CVE stock: buy or sell?
November 19th, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-26||Goldman Sachs Group||Neutral||Buy|
|2019-9-19||Royal Bank of Canada||n/a||Outperform|
|2019-4-16||Goldman Sachs Group||Sell||Neutral|
CVE stock analysis
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%).
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 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 $11.50Predicting 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-26||Goldman Sachs Group||Upgrades||n/a||$12.00||-|
|2019-4-16||Goldman Sachs Group||Upgrades||n/a||$11.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareCenovus 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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.
|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 M||40.97%||$3,366 M19.4%||-717.61%|
|2018||$21,389 M||23.54%||$-2,669.00 M-12.5%||-179.29%|
Quarterly financial resultsCenovus 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%.
|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 M||15.45%||$493.01 M11.9%||-986.32%|
|2018-Q1||$4,703 M||13.48%||$-654.00 M-13.9%||-232.66%|
|2018-Q2||$6,027 M||28.15%||$-418.00 M-6.9%||-36.09%|
|2018-Q3||$6,143 M||1.92%||$-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 M||15.04%||$110.00 M2.1%||-108.11%|
Cenovus Energy ownershipWhen 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:
|Market cap||$10.9 B||$8.6 B||$33.6 B||$41.5 B||$18.9 B|
|Total shares||1,230.0 M||376.0 M||1,190.0 M||581.8 M||753.0 M|
|Float shares||1,020.0 M||374.8 M||1,150.0 M||579.0 M||231.6 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Tuesday, November 19th, 2019|
|Day range||$8.83 - $9.11|
|Average true range||$0.31|
|50d mov avg||$9.06|
|100d mov avg||$8.95|
|200d mov avg||$8.87|
Cenovus Energy performanceTo 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:
|CNQCanadian Natural ...||25.98%||11.72%||18.22%|
Cenovus Energy competitorsOne 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.
- Apache (APA)
- Canadian Natural Resources (CNQ)
- EOG Resources (EOG)
- Imperial Oil (IMO)
- Marathon Oil (MRO)
- Suncor Energy (SU)
Latest CVE stock news
- Seeking AlphaA Focus On Energy: Cenovus Energy Is UndervaluedJuly 9, 2019
- Seeking AlphaCenovus Energy Cash Flow Will Jump AgainMay 15, 2019
- Seeking AlphaCenovus Energy Is Getting Rid Of Some Painful Roosting ChickensApril 7, 2019
- Seeking AlphaCenovus Energy: Cash Flow BlastDecember 10, 2018
- Seeking AlphaCash Flow Autobahn Ahead For Cenovus EnergyAugust 16, 2018