Cenovus Energy Stock Buy Hold or Sell Recommendation
| CVE Stock | USD 21.23 0.04 0.19% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Cenovus Energy is 'Strong Buy'. Macroaxis provides Cenovus Energy buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CVE positions. The advice algorithm takes into account all of Cenovus Energy's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Cenovus Energy's buy or sell advice are summarized below:
Real Value 22.77 | Target Price 22.07 | Hype Value 20.86 | Market Value 21.23 | Naive Value 20.37 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Cenovus Energy given historical horizon and risk tolerance towards Cenovus Energy. When Macroaxis issues a 'buy' or 'sell' recommendation for Cenovus Energy, the advice is generated through an automated system that utilizes algorithms and statistical models.
Cenovus |
Execute Cenovus Energy Buy or Sell Advice
The Cenovus recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Cenovus Energy. Macroaxis does not own or have any residual interests in Cenovus Energy or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Cenovus Energy's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Cenovus Energy Trading Alerts and Improvement Suggestions
| About 56.0% of the company shares are held by institutions such as insurance companies | |
| On 28th of March 2024 Cenovus Energy paid $ 0.1037 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Heres Why Cenovus Energy is a Strong Momentum Stock |
Cenovus Energy Returns Distribution Density
The distribution of Cenovus Energy's historical returns is an attempt to chart the uncertainty of Cenovus Energy's future price movements. The chart of the probability distribution of Cenovus Energy daily returns describes the distribution of returns around its average expected value. We use Cenovus Energy price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Cenovus Energy returns is essential to provide solid investment advice for Cenovus Energy.
| Mean Return | 0.56 | Value At Risk | -1.87 | Potential Upside | 2.67 | Standard Deviation | 1.54 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Cenovus Energy historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
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 originates 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.
| Shares | Bank Of America Corp | 2023-12-31 | 19.7 M | Fidelity International Ltd | 2023-12-31 | 17.3 M | Millennium Management Llc | 2023-12-31 | 16.5 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 15 M | Cibc Global Asset Management Inc | 2023-12-31 | 15 M | Egerton Capital Llp | 2023-12-31 | 14.2 M | Bank Of Nova Scotia | 2023-12-31 | 13.1 M | Mackenzie Investments | 2023-12-31 | 11.1 M | Capital Research & Mgmt Co - Division 3 | 2023-12-31 | 10.7 M | Capital World Investors | 2023-12-31 | 150.5 M | Capital Research Global Investors | 2023-12-31 | 120.4 M |
Cenovus Energy Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (595M) | 192M | 2.5B | 1.7B | (2.3B) | (2.2B) | |
| Free Cash Flow | 2.1B | (586M) | 3.4B | 7.6B | 3.1B | 3.2B | |
| Depreciation | 2.2B | 2.3B | 4.3B | 4.4B | 4.8B | 2.5B | |
| Other Non Cash Items | 389M | 106M | 524M | (628M) | 9.5B | 10.0B | |
| Capital Expenditures | 1.2B | 859M | 2.6B | 3.8B | 4.3B | 2.6B | |
| Net Income | 2.2B | (2.4B) | 587M | 6.5B | 4.1B | 4.3B | |
| End Period Cash Flow | 186M | 378M | 2.9B | 4.5B | 2.2B | 1.7B | |
| Dividends Paid | 260M | 77M | 210M | 927M | 1.0B | 530.1M | |
| Investments | (1.4B) | (863M) | 17M | (2.3B) | (5.2B) | (4.9B) | |
| Net Borrowings | (2.2B) | 914M | (2.0B) | (4.4B) | (4.0B) | (3.8B) | |
| Change To Netincome | (868M) | (581M) | 2.4B | (111M) | (127.7M) | (121.3M) |
Cenovus Energy Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Cenovus Energy or Oil, Gas & Consumable Fuels sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Cenovus Energy's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Cenovus stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.47 | |
β | Beta against NYSE Composite | 0.93 | |
σ | Overall volatility | 1.55 | |
Ir | Information ratio | 0.30 |
Cenovus Energy Volatility Alert
Cenovus Energy has relatively low volatility with skewness of 1.01 and kurtosis of 5.12. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Cenovus Energy's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Cenovus Energy's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Cenovus Energy Implied Volatility
Cenovus Energy's implied volatility exposes the market's sentiment of Cenovus Energy stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cenovus Energy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cenovus Energy stock will not fluctuate a lot when Cenovus Energy's options are near their expiration.
Cenovus Energy Fundamentals Vs Peers
Comparing Cenovus Energy's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Cenovus Energy's direct or indirect competition across all of the common fundamentals between Cenovus Energy and the related equities. This way, we can detect undervalued stocks with similar characteristics as Cenovus Energy or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Cenovus Energy's fundamental indicators could also be used in its relative valuation, which is a method of valuing Cenovus Energy by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Cenovus Energy to competition |
| Fundamentals | Cenovus Energy | Peer Average |
| Return On Equity | 0.15 | -0.31 |
| Return On Asset | 0.0616 | -0.14 |
| Profit Margin | 0.08 % | (1.27) % |
| Operating Margin | 0.08 % | (5.51) % |
| Current Valuation | 48.07 B | 16.62 B |
| Shares Outstanding | 1.87 B | 571.82 M |
| Shares Owned By Insiders | 31.50 % | 10.09 % |
| Shares Owned By Institutions | 55.56 % | 39.21 % |
| Number Of Shares Shorted | 28.29 M | 4.71 M |
| Price To Earning | 14.01 X | 28.72 X |
| Price To Book | 1.90 X | 9.51 X |
| Price To Sales | 0.75 X | 11.42 X |
| Revenue | 52.2 B | 9.43 B |
| Gross Profit | 16 B | 27.38 B |
| EBITDA | 10.27 B | 3.9 B |
| Net Income | 4.11 B | 570.98 M |
| Cash And Equivalents | 3.69 B | 2.7 B |
| Cash Per Share | 1.91 X | 5.01 X |
| Total Debt | 9.95 B | 5.32 B |
| Debt To Equity | 0.54 % | 48.70 % |
| Current Ratio | 1.73 X | 2.16 X |
| Book Value Per Share | 15.05 X | 1.93 K |
| Cash Flow From Operations | 7.39 B | 971.22 M |
| Short Ratio | 2.41 X | 4.00 X |
| Earnings Per Share | 1.54 X | 3.12 X |
| Price To Earnings To Growth | 0.45 X | 4.89 X |
| Target Price | 23.36 | |
| Number Of Employees | 6.92 K | 18.84 K |
| Beta | 2.78 | -0.15 |
| Market Capitalization | 39.7 B | 19.03 B |
| Total Asset | 53.91 B | 29.47 B |
| Retained Earnings | 8.91 B | 9.33 B |
| Working Capital | 3.5 B | 1.48 B |
Cenovus Energy Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Cenovus . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Cenovus Energy Buy or Sell Advice
When is the right time to buy or sell Cenovus Energy? Buying financial instruments such as Cenovus Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 15.4B | 11.6B | 9.9B | 8.7B | Total Assets | 54.1B | 55.9B | 53.9B | 35.9B |
Use Investing Ideas to Build Portfolios
In addition to having Cenovus Energy in your portfolios, you can quickly 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 investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Electronics Thematic Idea Now
Electronics
Companies manufacturing electronic appliances and goods. The Electronics theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Electronics Theme or any other thematic opportunities.
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Check out Cenovus Energy Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Cenovus Stock analysis
When running Cenovus Energy's 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 the 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.
Quarterly Earnings Growth (0.03) | Dividend Share 0.525 | Earnings Share 1.54 | Revenue Per Share 27.541 | Quarterly Revenue Growth (0.07) |
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 if Cenovus Energy is a good investment 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.