Cenovus Energy Stock Today
| CVE Stock | CAD 29.06 0.12 0.41% |
Performance28 of 100
| Odds Of DistressLess than 6
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Cenovus Energy is selling at 29.06 as of the 24th of April 2024; that is 0.41 percent up since the beginning of the trading day. The stock's open price was 28.94. Cenovus Energy has only a 6 % chance of going through financial distress over the next few years and had a strong performance during the last 90 days. Equity ratings for Cenovus Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Energy |
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. The company has 1.87 B outstanding shares of which 11.9 M shares are currently shorted by private and institutional investors with about 3.43 days to cover all short positions. More on Cenovus Energy
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Cenovus Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Cenovus Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Cenovus Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Cenovus Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Cenovus Energy's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| CEO | Alexander Pourbaix | ||||
| Business Concentration | Oil, Gas & Consumable Fuels, Oil & Gas Integrated, Energy, Energy, Oil, Gas & Consumable Fuels, Oil & Gas Integrated, Energy (View all Sectors) | ||||
Cenovus Energy's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Cenovus Energy's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Cenovus Energy's financial leverage. It provides some insight into what part of Cenovus Energy's total assets is financed by creditors.
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Cenovus Energy (CVE) is traded on Toronto Exchange in Canada and employs 6,925 people. Cenovus Energy is listed under Oil, Gas & Consumable Fuels category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 54.02 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 Energy operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 1.87 B outstanding shares of which 11.9 M shares are currently shorted by private and institutional investors with about 3.43 days to cover all short positions.
Cenovus Energy has accumulated about 3.69 B in cash with 7.41 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.91.
Check Cenovus Energy Probability Of Bankruptcy
Ownership AllocationCenovus Energy holds a total of 1.87 Billion outstanding shares. Over half of Cenovus Energy's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Cenovus Energy. Please watch out for any change in the institutional holdings of Cenovus Energy as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Cenovus Ownership Details
Cenovus Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Cenovus Energy jumping above the current price in 90 days from now is about 6.25%. The Cenovus Energy probability density function shows the probability of Cenovus Energy stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Cenovus Energy has a beta of 0.5341 suggesting as returns on the market go up, Cenovus Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Cenovus Energy will be expected to be much smaller as well. Additionally, cenovus Energy has an alpha of 0.519, implying that it can generate a 0.52 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Cenovus Energy to move above the current price in 90 days from now is about 6.25 (This Cenovus Energy probability density function shows the probability of Cenovus Stock to fall within a particular range of prices over 90 days) .
Cenovus Energy Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Cenovus Energy market risk premium is the additional return an investor will receive from holding Cenovus Energy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Cenovus Energy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Cenovus Energy's alpha and beta are two of the key measurements used to evaluate Cenovus Energy's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.01 | |||
| Semi Deviation | 0.5126 | |||
| Standard Deviation | 1.43 | |||
| Variance | 2.05 |
Cenovus Stock Against Markets
Picking the right benchmark for Cenovus Energy stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Cenovus Energy stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Cenovus Energy is critical whether you are bullish or bearish towards Cenovus Energy at a given time. Please also check how Cenovus Energy's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cenovus Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Cenovus Energy Corporate Directors
Cenovus Energy corporate directors refer to members of a Cenovus Energy board of directors. The board of directors generally takes responsibility for the Cenovus Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Cenovus Energy's board members must vote for the resolution. The Cenovus Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Steven Leer | Independent Director | Profile | |
| Valerie Nielsen | Independent Director | Profile | |
| Ralph Cunningham | Independent Director | Profile | |
| Colin Taylor | Independent Director | Profile |
How to buy Cenovus Stock?
Before investing in Cenovus Energy, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Cenovus Energy. To buy Cenovus Energy stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Cenovus Energy. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Cenovus Energy stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Cenovus Energy stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Cenovus Energy stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Cenovus Energy, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Cenovus Stock please use our How to Invest in Cenovus Energy guide.
Already Invested in Cenovus Energy?
The danger of trading Cenovus Energy is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cenovus Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cenovus Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cenovus Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Cenovus Energy is a strong investment it is important to analyze Cenovus Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cenovus Energy's future performance. For an informed investment choice regarding Cenovus Stock, refer to the following important reports: 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 board of governors. To learn how to invest in Cenovus Stock, please use our How to Invest in Cenovus Energy guide.Note that the Cenovus Energy information on this page should be used as a complementary analysis to other Cenovus Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Cenovus Stock analysis
When running Cenovus Energy's price analysis, check to measure Cenovus Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cenovus Energy is operating at the current time. Most of Cenovus Energy's value examination focuses on studying past and present price action to predict the probability of Cenovus Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cenovus Energy's price. Additionally, you may evaluate how the addition of Cenovus Energy to your portfolios can decrease your overall portfolio volatility.
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