Is Cenovus Energy Stock a Good Investment?
Cenovus Energy Investment Advice | CVE |
- Examine Cenovus Energy's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Cenovus Energy's leadership team and their track record. Good management can help Cenovus Energy navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Oil, Gas & Consumable Fuels space and any emerging trends that could impact Cenovus Energy's business and its evolving consumer preferences.
- Compare Cenovus Energy's performance and market position to its competitors. Analyze how Cenovus Energy is positioned in terms of product offerings, innovation, and market share.
- Check if Cenovus Energy pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Cenovus Energy's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Cenovus Energy stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if Cenovus Energy is a good investment.
Sell | Buy |
Sell
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine Cenovus Energy Stock
Researching Cenovus Energy's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 32.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.52. 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 13th of September 2024.
To determine if Cenovus Energy is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Cenovus Energy's research are outlined below:
| Cenovus Energy generated a negative expected return over the last 90 days | |
| About 32.0% of the company shares are held by company insiders | |
| On 27th of September 2024 Cenovus Energy paid $ 0.13 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Why Analysts See Nearly 40 percent Upside in Cenovus Energy Stock |
Cenovus Energy Quarterly Good Will |
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Cenovus Energy uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Cenovus Energy. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Cenovus Energy's 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 |
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. Below are the table of largest EPS Surprises Cenovus Energy's investors have experienced.
| 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 | ||
2024-02-15 | 2023-12-31 | 0.34 | 0.39 | 0.05 | 14 | ||
2014-02-13 | 2013-12-31 | 0.33 | 0.28 | -0.05 | 15 | ||
2013-04-24 | 2013-03-31 | 0.47 | 0.52 | 0.05 | 10 | ||
2012-02-15 | 2011-12-31 | 0.49 | 0.44 | -0.05 | 10 | ||
2010-04-29 | 2010-03-31 | 0.4 | 0.45 | 0.05 | 12 |
Cenovus Energy Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Cenovus target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Cenovus Energy's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 20 | Strong Buy |
Most Cenovus analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Cenovus stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Cenovus Energy, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationCenovus Energy Target Price Projection
Cenovus Energy's current and average target prices are 18.27 and 22.07, respectively. The current price of Cenovus Energy is the price at which Cenovus Energy is currently trading. On the other hand, Cenovus Energy's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Cenovus Energy Market Quote on 5th of October 2024
Target Price
Analyst Consensus On Cenovus Energy Target Price
Cenovus Energy Analyst Ratings
Cenovus Energy's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Cenovus Energy stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Cenovus Energy's financials, market performance, and future outlook by experienced professionals. Cenovus Energy's historical ratings below, therefore, can serve as a valuable tool for investors.Know Cenovus Energy's Top 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 | Bmo Capital Markets Corp. | 2024-06-30 | 15.5 M | Millennium Management Llc | 2024-06-30 | 15.1 M | Goldman Sachs Group Inc | 2024-06-30 | 15 M | Cibc Global Asset Management Inc | 2024-06-30 | 15 M | Connor Clark & Lunn Inv Mgmt Ltd | 2024-06-30 | 13 M | 1832 Asset Management L.p | 2024-06-30 | 12.5 M | Mackenzie Investments | 2024-06-30 | 11.2 M | Smead Capital Management Inc | 2024-06-30 | 11.1 M | Bank Of America Corp | 2024-06-30 | 10.7 M | Capital World Investors | 2024-06-30 | 125.4 M | Capital Research Global Investors | 2024-06-30 | 88.4 M |
Cenovus Energy's market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 33.21 B.Market Cap |
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Cenovus Energy's profitablity analysis
| 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 |
Determining Cenovus Energy's profitability involves analyzing its financial statements and using various financial metrics to determine if Cenovus Energy is a good buy. For example, gross profit margin measures Cenovus Energy's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Cenovus Energy's profitability and make more informed investment decisions.
Cenovus Energy's Earnings Breakdown by Geography
Please note, the presentation of Cenovus Energy's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Cenovus Energy's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Cenovus Energy's management manipulating its earnings.
Evaluate Cenovus Energy's management efficiency
Cenovus Energy has Return on Asset of 0.0758 % which means that on every $100 spent on assets, it made $0.0758 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1669 %, implying that it generated $0.1669 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 October 5, 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 | 15.15 | 11.12 | |
| Tangible Book Value Per Share | 13.61 | 10.05 | |
| 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 0.0262 | Forward Dividend Yield 0.0262 | Forward Dividend Rate 0.47 | Beta 2.635 |
Basic technical analysis of Cenovus Stock
As of the 5th of October, Cenovus Energy shows the Risk Adjusted Performance of (0.04), mean deviation of 1.62, and Standard Deviation of 2.09. 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. Please confirm Cenovus Energy variance and value at risk to decide if Cenovus Energy is priced correctly, providing market reflects its regular price of 18.27 per share. Given that Cenovus Energy has information ratio of (0.11), 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's Outstanding Corporate Bonds
Cenovus Energy issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Cenovus Energy uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Cenovus bonds can be classified according to their maturity, which is the date when Cenovus Energy has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand Cenovus Energy's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Cenovus Energy's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.1) | |||
| Mean Deviation | 1.62 | |||
| Coefficient Of Variation | (1,857) | |||
| Standard Deviation | 2.09 | |||
| Variance | 4.35 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.11) | |||
| Maximum Drawdown | 10.11 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 3.23 | |||
| Skewness | (0.45) | |||
| Kurtosis | 0.4574 |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.1) | |||
| Mean Deviation | 1.62 | |||
| Coefficient Of Variation | (1,857) | |||
| Standard Deviation | 2.09 | |||
| Variance | 4.35 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.11) | |||
| Maximum Drawdown | 10.11 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 3.23 | |||
| Skewness | (0.45) | |||
| Kurtosis | 0.4574 |
Consider Cenovus Energy's intraday 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
| 24th of September 2024 Other Reports | ViewVerify | |
6K | 1st of August 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 |
Cenovus Stock media impact
Far too much social signal, news, headlines, and media speculation about Cenovus Energy that are available to investors today. That information is available publicly through Cenovus media outlets and privately through word of mouth or via Cenovus internal channels. However, regardless of the origin, that massive amount of Cenovus data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Cenovus Energy news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Cenovus Energy relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Cenovus Energy's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Cenovus Energy alpha.
Cenovus Energy Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Cenovus Energy can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Cenovus Energy Historical Investor Sentiment
Investor biases related to Cenovus Energy's public news can be used to forecast risks associated with an investment in Cenovus. The trend in average sentiment can be used to explain how an investor holding Cenovus can time the market purely based on public headlines and social activities around Cenovus Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cenovus Energy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cenovus Energy and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Cenovus Energy news discussions. The higher the estimate score, the more favorable the investor's outlook on Cenovus Energy.
Cenovus Energy Corporate Directors
| Steven Leer | Independent Director | Profile | |
| Kin Fok | Non-Independent Director | Profile | |
| Susan Dabarno | Independent Director | Profile | |
| Jane Kinney | Independent Director | Profile |
Additional Information and Resources on Investing in Cenovus Stock
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 closely tied 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Oil, Gas & Consumable Fuels space 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 0.205 | Dividend Share 0.6 | Earnings Share 1.86 | Revenue Per Share 29.871 | Quarterly Revenue Growth 0.217 |
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.
In summary, please note that there is a difference between Cenovus Energy's value and its price, as these two are different measures arrived at by various 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.