Are You Thinking About Investing In Cenovus Energy?

Shares of Cenovus Energy have moved -5.3% today, and are now trading at a price of $19.72. In contrast, the S&P 500 index saw a -0.0% change. Today's trading volume is 6,114,585 compared to the stock's average volume of 9,149,876.

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, Canada the company has 6,925 full time employees and a market cap of $36,781,744,128. Cenovus Energy currently offers its equity investors a dividend that yields 2.7% per year.

The company is now trading -17.35% away from its average analyst target price of $23.86 per share. The 9 analysts following the stock have set target prices ranging from $21.97 to $27.83, and on average give Cenovus Energy a rating of buy.

Over the last 52 weeks, CVE stock has risen 22.2%, which amounts to a -1.3% difference compared to the S&P 500. The stock's 52 week high is $21.9 whereas its 52 week low is $14.69 per share. Based on Cenovus Energy's average net margin growth of 7.7% over the last 3 years, its core business is on track for profitability and its strong stock performance may continue in the long term.

Date Reported Total Revenue ($ k) Net Profit ($ k) Net Margins (%) YoY Growth (%)
2023 52,204,000 4,109,000 8 -20.0
2022 66,897,000 6,450,000 10 900.0
2021 46,357,000 587,000 1 105.56
2020 13,543,000 -2,379,000 -18 -263.64
2019 20,542,000 2,194,000 11 178.57
2018 20,843,000 -2,916,000 -14
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.