Market Inference Overview -- CVE Stock

Cenovus Energy logged a 0.5% change during today's afternoon session, and is now trading at a price of $20.73 per share. The S&P 500 index moved -1.0%. CVE's trading volume is 13,645,782 compared to the stock's average volume of 11,699,477.

Cenovus Energy trades -8.03% away from its average analyst target price of $22.54 per share. The 9 analysts following the stock have set target prices ranging from $21.03 to $24.66, and on average have given Cenovus Energy a rating of buy.

If you are considering an investment in CVE, you'll want to know the following:

  • Cenovus Energy has moved 16.1% over the last year, and the S&P 500 logged a change of 21.6%

  • Based on its trailing earnings per share of 1.54, Cenovus Energy has a trailing 12 month Price to Earnings (P/E) ratio of 13.5 while the S&P 500 average is 15.97

  • CVE has a forward P/E ratio of 9.3 based on its forward 12 month price to earnings (EPS) of $2.23 per share

  • The company has a price to earnings growth (PEG) ratio of 0.87 — a number near or below 1 signifying that Cenovus Energy is fairly valued compared to its estimated growth potential

  • Its Price to Book (P/B) ratio is 1.38 compared to its sector average of 1.78

  • Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally.

  • Based in Calgary, the company has 6,925 full time employees and a market cap of $38.8 Billion. Cenovus Energy currently returns an annual dividend yield of 2.5%.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.