The stock of Cenovus Energy Inc (NYSE: CVE) has decreased by -0.34 when compared to last closing price of 14.69.Despite this, the company has seen a gain of 2.02% in its stock price over the last five trading days. zacks.com reported 2024-12-19 that FRO, DHT and CVE have been added to the Zacks Rank #5 (Strong Sell) List on November 19, 2024.
Is It Worth Investing in Cenovus Energy Inc (NYSE: CVE) Right Now?
Cenovus Energy Inc (NYSE: CVE) has a higher price-to-earnings ratio of 10.16x compared to its average ratio, The 36-month beta value for CVE is at 2.03. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 9 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CVE is 1.27B, and currently, shorts hold a 1.05% of that float. The average trading volume for CVE on December 30, 2024 was 7.81M shares.
CVE’s Market Performance
CVE’s stock has seen a 2.02% increase for the week, with a -5.43% drop in the past month and a -12.02% fall in the past quarter. The volatility ratio for the week is 2.23%, and the volatility levels for the past 30 days are at 2.62% for Cenovus Energy Inc The simple moving average for the past 20 days is -2.77% for CVE’s stock, with a -20.19% simple moving average for the past 200 days.
CVE Trading at -7.13% 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 -32.82% of loss for the given period.
Volatility was left at 2.62%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares sank -6.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.17% lower at present.
During the last 5 trading sessions, CVE rose by +2.02%, which changed the moving average for the period of 200-days by -20.52% in comparison to the 20-day moving average, which settled at $15.06. In addition, Cenovus Energy Inc saw -11.64% 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:
- 0.09 for the present operating margin
- 0.12 for the gross margin
The net margin for Cenovus Energy Inc stands at 0.07. The total capital return value is set at 0.1. 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 8.19.
Currently, EBITDA for the company is 10.39 billion with net debt to EBITDA at 0.66. When we switch over and look at the enterprise to sales, we see a ratio of 0.81. 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 conclusion, Cenovus Energy Inc (CVE) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
