparison to the 20-day moving average, which settled at $19.35. In addition, Cenovus Energy Inc saw 14.98% 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:
- 0.12 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 0.14. Equity return is now at value 16.20, with 8.57 for asset returns.
Based on Cenovus Energy Inc (CVE), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 1.28. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 10.02.
Currently, EBITDA for the company is 10.27 billion with net debt to EBITDA at 0.64. When we switch over and look at the enterprise to sales, we see a ratio of 1.01. The receivables turnover for the company is 13.77for trailing twelve months and the total asset turnover is 1.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.70.
Conclusion
In summary, Cenovus Energy Inc (CVE) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
