Cenovus Energy Inc. [CVE] Is Still Overvalued at $5.65

Cenovus Energy Inc. [CVE] stock is up 6.00 while the S&P 500 has risen 0.88% on Friday, 12/04/20. While at the time of this article, CVE ATR is sitting at 0.28, with the beta value at 3.11. This stock’s volatility for the past week remained at 6.16%, while it was 5.44% for the past 30-day period. CVE has risen $0.32 from the previous closing price of $5.33 on volume of 9.71 million shares.

On 2, December 2020, Sale of Cenovus’s Marten Hills oil assets to Headwater Exploration closes. According to news published on Yahoo Finance, Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) and Headwater Exploration Inc. (TSX:HWX) are pleased to announce the closing of the acquisition by Headwater of Cenovus’s assets in the Marten Hills area of Alberta. Pursuant to the transaction, Headwater acquired a 100% working interest in approximately 2,800 barrels per day of medium gravity oil production and 270 net sections of Clearwater rights.

Analyst Birdseye View:

The most recent analyst activity for Cenovus Energy Inc. [NYSE:CVE] stock was on October 26, 2020, when it was Downgrade with a Neutral rating from Credit Suisse. On October 01, 2020, JP Morgan Downgrade an Underweight rating. On September 03, 2020, Goldman Resumed a Buy rating and increased its price target to $6. On September 02, 2020, Barclays Initiated an Overweight rating. On March 25, 2020, Tudor Pickering Downgrade a Hold rating. On March 04, 2020, JP Morgan Downgrade a Neutral rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $1.41 and a peak of $10.52. Right now, the middling Wall Street analyst 12-month amount mark is $5.40. At the most recent market close, shares of Cenovus Energy Inc. [NYSE:CVE] were valued at $5.65.

FUNDAMENTAL ANALYSIS

Cenovus Energy Inc. [NYSE:CVE] most recently reported quarterly sales of 3.66 billion, which represented growth of -22.70%. This publicly-traded organization’s revenue is $8,547,649 per employee, while its income is $929,267 per employee. This company’s Gross Margin is currently 55.00%, its Operating Margin is -14.00%, its Pretax Margin is +6.92, and its Net Margin is +10.87. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 6.09, 11.97, 6.52 and 8.19 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 30.97 and the whole liability to whole assets at 23.78. It shows enduring liability to the whole principal at 30.27 and enduring liability to assets at 0.23 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 5.50 points at 1st support level, the second support level is making up to 5.35. But as of 1st resistance point, this stock is sitting at 5.74 and at 5.83 for 2nd resistance point.

Cenovus Energy Inc. [CVE] reported its earnings at $0.56 per share in the fiscal quarter closing of 12/30/2017. The Analysts for Wall Street were expecting to report its earnings at $0.08/share signifying the difference of 0.48 and 600.00% surprise value. Comparing the previous quarter ending of 9/29/2017, the stated earnings were $0.22 calling estimates for $0.12/share with the difference of 0.1 depicting the surprise of 83.30%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Cenovus Energy Inc. [NYSE:CVE] is 1.40. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.07. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.80 and it’s amount to book ratio is 0.84.