Stocks of Cenovus Energy Inc. (NYSE:CVE) traded higher last session on Wall Street, down -2.14% to $20.15.
According to the data, Cenovus Energy Inc. (NYSE:CVE) has 19 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $26.40 and a low of $19.35, we find $23.18. Given the previous closing price of $20.59, this indicates a potential upside of 12.58 percent. CVE stock price is now 5.59% away from the 50-day moving average and 11.49% away from the 200-day moving average. The market capitalization of the company currently stands at $38.47B.
A total of 2 analysts have issued a hold rating and 16 have given it a buy rating. Brokers who have rated the stock have averaged $23.13 as their price target over the next twelve months.
A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CVE stock. A new stake in Cenovus Energy Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $104,143,000. AVENTAIL CAPITAL GROUP, LP invested $34,343,000 in shares of CVE during the first quarter. In the first quarter, WARATAH CAPITAL ADVISORS LTD. acquired a new stake in Cenovus Energy Inc. valued at approximately $34,255,000. WALLEYE CAPITAL LLC acquired a new stake in CVE for approximately $27,254,000. POINT72 EUROPE (LONDON) LLP purchased a new stake in CVE valued at around $25,325,000 in the second quarter. In total, there are 600 active investors with 73.10% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $20.45 for Cenovus Energy Inc. (NYSE: CVE). During the past 12 months, Cenovus Energy Inc. has had a low of $14.38 and a high of $22.09. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 1.50, and a quick ratio of 0.90. The fifty day moving average price for CVE is $19.13 and a two-hundred day moving average price translates $18.08 for the stock.
The latest earnings results from Cenovus Energy Inc. (NYSE: CVE) was released for Jun, 2023. The net profit margin was 6.90% and return on equity was 14.20% for CVE. The company reported revenue of $9.1 billion for the quarter, compared to $15.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -39.38 percent.
Moreover, the firm recently paid out its quarterly dividend on 12/31/2009. Investors who held shares on 12/21/2009 were paid a $0.20 dividend. On an annualized basis, this represents a $0.41 dividend and a 2.06% percent yield. There was an ex-dividend date of 12/17/2009 for this dividend. In terms of dividend payout ratio, CVE is presently at 21.70%.
