Cenovus Stock Analysis

CVE -  USA Stock  

USD 14.49  0.05  0.35%

The latest surge in Cenovus Energy short term price appreciation could raise concerns from shareholders as the firm it trading at a share price of 14.49 on 15,083,769 in volume. The company directors and management have successfully maneuvered the firm at convenient times to take advantage of all market conditions in December. The stock standard deviation of daily returns for 90 days investing horizon is currently 2.64. The current volatility is consistent with the ongoing market swings in December 2021 as well as with Cenovus Energy unsystematic, company-specific events.
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Cenovus Stock Analysis 

The Cenovus Energy stock analysis report makes it easy to digest most publicly released information about Cenovus Energy and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Cenovus Stock analysis module also helps to analyze the Cenovus Energy price relationship with some important fundamental indicators such as market cap and management efficiency.

Cenovus Stock Analysis Notes

About 32.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.23. Some equities with similar Price to Book (P/B) outperform the market in the long run. Cenovus Energy next dividend is scheduled to be issued on the 14th of December 2021. 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 2413 people. For more info on Cenovus Energy please contact Alexander Pourbaix at 403 766 2000 or go to https://www.cenovus.com.

Cenovus Energy Quarterly Cost of Revenue

9.8 BillionShare

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.
Cenovus Energy was previously known as Cenovus Energy and was traded on New York Stock Exchange under the symbol CVE-WS.
Cenovus Energy has a strong financial position based on the latest SEC filings
About 32.0% of the company shares are held by company insiders
Latest headline from www.baystreet.ca: Stocks Jump at Outset - Baystreet.ca

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.
Upcoming Quarterly Report8th of February 2022
Next Earnings Report6th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End8th of February 2022
Last Quarter Report30th of September 2021
Last Earning Announcement31st of December 2020

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.
Fiscal Date
Estimated EPS
Reported EPS
View All Earnings Estimates

Cenovus Energy SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Cenovus Energy prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Cenovus Energy investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Cenovus Energy specific information freely available to individual and institutional investors to make a timely investment decision.
10th of January 2022
Other Events
16th of December 2021
Other Events. Unclassified Corporate Event
8th of December 2021
Other Events
30th of November 2021
Other Events
10th of November 2021
Unclassified Corporate Event
4th of November 2021
Other Events
3rd of November 2021
Other Events
22nd of October 2021
Unclassified Corporate Event

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 Stocks IdeaPower Stocks
High potential, large capitalization stocks theme
Petroleum and Natural IdeaPetroleum and Natural
USA Equities from Petroleum and Natural 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.
Security TypeSharesValue
ConocophillipsCommon Shares90.9 M1.1 B
Mg Investment Management LtdCommon Shares9.2 M116.7 M
Russell Investments Group LtdCommon Shares1.8 M21.7 M
Nexus Investment Management UlcCommon Shares1.8 M21.4 M
National Bank Of CanadaCommon Shares1.6 M19.2 M
Mg Investment Management LtdWarrants1.2 M15.3 M
Jcic Asset Management IncCommon Shares501.2 K6.2 M
Foundation Resource Management IncCommon Shares318.1 K3.9 M
Cutler Group LpCall Options425.3 K420 K
Note, although Cenovus Energy's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Cenovus Market Capitalization

The company currently falls under 'Large-Cap' category with total capitalization of 29.24 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 these 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 2.35 %, 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 considered to be average in the sector. In the same way, it shows Net Operating Margin of 16.52 %, which entails that for every 100 dollars of revenue, it generated 0.17 of operating income.
Last ReportedProjected for 2022
Return on Average Assets(0.06) (0.07) 
Return on Average Equity(0.12) (0.14) 
Return on Invested Capital(0.06) (0.07) 
Return on Sales(0.18) (0.18) 

Management Efficiency

The entity has Return on Asset of 3.04 % which means that on every $100 spent on asset, it made $3.04 of profit. This is considered to be average in the sector. In the same way, it shows return on shareholders equity (ROE) of 4.07 %, implying that it generated $4.07 on every 100 dollars invested. Cenovus Energy 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 January 29, 2022, Return on Average Assets is expected to decline to -0.07. In addition to that, Return on Average Equity is expected to decline to -0.14. Cenovus Energy Tax Assets are projected to increase significantly based on the last few years of reporting. The past year's Tax Assets were at 65.55 Million. The current year Asset Turnover is expected to grow to 0.43, whereas Assets Non Current are forecasted to decline to about 32.3 B.
Last ReportedProjected for 2022
Book Value per Share 15.64  16.37 
Enterprise Value over EBIT(6.30) (6.46) 
Enterprise Value over EBITDA 27.74  29.93 
Price to Book Value 0.51  0.52 
Tangible Assets Book Value per Share 22.34  24.17 
Enterprise Value13.1 B15.2 B
Tangible Asset Value35.1 B34.6 B

Technical Drivers

As of the 29th of January, Cenovus Energy shows the Mean Deviation of 2.03, risk adjusted performance of 0.1153, and Downside Deviation of 2.56. 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 rivals. 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 14.49 per share. Given that Cenovus Energy has jensen alpha of 0.4171, 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

The output start index for this execution was seven with a total number of output elements of fifty-four. The Mid-point Price over period is an average of Cenovus Energy highest and lowest prices attained during the given period. View also all equity analysis or get more info about midpoint price over period overlap studies indicator.

Cenovus Energy Technical and Predictive Indicators

Cenovus Energy Forecast Models

Cenovus Energy time-series forecasting models is one of many Cenovus Energy's stock analysis techniquest aimed to predict 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 stock 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 stock is reacting to, or reflecting on a current stock 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 ReportedProjected for 2022
EBITDA Margin 0.05  0.05 
Gross Margin 0.12  0.14 
Profit Margin(0.16) (0.16) 
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 2413 people.

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 PriceAdvice# of Analysts
Cenovus Energy current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
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 Analyst Advice Details

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.
Quick Ratio0.87
Trailing Annual Dividend Rate0.05
Fifty Two Week Low5.56
Revenue Growth247.00%
Payout Ratio15.44%
Average Daily Volume Last 10 Day12.8M
Shares Short Prior Month13.11M
Average Daily Volume In Three Month10.05M
Shares Percent Shares Out0.73%
Gross Margins22.50%
Forward Price Earnings8.38
Float Shares1.37B
Fifty Two Week High15.35
Fifty Day Average12.78
Enterprise Value To Ebitda7.29
Two Hundred Day Average10.08
Enterprise Value To Revenue1.20
Trailing Annual Dividend Yield0.36%
Continue to Trending Equities. 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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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When running Cenovus Energy 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 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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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.
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 Cenovus Energy value 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.