The stock price of Cenovus Energy Inc (NYSE: CVE) has jumped by 0.39 compared to previous close of 15.34. Despite this, the company has seen a gain of 0.59% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-31 that There is always something on sale, with now being a good time to pick up select names in the energy sector for high yields and value. Cenovus Energy is a Canadian oil and gas giant with integrated operations, offering strong cash flows, disciplined capital allocation, and robust capital returns to shareholders. Plains All American is a large midstream company with extensive infrastructure, strong operational efficiencies, and high yields, benefiting from growth in Permian Basin volumes.
Is It Worth Investing in Cenovus Energy Inc (NYSE: CVE) Right Now?
Cenovus Energy Inc (NYSE: CVE) has a price-to-earnings ratio of 10.68x that is above its average ratio. Additionally, the 36-month beta value for CVE is 2.01. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 10 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for CVE is 1.27B and currently, short sellers hold a 1.40% ratio of that float. The average trading volume of CVE on January 13, 2025 was 7.52M shares.
CVE’s Market Performance
CVE’s stock has seen a 0.59% increase for the week, with a 1.38% rise in the past month and a -12.45% fall in the past quarter. The volatility ratio for the week is 2.66%, and the volatility levels for the past 30 days are at 2.73% for Cenovus Energy Inc. The simple moving average for the past 20 days is 2.78% for CVE’s stock, with a -15.36% simple moving average for the past 200 days.
CVE Trading at -0.75% 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 -29.33% of loss for the given period.
Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 2.66%, as shares surge +1.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.62% lower at present.
During the last 5 trading sessions, CVE rose by +0.59%, which changed the moving average for the period of 200-days by -22.30% in comparison to the 20-day moving average, which settled at $14.98. In addition, Cenovus Energy Inc saw 1.65% 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:
- 0.09 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 0.85. 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 conclusion, Cenovus Energy Inc (CVE) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
