Cenovus Energy Inc (CVE) saw an uptrend of 2.02% in the recent trading with $14.66 being its most recent. The current price level -29.38% lower than the highest price of $20.76 marked by the stock while trading over the past 52-weeks, whereas it is 43.30% higher than the lowest price of $10.23 the company dropped to over past 52-weeks. The latest news story on CVE appeared in (Zacks) under the title “Cenovus Energy (CVE) Stock Dips While Market Gains: Key Facts” on Jun-27-25.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 6 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.35 for the stock.
Cenovus Energy Inc Earnings – What Happened With CVE
Coming around sales and income figures on CVE Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
Cenovus Energy Inc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 1.82 billion. CVE does have institutional investors; and they hold 54.08% of the stock.
As on 2024-06-30, CAPITAL WORLD INVESTORS was the top most holder in Cenovus Energy Inc (NYSE:CVE) with an ownership of 125.42 million shares of the company or 6.7454 of the stake worth $2.47 billion. The filing also reveals CAPITAL RESEARCH GLOBAL INVESTORS as the second largest holder in the company with a control over 4.7569 of the outstanding shares. Its stake is worth $1.74 billion for having 88.45 million shares in hand.
FMR LLC also came holding a key position in the company during the recent quarter and it now holds 3.1618 of the outstanding shares. With this there are now 593.0 institutions which have possession in CVE’s shares.
Key Metrics forCVE
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Cenovus Energy Inc has a debt to equity ratio of 0.36.
Technical Analysis of Cenovus Energy Inc (NYSE:CVE) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Cenovus Energy Inc (CVE), we notice that the stock’s 20-day average volume is at 13,060,550 shares and 50% of short term indicators are suggesting the stock as Buy. And to end, CVE’s 100-day average volume is 12,242,187 shares with 50% of the long-term indicators pointing towards Buy for the stock.
