Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $12.12 in the prior trading day, Cenovus Energy Inc (NYSE: CVE) closed at $11.77, down -2.89%. In other words, the price has decreased by -$2.89 from its previous closing price. On the day, 12.56 million shares were traded. CVE stock price reached its highest trading level at $12.075 during the session, while it also had its lowest trading level at $11.643.
Ratios:
Our goal is to gain a better understanding of CVE by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.00. For the most recent quarter (mrq), Quick Ratio is recorded 0.81 and its Current Ratio is at 1.42. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.33.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CVE now has a Market Capitalization of 21462007808 and an Enterprise Value of 29369157632. As of this moment, Cenovus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.77, and their Forward P/E ratio for the next fiscal year is 8.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.54 while its Price-to-Book (P/B) ratio in mrq is 1.05. Its current Enterprise Value per Revenue stands at 0.541 whereas that against EBITDA is 3.065.
Stock Price History:
The Beta on a monthly basis for CVE is 0.96, which has changed by -0.4278075 over the last 52 weeks, in comparison to a change of 0.09969199 over the same period for the S&P500. Over the past 52 weeks, CVE has reached a high of $21.31, while it has fallen to a 52-week low of $10.23. The 50-Day Moving Average of the stock is -9.29%, while the 200-Day Moving Average is calculated to be -25.36%.
Shares Statistics:
The stock has traded on average 11.22M shares per day over the past 3-months and 9124910 shares per day over the last 10 days, according to various share statistics. A total of 1.82B shares are outstanding, with a floating share count of 1.27B. Insiders hold about 30.32% of the company’s shares, while institutions hold 50.56% stake in the company. Shares short for CVE as of 1744675200 were 36674539 with a Short Ratio of 3.27, compared to 1741910400 on 57415596.
Dividends & Splits
In the trailing 12 months, CVE’s forward annual dividend rate was 0.815, compared to 0.52 this year. Against a Trailing Annual Dividend Yield of 0.067244224The stock’s 5-year Average Dividend Yield is 1.86.
