On September 15, 2023, if an individual had invested $100 in Cenovus Energy (CVE) stock five years ago, they would now have a value of $236.57. This calculation is based on the stock’s price of $20.70 at the time of writing. Remarkably, Cenovus Energy has consistently outperformed the market, boasting an impressive annualized basis growth rate of 9.44% over the past five years. This has resulted in an average annual return of 18.23%. As of now, the company’s market capitalization stands at a substantial $39.26 billion.
Cenovus Energy has experienced remarkable earnings growth, with a staggering annual growth rate of 64.4% over the past five years. However, it is important to note that the company has also faced periods of negative earnings growth. Despite this, the total return for Cenovus Energy stock over the past five years has been an impressive 115.11%.
In the third quarter of 2023, Cenovus Energy’s earnings have experienced a decline of -6.27% compared to the previous year. This decline is 84.52 percentage points lower than the average for the US Oil & Gas Integrated industry. Additionally, the company has consistently maintained a median return on common equity of 2.8% from fiscal years ending December 2018 to 2022.
Cenovus Energy Inc.
Updated on: 05/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
We did not find social sentiment data for this stock
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Cenovus Energy Inc. (CVE) Stock Performance: Fluctuations on September 15, 2023, but Promising Outlook for Investors
On September 15, 2023, the stock performance of Cenovus Energy Inc. (CVE) showed some fluctuations. The previous close of the stock was $20.83, and it opened at $20.68. Throughout the day, the stock traded in a range of $20.64 to $20.86. The total volume of shares traded was 5,240,339. The market capitalization of CVE stood at $38.8 billion.
CVE experienced a significant increase of 987.55% in earnings growth in the last year. However, the earnings growth for this year declined by 28.44%. Looking ahead, the company is expected to have a positive earnings growth of 17.00% over the next five years.
The revenue growth for CVE in the last year was 38.97%. The price-to-earnings (P/E) ratio for the stock was 14.1. The price-to-sales (P/S) ratio was 0.76. The price-to-book (P/B) ratio was 1.95.
On September 15, 2023, other energy companies also experienced some changes in their stock prices. Petroleo Brasileiro (PBR) saw a decrease of 0.22%, while Suncor Energy (SU) had an increase of 1.05%. Woodside Energy Group (WOP) also saw a slight increase of 0.44%.
Cenovus Energy Inc. is scheduled to release its next earnings report on November 1, 2023. The estimated earnings per share (EPS) for this quarter is $0.56. In the previous year, the company reported annual revenue of $51.4 billion and a profit of $5.0 billion. The net profit margin for CVE was 9.64%.
CVE operates in the energy minerals sector and is classified under the integrated oil industry. The company’s corporate headquarters is located in Calgary, Alberta.
Overall, the stock performance of CVE on September 15, 2023, showed some fluctuations but remained relatively stable. The company’s positive earnings growth in the past and expected growth in the future, along with its strong revenue growth, indicate a promising outlook for investors. However, it is important for investors to closely monitor the company’s financial performance and industry trends to make informed investment decisions.
Analyzing the Potential Performance and Outlook for Cenovus Energy Inc Stock in 2023
On September 15, 2023, Cenovus Energy Inc had a median target price of 22.99, according to 18 analysts offering 12-month price forecasts. The high estimate was 26.40, while the low estimate was 19.35. This median estimate indicated a potential increase of 11.08% from the last price of 20.70.
Furthermore, a consensus among 19 polled investment analysts was to buy stock in Cenovus Energy Inc. This rating has remained steady since September, indicating a consistent positive sentiment towards the company’s stock.
Cenovus Energy Inc is a Canadian integrated oil and natural gas company. It has operations in the oil sands, conventional oil and natural gas, and refining and marketing sectors.
To assess the potential performance of CVE stock on September 15, 2023, it is important to consider the current market conditions and the company’s financial outlook.
As of the reporting date on November 1, 2023, Cenovus Energy Inc reported earnings per share of $0.56 and sales of $11.2 billion for the current quarter.
Investors should also consider other factors such as industry trends, regulatory changes, and geopolitical events that may impact the energy sector and, consequently, CVE stock. It is important to conduct thorough research and analysis before making any investment decisions.
In conclusion, the consensus among analysts is to buy stock in Cenovus Energy Inc. The median target price suggests a potential increase in stock value, but investors should consider market conditions and the company’s financial outlook before making any investment decisions.