Cenovus Energy Inc [NYSE: CVE] gained 2.84% on the last trading session, reaching $14.83 price per share at the time.
If compared to the average trading volume of 11.67M shares, CVE reached a trading volume of 25036012 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Cenovus Energy Inc [CVE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CVE shares is $18.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CVE stock is a recommendation set at 1.38. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
National Bank Financial have made an estimate for Cenovus Energy Inc shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on February 21, 2025. The new note on the price target was released on February 23, 2024, representing the official price target for Cenovus Energy Inc stock.
The Average True Range (ATR) for Cenovus Energy Inc is set at 0.47, with the Price to Sales ratio for CVE stock in the period of the last 12 months amounting to 0.69. The Price to Book ratio for the last quarter was 1.30, with the Price to Cash per share for the same quarter was set at 1.06. Price to Free Cash Flow for CVE in the course of the last twelve months was 10.93 with Quick ratio for the last quarter at 0.84.
Trading performance analysis for CVE stock
Cenovus Energy Inc [CVE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.61. With this latest performance, CVE shares gained by 7.39% in over the last four-week period, additionally sinking by -1.92% over the last 6 months – not to mention a drop of -23.08% in the past year of trading.
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Cenovus Energy Inc [CVE]: A deeper dive into fundamental analysis
Cenovus Energy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.84 and a Current Ratio set at 1.46.
Cenovus Energy Inc [CVE]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CVE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cenovus Energy Inc go to 18.80%.
An analysis of Institutional ownership at Cenovus Energy Inc [CVE]
The top three institutional holders of CVE stocks are: CAPITAL WORLD INVESTORS with ownership of 125.42 million shares, which is approximately 6.7454%. CAPITAL RESEARCH GLOBAL INVESTORS, holding 88.45 million shares of the stock with an approximate value of $$1.74 billion in CVE stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $$1.16 billion in CVE stock with ownership which is approximately 3.1618%.
