With 5.97 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.91 million shares. During the session, the Oil & Gas Integrated company that operates in wider Energy sector, reached to the highest price of $19.8 whereas the lowest price it dropped to was $19.26. The 52-week range on CVE shows that it touched its highest point at $21.79 and its lowest point at $14.62 during that stretch. It currently has a 1-year price target of $24.67. With its current market cap of 36.76 billion, CVE has annualized dividend of $0.44 while the current yield stands at 2.24%. Beta for the stock currently stands at 2.08.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CVE was down-trending over the past week, with a drop of -2.18%, but this was up by 2.22% over a month. Three-month performance dropped to -6.46% while six-month performance rose 28.61%. The stock gained 9.47% in the past year, while it has gained 19.27% so far this year. A look at the trailing 12-month EPS for CVE yields 1.80 with Next year EPS estimates of 2.17. For the next quarter, that number is 0.50. This implies an EPS growth rate of 30.11% for this year and 6.31% for next year.
Float and Shares Shorts:
At present, 1.87 billion CVE shares are outstanding with a float of 1.31 billion shares on hand for trading. On 2024-07-15, short shares totaled 17.76 million, which was 93.0 higher than short shares on 1718323200. In addition to Mr. Alexander J. Pourbaix as the firm’s Executive Chair, Mr. Jonathan M. McKenzie CA serves as its President, CEO & Non-Independent Director.
Institutional Ownership:
Through their ownership of 0.55929 of CVE’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, CVE reported revenue of $14144000000.0 and operating income of $1686000000.0. The EBITDA in the recently reported quarter was $3009000000.0 and diluted EPS was $0.62.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CVE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.