Cenovus Energy Stock Analysis
CVE Stock | USD 20.85 0.19 0.92% |
Cenovus Energy is undervalued with Real Value of 22.61 and Target Price of 22.07. The main objective of Cenovus Energy stock analysis is to determine its intrinsic value, which is an estimate of what Cenovus Energy is worth, separate from its market price. There are two main types of Cenovus Energy's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Cenovus Energy's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Cenovus Energy's stock to identify patterns and trends that may indicate its future price movements.
The Cenovus Energy stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Cenovus Energy is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Cenovus Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Cenovus Energy's ongoing operational relationships across important fundamental and technical indicators.
Cenovus |
Cenovus Stock Analysis Notes
About 31.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.9. Some equities with similar Price to Book (P/B) outperform the market in the long run. Cenovus Energy has Price/Earnings To Growth (PEG) ratio of 0.45. The entity last dividend was issued on the 14th of March 2024. Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada. Cenovus Energy operates under Oil Gas Integrated classification in the United States and is traded on New York Stock Exchange. It employs 5938 people. For more info on Cenovus Energy please contact Brian Ferguson at 403 766 2000 or go to https://www.cenovus.com.Cenovus Energy Quarterly Total Revenue |
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Cenovus Energy Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Cenovus Energy's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Cenovus Energy or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
About 55.0% of the company shares are held by institutions such as insurance companies | |
On 28th of March 2024 Cenovus Energy paid $ 0.1037 per share dividend to its current shareholders | |
Latest headline from finance.yahoo.com: Valero, Chevron Buy Oil Off Trans Mountain in West Coast First |
Cenovus Energy Upcoming and Recent Events
Earnings reports are used by Cenovus Energy to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Cenovus Energy previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
15th of February 2024 Upcoming Quarterly Report | View | |
24th of April 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
15th of February 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
Cenovus Largest EPS Surprises
Earnings surprises can significantly impact Cenovus Energy's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2015-10-29 | 2015-09-30 | -0.05 | -0.03 | 0.02 | 40 | ||
2015-04-29 | 2015-03-31 | -0.09 | -0.11 | -0.02 | 22 | ||
2017-04-26 | 2017-03-31 | -0.08 | -0.05 | 0.03 | 37 |
Cenovus Energy Thematic Classifications
In addition to having Cenovus Energy stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Power AssetsHigh potential, large capitalization stocks theme | ||
Petroleum and Natural GasUSA Equities from Petroleum and Natural Gas industry as classified by Fama & French |
Cenovus Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Cenovus Energy is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Cenovus Energy backward and forwards among themselves. Cenovus Energy's institutional investor refers to the entity that pools money to purchase Cenovus Energy's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Bank Of America Corp | 2023-12-31 | 19.7 M | Fidelity International Ltd | 2023-12-31 | 17.3 M | Millennium Management Llc | 2023-12-31 | 16.5 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 15 M | Cibc Global Asset Management Inc | 2023-12-31 | 15 M | Egerton Capital Llp | 2023-12-31 | 14.2 M | Bank Of Nova Scotia | 2023-12-31 | 13.1 M | Mackenzie Investments | 2023-12-31 | 11.1 M | Capital Research & Mgmt Co - Division 3 | 2023-12-31 | 10.7 M | Capital World Investors | 2023-12-31 | 150.5 M | Capital Research Global Investors | 2023-12-31 | 120.4 M |
Cenovus Market Capitalization
The company currently falls under 'Large-Cap' category with a total capitalization of 38.57 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Cenovus Energy's market, we take the total number of its shares issued and multiply it by Cenovus Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Cenovus Profitablity
Cenovus Energy's profitability indicators refer to fundamental financial ratios that showcase Cenovus Energy's ability to generate income relative to its revenue or operating costs. If, let's say, Cenovus Energy is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Cenovus Energy's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Cenovus Energy's profitability requires more research than a typical breakdown of Cenovus Energy's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 0.08 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.08 %, which entails that for every 100 dollars of revenue, it generated $0.08 of operating income. Last Reported | Projected for Next Year | ||
Return On Tangible Assets | 0.08 | 0.04 | |
Return On Capital Employed | 0.11 | 0.07 | |
Return On Assets | 0.08 | 0.04 | |
Return On Equity | 0.14 | 0.09 |
Management Efficiency
Cenovus Energy has Return on Asset of 0.0616 % which means that on every $100 spent on assets, it made $0.0616 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.146 %, implying that it generated $0.146 on every 100 dollars invested. Cenovus Energy's management efficiency ratios could be used to measure how well Cenovus Energy manages its routine affairs as well as how well it operates its assets and liabilities. As of April 20, 2024, Return On Tangible Assets is expected to decline to 0.04. In addition to that, Return On Capital Employed is expected to decline to 0.07. At present, Cenovus Energy's Other Current Assets are projected to increase significantly based on the last few years of reporting. The current year's Net Tangible Assets is expected to grow to about 29.1 B, whereas Non Current Assets Total are forecasted to decline to about 29.8 B.Last Reported | Projected for Next Year | ||
Book Value Per Share | 15.14 | 11.12 | |
Net Current Asset Value | 0.00 | 0.00 | |
Tangible Asset Value | 0.00 | 0.00 | |
Tangible Book Value Per Share | 13.61 | 10.04 | |
Enterprise Value Over EBITDA | 4.82 | 4.58 | |
Price Book Value Ratio | 1.46 | 1.82 | |
Enterprise Value Multiple | 4.82 | 4.58 | |
Price Fair Value | 1.46 | 1.82 | |
Enterprise Value | 49.5 B | 52 B |
The analysis of Cenovus Energy's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Cenovus Energy's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Cenovus Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.0199 | Forward Dividend Yield 0.0199 | Forward Dividend Rate 0.41 | Beta 2.782 |
Technical Drivers
As of the 20th of April, Cenovus Energy shows the Mean Deviation of 1.06, downside deviation of 1.41, and Risk Adjusted Performance of 0.2161. Cenovus Energy technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Cenovus Energy, which can be compared to its peers. Please confirm Cenovus Energy jensen alpha, as well as the relationship between the potential upside and skewness to decide if Cenovus Energy is priced correctly, providing market reflects its regular price of 20.85 per share. Given that Cenovus Energy has jensen alpha of 0.4513, we suggest you to validate Cenovus Energy's prevailing market performance to make sure the company can sustain itself at a future point.Cenovus Energy Price Movement Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Cenovus Energy middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Cenovus Energy. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Cenovus Energy Predictive Daily Indicators
Cenovus Energy intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Cenovus Energy stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Cenovus Energy Corporate Filings
6K | 27th of March 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
6K | 15th of February 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
13A | 9th of February 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
6K | 5th of February 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
6K | 14th of December 2023 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
6K | 7th of November 2023 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
6th of November 2023 Other Reports | ViewVerify | |
3rd of November 2023 Other Reports | ViewVerify |
Cenovus Energy Forecast Models
Cenovus Energy's time-series forecasting models are one of many Cenovus Energy's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Cenovus Energy's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Cenovus Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Cenovus Energy prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Cenovus shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Cenovus Energy. By using and applying Cenovus Stock analysis, traders can create a robust methodology for identifying Cenovus entry and exit points for their positions.
Last Reported | Projected for Next Year | ||
Pretax Profit Margin | 0.1 | 0.05 | |
Operating Profit Margin | 0.10 | 0.07 | |
Net Profit Margin | 0.08 | 0.05 | |
Gross Profit Margin | 0.12 | 0.23 |
Current Cenovus Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Cenovus analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Cenovus analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Price | Advice | # of Analysts | |
22.07 | Strong Buy | 19 | Odds |
Most Cenovus analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Cenovus stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Cenovus Energy, talking to its executives and customers, or listening to Cenovus conference calls.
Cenovus Stock Analysis Indicators
Cenovus Energy stock analysis indicators help investors evaluate how Cenovus Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Cenovus Energy shares will generate the highest return on investment. By understating and applying Cenovus Energy stock analysis, traders can identify Cenovus Energy position entry and exit signals to maximize returns.
Begin Period Cash Flow | 4.5 B | |
Long Term Debt | 7.1 B | |
Common Stock Shares Outstanding | 1.9 B | |
Total Stockholder Equity | 28.7 B | |
Tax Provision | 931 M | |
Quarterly Earnings Growth Y O Y | -0.025 | |
Property Plant And Equipment Net | 38.9 B | |
Cash And Short Term Investments | 2.2 B | |
Cash | 2.2 B | |
Accounts Payable | 1.1 B | |
Net Debt | 7.7 B | |
50 Day M A | 18.7714 | |
Total Current Liabilities | 6.2 B | |
Other Operating Expenses | 46.7 B | |
Non Current Assets Total | 44.2 B | |
Forward Price Earnings | 10.661 | |
Non Currrent Assets Other | 900 M | |
Stock Based Compensation | -9.6 B |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenovus Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
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Is Cenovus Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cenovus Energy. If investors know Cenovus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cenovus Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.03) | Dividend Share 0.525 | Earnings Share 1.53 | Revenue Per Share 27.541 | Quarterly Revenue Growth (0.07) |
The market value of Cenovus Energy is measured differently than its book value, which is the value of Cenovus that is recorded on the company's balance sheet. Investors also form their own opinion of Cenovus Energy's value that differs from its market value or its book value, called intrinsic value, which is Cenovus Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cenovus Energy's market value can be influenced by many factors that don't directly affect Cenovus Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cenovus Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cenovus Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cenovus Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.