A share price of Cenovus Energy Inc [CVE] is currently trading at $14.30, up 1.20%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CVE shares have gain 5.07% over the last week, with a monthly amount drifted -1.99%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Cenovus Energy Inc [NYSE: CVE] stock has seen the most recent analyst activity on February 21, 2025, when National Bank Financial downgraded its rating to a Sector Perform. Previously, UBS upgraded its rating to Buy on February 23, 2024. On September 06, 2023, upgrade upgraded it’s rating to Sector Outperform. UBS started tracking the stock assigning a Neutral rating. Goldman upgraded its rating to a Buy and raised its price target to $22 on June 06, 2023. Scotiabank downgraded its rating to Sector Perform for this stock on April 14, 2023. In a note dated November 21, 2022, Goldman downgraded an Neutral rating on this stock but restated the target price of $23.
Cenovus Energy Inc experienced fluctuations in its stock price throughout the past year between $12.07 and $21.79. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. Cenovus Energy Inc [NYSE: CVE] shares were valued at $14.30 at the most recent close of the market. An investor can expect a potential return of 116.78% based on the average CVE price forecast.
Analyzing the CVE fundamentals
Trailing Twelve Months sales for Cenovus Energy Inc [NYSE:CVE] were 39.66B which represents -12.90% decline. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.11 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.36.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.18 points at the first support level, and at 14.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.45, and for the 2nd resistance point, it is at 14.59.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cenovus Energy Inc [NYSE:CVE] is 1.42. In addition, the Quick Ratio stands at 0.81 and the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 0.66, the price to book ratio is 1.28 and price to earnings (TTM) ratio is 11.87.
