CVE stock: buy or sell?

CVE stock price: $8.89 -2.84% At close on November 19th, 2019

Updated on:
November 19th, 2019

1

Cenovus Energy eased a godawful -2.84% and closed at $8.89.

Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States.

Should I buy CVE stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to define your own trading plan that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Cenovus Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean CVE will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Cenovus Energy stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we gathered 5 ratings published for CVE stock in the last 30 days.

The general sentiment of these ratings is bullish for CVE stock, with 3 positive ratings.
Is CVE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-26Goldman Sachs GroupNeutralBuy
2019-9-19Royal Bank of Canadan/aOutperform
2019-8-29CSFBn/an/a
2019-7-18CIBCNeutralOutperform
2019-4-16Goldman Sachs GroupSellNeutral

CVE stock analysis

Daily outlook

Cenovus Energy shares eased -2.84% to $8.89 today.

Cenovus Energy shares eased -2.84% to $8.89 today. On Nov/4 CVE price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. Since last September when SMA50d and SMA100d crossed up, CVE price slipped $-0.18 per share (-1.98%).

CVE stock chart (daily)

Weekly outlook

Cenovus Energy eased a terrifying -4.10% this week. Late September CVE plummed a scary -12.66% in just one week.

Cenovus Energy stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Since early May when SMA20w and SMA40w crossed up, CVE price slipped $-0.05 per share (-0.56%).

CVE stock chart (weekly)

CVE stock price history

CVE IPO was on November 20th, 2009 at $0.17 per share1. Since then, CVE stock grew a 5,129.40%, with an average of 569.90% per year. If you had invested $1,000 in CVE stock in 2009, it would worth $51,294.00 today.

1: Adjusted price after possible price splits or reverse-splits.

CVE stock historical price chart

CVE stock reached 52-week highs on September at $10.82, and all-time highs 2011-07-26 with a price of 32.9.

CVE stock price target is $11.50

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We found 2 price targets for Cenovus Energy stock posted in the last 30 days:
CVE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-26Goldman Sachs GroupUpgradesn/a$12.00-
2019-4-16Goldman Sachs GroupUpgradesn/a$11.00-
(in average)$0.00$11.500.0%
Moving in a range from $12.00 and $11.00, the price target for Cenovus Energy stock is $11.50. In average, analysts' outlook on CVE price target is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Cenovus Energy presented dazzling results for 2018-Q4 on February. Cenovus Energy climbed Earnings per Share (EPS) by 543.80%, beating analysts of $-0.16. Cenovus Energy posted $-1.03.
CVE earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a2.32n/a
2017-Q3-n/a0.23n/a
2017-Q4-n/a-0.65n/a
2018-Q12018-04-25-0.13-0.48n/a
2018-Q22018-07-26n/a-0.19n/a
2018-Q32018-10-310.17-0.15n/a
2018-Q42019-02-13-0.16-1.03n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw an outstanding increase of 23.54% to $21,389.00 million USD. By contrast, its earnings margin (compared to sales) collapsed to -12.48%, that is $-2,669.00 million.

CVE annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$18,660 M-$662 M3.5%-
2014$17,302 M-7.28%$640 M3.7%-3.29%
2015$13,207 M-23.67%$618 M4.7%-3.47%
2016$12,282 M-7.00%$-545.00 M-4.4%-188.19%
2017$17,314 M40.97%$3,366 M19.4%-717.61%
2018$21,389 M23.54%$-2,669.00 M-12.5%-179.29%

Quarterly financial results

Cenovus Energy posted $4,516.00 M in revenues for 2018-Q4, a -26.49% decline compared to previous quarter. Reported quarter earnings marked $-1,356.00 M with a profit margin of -30.03%. Profit margin plummed a -26.10% compared to previous quarter when profit margin was -3.92%. When comparing revenues to same quarter last year, Cenovus Energy sales marked a great gain and jumped a 8.97%.
CVE quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$4,040 M-$2,580.00 M63.9%-
2017-Q3$3,590 M-11.15%$-55.62 M-1.5%-102.16%
2017-Q4$4,144 M15.45%$493.01 M11.9%-986.32%
2018-Q1$4,703 M13.48%$-654.00 M-13.9%-232.66%
2018-Q2$6,027 M28.15%$-418.00 M-6.9%-36.09%
2018-Q3$6,143 M1.92%$-241.00 M-3.9%-42.34%
2018-Q4$4,516 M-26.49%$-1,356.00 M-30.0%462.66%
2019-Q1$5,195 M15.04%$110.00 M2.1%-108.11%

Cenovus Energy ownership

When you are planning to invest in shares of a stock, it's always worth to check its ownership structure.

Cenovus Energy shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 17.16% of all shares.

In case of Cenovus Energy stock, 65.84% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for CVE stock account 0.00%, no big difference from last month.

For a better context understanding, the following table shows ownership data compared to other related companies:

CVEAPACNQEOGIMO
Market cap$10.9 B$8.6 B$33.6 B$41.5 B$18.9 B
Total shares1,230.0 M376.0 M1,190.0 M581.8 M753.0 M
Float shares1,020.0 M374.8 M1,150.0 M579.0 M231.6 M
  - Institutional holdings (%)65.8%102.3%73.2%89.2%20.6%
  - Insider holdings (%)17.2%0.3%2.2%0.5%69.9%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

CVE summary

Tuesday, November 19th, 2019
Open$9.11
Close$8.89
Day range$8.83 - $9.11
Previous close$9.15
Session gain-2.84%
Average true range$0.31
50d mov avg$9.06
100d mov avg$8.95
200d mov avg$8.87
Daily pattern
Weekly pattern lt06a

Cenovus Energy performance

To better understand Cenovus Energy performance you must becnhmark its gains with other related stocks in same sector or industry. In the following table, we compare Cenovus Energy performance to Apache, Canadian Natural Resources, EOG Resources, Imperial Oil, Marathon Oil, and Suncor Energy:
Stock3m6m12m
CVECenovus Energy7.50%8.68%27.55%
APAApache12.32%-14.06%-31.63%
CNQCanadian Natural ...25.98%11.72%18.22%
EOGEOG Resources-0.27%-17.64%-28.40%
IMOImperial Oil6.44%-6.62%-13.50%
MROMarathon Oil-1.97%-19.85%-25.66%
PSX24.23%43.86%36.60%
SUSuncor Energy15.87%5.29%2.55%

Cenovus Energy competitors

One check before trading any stock is to have a look a list of its competitors, in this case for Cenovus Energy. We selected 7 companies as Cenovus Energy competitors as they are in the same industry or have similar market objectives.

Latest CVE stock news