CVE (Cenovus Energy Inc.) stock is in for a key growth catalyst

As of close of business last night, Cenovus Energy Inc.’s stock clocked out at 18.75, up 1.13% from its previous closing price of $18.54. In other words, the price has increased by $+0.21 from its previous closing price. On the day, 5121784 shares were traded. CVE reached its highest trading level at $18.77 during the session, while it also had its lowest trading level at $17.86.

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To gain a deeper understanding of CVE’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.54.

Upgrades & Downgrades

Valuation Measures:

As of this moment, Cenovus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.13, and their Forward P/E ratio for the next fiscal year is 4.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.81 while its Price-to-Book (P/B) ratio in mrq is 1.90.

Stock Price History:

Over the past 52 weeks, CVE has reached a high of $24.91, while it has fallen to a 52-week low of $8.18. The 50-Day Moving Average of the stock is 18.05, while the 200-Day Moving Average is calculated to be 17.10.

Shares Statistics:

It appears that CVE traded 9.33M shares on average per day over the past three months and 6.47M shares per day over the past ten days. A total of 1.97B shares are outstanding, with a floating share count of 1.44B. Insiders hold about 0.10% of the company’s shares, while institutions hold 73.10% stake in the company. Shares short for CVE as of Jul 14, 2022 were 30.51M with a Short Ratio of 1.86, compared to 26.3M on Jun 14, 2022.

Dividends & Splits

With its trailing 12-month dividend rate of 0.06, CVE has a forward annual dividend rate of 0.32. Against a Trailing Annual Dividend Yield of 0.33%, it implies a Forward Annual Dividend Yield of 1.71%. The stock’s 5-year Average Dividend Yield is 1.64.

Earnings Estimates

As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $1.18 for the current quarter, with a high estimate of $1.5 and a low estimate of $0.83, while EPS last year was $0.21. The consensus estimate for the next quarter is $0.95, with high estimates of $1.44 and low estimates of $0.75.

Analysts are recommending an EPS of between $4.27 and $2.64 for the fiscal current year, implying an average EPS of $3.36. EPS for the following year is $3.46, with 7 analysts recommending between $5.82 and $1.91.

Revenue Estimates

In the current quarter, 1 analysts expect revenue to total $10.75B. It ranges from a high estimate of $10.75B to a low estimate of $10.75B. As of the current estimate, Cenovus Energy Inc.’s year-ago sales were $10.03B, an estimated increase of 7.20% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $11.01B, an increase of 1.40% less than the figure of $7.20% in the same quarter last year. There is a high estimate of $11.01B for the next quarter, whereas the lowest estimate is $11.01B.

A total of 4 analysts have provided revenue estimates for CVE’s current fiscal year. The highest revenue estimate was $57.23B, while the lowest revenue estimate was $46.01B, resulting in an average revenue estimate of $52.03B. In the same quarter a year ago, actual revenue was $36.66B, up 41.90% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $44.9B in the next fiscal year. The high estimate is $47.84B and the low estimate is $41.36B. The average revenue growth estimate for next year is down -13.70% from the average revenue estimate for this year.