With 14.19 million shares changed hands, the volume of the stock remained heavier than its average volume of 10.19 million shares. The 52-week range on CVE shows that it touched its highest point at $21.79 and its lowest point at $12.07 during that stretch. It currently has a 1-year price target of $20.16. With its current market cap of 23.12 billion, CVE has annualized dividend of $0.49 while the current yield stands at 3.89%. Beta for the stock currently stands at 1.53.
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 -7.78%, but this was down by -15.35% over a month. Three-month performance dropped to -19.44% while six-month performance fell -29.44%. The stock lost -26.93% in the past year, while it has lost -16.30% so far this year. A look at the trailing 12-month EPS for CVE yields 1.21 with Next year EPS estimates of 1.77. For the next quarter, that number is 0.37. This implies an EPS growth rate of 31.49% for this year and 14.49% for next year. EPS is expected to grow by 22.25% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -1.85%.
Float and Shares Shorts:
At present, 1.82 billion CVE shares are outstanding with a float of 1.27 billion shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CVE since 6 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.15709 being high and $1.72021 being low. For CVE, this leads to a yearly average estimate of $1.85673. Based on analyst estimates, the high estimate for the next quarter is $0.26 and the low estimate is $0.26. The average estimate for the next quarter is thus $0.26.
