In yesterday’s Wall Street session, Cenovus Energy Inc (NYSE:CVE) shares traded at $17.96, down -1.10% from the previous session.
19 analysts cover Cenovus Energy Inc (NYSE:CVE), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $27.80 and a low of $21.68, we find $24.19. Given the previous closing price of $18.16, this indicates a potential upside of 33.2 percent. CVE stock price is now -8.84% away from the 50-day moving average and -1.47% away from the 200-day moving average. The market capitalization of the company currently stands at $34.06B.
The stock has received a hold rating from 1 analysts and a buy rating from 17. Brokers who have rated the stock have averaged $24.25 as their price target over the next twelve months.
A total of 29.12% of the company’s stock is owned by insiders.
On Tuesday morning Cenovus Energy Inc (NYSE: CVE) stock kicked off with the opening price of $18.08. During the past 12 months, Cenovus Energy Inc has had a low of $14.97 and a high of $21.37. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 1.49, and a quick ratio of 0.82. The fifty day moving average price for CVE is $19.65 and a two-hundred day moving average price translates $18.23 for the stock.
The latest earnings results from Cenovus Energy Inc (NYSE: CVE) was released for Sep, 2023. According to the Oil & Gas Integrated Company, earnings per share came in at $0.71, missing analysts’ expectations of $0.73 by -0.02. This compares to $0.62 EPS in the same period last year. The net profit margin was 7.76% and return on equity was 14.85% for CVE. The company reported revenue of $10.86 billion for the quarter, compared to $13.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.84 percent. For the current quarter, analysts expect CVE to generate $10.36B in revenue.
