The price-to-earnings ratio for Cenovus Energy Inc (NYSE: CVE) is above average at 11.04x, Company’s 36-month beta value is 2.06.Analysts have differing opinions on the stock, with 10 analysts rating it as a “buy,” 9 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for CVE is 1.28B, and currently, short sellers hold a 1.04% ratio of that floaft. The average trading volume of CVE on November 18, 2024 was 8.04M shares.
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CVE) stock’s latest price update
Cenovus Energy Inc (NYSE: CVE) has seen a rise in its stock price by 1.82 in relation to its previous close of 15.62. However, the company has experienced a -0.78% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-07 that CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that the Toronto Stock Exchange (“TSX”) has approved the renewal of the company’s normal course issuer bid (“NCIB”) to purchase up to 127,489,549 common shares during the 12-month period commencing November 11, 2024 and ending November 10, 2025.
CVE’s Market Performance
CVE’s stock has fallen by -0.78% in the past week, with a monthly drop of -6.05% and a quarterly drop of -15.49%. The volatility ratio for the week is 2.56% while the volatility levels for the last 30 days are 2.37% for Cenovus Energy Inc The simple moving average for the last 20 days is -1.99% for CVE stock, with a simple moving average of -14.43% for the last 200 days.
CVE Trading at -4.95% 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 -27.02% of loss for the given period.
Volatility was left at 2.37%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares sank -6.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.60% lower at present.
During the last 5 trading sessions, CVE fell by -0.97%, which changed the moving average for the period of 200-days by +0.28% in comparison to the 20-day moving average, which settled at $16.23. In addition, Cenovus Energy Inc saw -4.00% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CVE
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.17 for the gross margin
The net margin for Cenovus Energy Inc stands at 0.07. The total capital return value is set at 0.08. Equity return is now at value 12.72, with 6.81 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 1.39. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 6.57.
Currently, EBITDA for the company is 10.39 billion with net debt to EBITDA at 0.67. When we switch over and look at the enterprise to sales, we see a ratio of 0.85. The receivables turnover for the company is 18.7for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.59.
Conclusion
In a nutshell, Cenovus Energy Inc (CVE) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
