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CVE
Stock ticker:
NYSE
AS OF
Jul 1 closing price
Price
$18.95
Change
-$0.08 (-0.42%)
Capitalization
37.66B

CVE Price Prediction, Cenovus Energy AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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12:00 AM EDT Jul 01, 2022

CVE sees MACD Histogram crosses below signal line

CVE saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on June 10, 2022. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 42 instances where the indicator turned negative. In 32 of the 42 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 76%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 13, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on CVE as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

CVE moved below its 50-day moving average on June 16, 2022 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for CVE crossed bearishly below the 50-day moving average on June 27, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CVE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where CVE's RSI Oscillator exited the oversold zone, of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 59 cases where CVE's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CVE advanced for three days, in of 303 cases, the price rose further within the following month. The odds of a continued upward trend are .

CVE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 263 cases where CVE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CVE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: CVE's P/B Ratio (2.008) is slightly higher than the industry average of (1.119). P/E Ratio (25.000) is within average values for comparable stocks, (16.588). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.638). Dividend Yield (0.008) settles around the average of (0.140) among similar stocks. P/S Ratio (0.884) is also within normal values, averaging (4.853).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

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published price charts
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published Earnings

CVE is expected to report earnings to rise 29.17% to 79 cents per share on July 28

Cenovus Energy CVE Stock Earnings Reports
Q2'22
Est.
$0.79
Q1'22
Beat
by $0.22
Q4'21
Est.
$-0.16
Q3'21
Missed
by $0.14
Q2'21
Missed
by $0.17
The last earnings report on April 27 showed earnings per share of 61 cents, beating the estimate of 39 cents. With 8.56M shares outstanding, the current market capitalization sits at 37.66B.
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published Dividends

CVE paid dividends on December 31, 2021

Cenovus Energy CVE Stock Dividends
А quarterly dividend of $0.03 per share was paid with a record date of December 31, 2021, and an ex-dividend date of December 14, 2021. Read more...
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published Highlights

Notable companies

The most notable companies in this group are Exxon Mobil Corp (NYSE:XOM), Chevron Corp (NYSE:CVX), BP plc (NYSE:BP), Petroleo Brasileiro Sa-Petrobras ADS (REP 1 Common Share) (NYSE:PBR), Suncor Energy (NYSE:SU), YPF Sociedad Anonima (NYSE:YPF).

Industry description

Integrated oil companies are involved across nearly the entire oil value chain – from upstream operations like exploration and production, to downstream functions of refining and marketing. Exxon Mobil Corporation, Chevron Corporation and BP are major integrated oil companies. Their bottom lines’ response to crude oil prices could depend on the proportion of upstream vs. downstream businesses; for example, if a company has substantial downstream business, the adverse impact on their upstream business due to falling crude prices could be mitigated by benefits to its downstream business.

Market Cap

The average market capitalization across the Integrated Oil Industry is 45.64B. The market cap for tickers in the group ranges from 475.9K to 360.82B. XOM holds the highest valuation in this group at 360.82B. The lowest valued company is TRNAF at 475.9K.

High and low price notable news

The average weekly price growth across all stocks in the Integrated Oil Industry was 1%. For the same Industry, the average monthly price growth was -9%, and the average quarterly price growth was -1%. POGS experienced the highest price growth at 28%, while WDGJF experienced the biggest fall at -14%.

Volume

The average weekly volume growth across all stocks in the Integrated Oil Industry was -7%. For the same stocks of the Industry, the average monthly volume growth was 11% and the average quarterly volume growth was 122%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 38
P/E Growth Rating: 67
Price Growth Rating: 50
SMR Rating: 18
Profit Risk Rating: 81
Seasonality Score: -29 (-100 ... +100)
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published General Information

General Information

a company which engages in the development, production and marketing of natural gas, crude oil and natural gas liquids

Industry IntegratedOil

Profile
Fundamentals
Details
Industry
Oil And Gas Production
Address
225 - 6 Avenue SW
Phone
+1 403 766-3770
Employees
5938
Web
https://www.cenovus.com

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CVE and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, CVE has been closely correlated with SU. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if CVE jumps, then SU could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CVE
1D Price
Change %
CVE100%
-0.32%
SU - CVE
81%
Closely correlated
+1.43%
IMO - CVE
78%
Closely correlated
+0.17%
XOM - CVE
78%
Closely correlated
+2.23%
CVX - CVE
72%
Closely correlated
+1.19%
BP - CVE
70%
Closely correlated
-0.25%
More