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Cenovus Energy Inc. (CVE)
20.51  0.08 (0.39%)    07-17 16:00
Open: 20.52
High: 20.74
Volume: 7,223,056
  
Pre. Close: 20.43
Low: 20.29
Market Cap: 38,154(M)
Technical analysis
2024-07-17 5:26:32 PM
Short term     
Mid term     
Targets 6-month :  24.24 1-year :  28.32
Resists First :  20.76 Second :  24.24
Pivot price 19.88
Supports First :  19.06 Second :  18.02
MAs MA(5) :  20.27 MA(20) :  19.64
MA(100) :  19.74 MA(250) :  18.81
MACD MACD :  0.2 Signal :  0
%K %D K(14,3) :  86.4 D(3) :  84
RSI RSI(14): 61.2
52-week High :  21.89 Low :  14.68
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
[ CVE ] has closed below upper band by 11.2%. Bollinger Bands are 20.5% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 20.76 - 20.85 20.85 - 20.92
Low: 20.06 - 20.16 20.16 - 20.25
Close: 20.34 - 20.5 20.5 - 20.64
Company Description

Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region. The company operates through Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segments Foster Creek, Christina Lake, Sunrise, and Tucker oil sands projects, as well as Lloydminster thermal and conventional heavy oil assets The Conventional segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake operating in Alberta and British Columbia, as well as interests in various natural gas processing facilities. The offshore segment engages in the exploration and development activities. The Canadian Manufacturing segment includes the owned and operated Lloydminster upgrading and asphalt refining complex, which upgrades heavy oil and bitumen into synthetic crude oil, diesel fuel, asphalt, and other ancillary products, as well as owns and operates the Bruderheim crude-by-rail terminal and two ethanol plants. The U.S. Manufacturing segment comprises the refining of crude oil to produce diesel, gasoline, jet fuel, asphalt, and other products. The Retail segment consists of marketing of its own and third-party refined petroleum products through retail, commercial, and bulk petroleum outlets, as well as wholesale channels. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.

Headline News

Wed, 17 Jul 2024
Cenovus Energy Inc. stock rises Wednesday, outperforms market - MarketWatch

Wed, 17 Jul 2024
Cenovus Energy Inc. (NYSE:CVE) Shares Acquired by Russell Investments Group Ltd. - MarketBeat

Wed, 17 Jul 2024
Cenovus Energy (CVE) Could Be a Great Choice - Yahoo Finance

Tue, 16 Jul 2024
Oppenheimer Asset Management Inc. Boosts Stock Position in Cenovus Energy Inc. (NYSE:CVE) - Defense World

Mon, 15 Jul 2024
Swiss National Bank Sells 385,100 Shares of Cenovus Energy Inc. (NYSE:CVE) - MarketBeat

Mon, 15 Jul 2024
Cenovus Energy Inc. (NYSE:CVE) Shares Sold by Swiss National Bank - Defense World

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Energy
Industry:
Oil & Gas Integrated
Shares Out 1,870 (M)
Shares Float 1,310 (M)
Held by Insiders 31.5 (%)
Held by Institutions 55.2 (%)
Shares Short 47,480 (K)
Shares Short P.Month 36,430 (K)
Stock Financials
EPS 1.76
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 15.65
Profit Margin 8.7 %
Operating Margin 11.8 %
Return on Assets (ttm) 7.1 %
Return on Equity (ttm) 16.1 %
Qtrly Rev. Growth 9.3 %
Gross Profit (p.s.) 0
Sales Per Share 28.52
EBITDA (p.s.) 5.76
Qtrly Earnings Growth 93.8 %
Operating Cash Flow 9,600 (M)
Levered Free Cash Flow 4,030 (M)
Stock Valuations
PE Ratio 11.58
PEG Ratio 0.7
Price to Book value 1.3
Price to Sales 0.71
Price to Cash Flow 3.99
Stock Dividends
Dividend 0.12
Forward Dividend 0
Dividend Yield 0.6%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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