In yesterday’s Wall Street session, Cenovus Energy Inc (NYSE:CVE) shares traded at $20.64, down -1.53% from the previous session.
CVE stock price is now 1.05% away from the 50-day moving average and 10.80% away from the 200-day moving average. The market capitalization of the company currently stands at $38.50B.
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, while ‘UBS’ rates the stock as ‘Neutral’
A total of 29.55% of the company’s stock is owned by insiders.
During the past 12 months, Cenovus Energy Inc has had a low of $14.62 and a high of $21.79. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 1.70, and a quick ratio of 1.01. According to the stock market information, the enterprise value for the company is $46949924864, which is based on a 11.46 price-to-earnings ratio, a 0.48 price-to-earnings-growth ratio, and a beta of 2.07. The fifty day moving average price for CVE is $20.5096 and a two-hundred day moving average price translates $18.71675 for the stock.
The latest earnings results from Cenovus Energy Inc (NYSE: CVE) was released for 2024-03-31. According to the Oil & Gas Integrated Company, earnings per share came in at 0.32, beating analysts’ expectations of 0.3 by 0.02. This compares to $0.24 EPS in the same period last year. The net profit margin was 8.66% and return on equity was 16.20% for CVE. The company reported revenue of $9.93 billion for the quarter, compared to $9.06 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.57 percent. For the current quarter, analysts expect CVE to generate $10.11B in revenue.
