On Tuesday, Cenovus Energy Inc (NYSE: CVE) opened lower by -2.41%, closing at $17.87. Over the past 52 weeks, CVE has traded between $10.23 and $18.75, reflecting a wide trading range. Over the last five years, annual sales fell slightly by -1.85%, while the company’s average yearly earnings per share (EPS) stands at 17.21%. The company currently has a float of 1.33 billion shares and 1.76 billion shares outstanding.
Insider Moves Show Caution
Investor behavior in the Oil & Gas Integrated sector can be telling. CVE insiders hold 30.19% of shares, and institutional investors own 52.59%, indicating moderate professional backing. Recent insider transactions include a sale on August 6, 2025, worth $9,922,988, and another on June 17, 2025, where an affiliate sold 684,838 shares at $14.80, totaling $10,136,493. These moves suggest selective profit-taking despite the stock trading near its 52-week high.
Earnings Performance and Forecast
In its latest quarterly report ending December 31, 2024, Cenovus reported 0.19 EPS, essentially matching consensus forecasts. Analysts expect 0.24 EPS in the next fiscal year. Long-term EPS projections suggest growth of 13.25% over the next five years, a turnaround from a -1.85% decline in the previous five-year period.
Trading Performance Metrics
CVE shows stable fundamentals with a quick ratio of 1.18, a price-to-sales ratio of 0.92, and a price-to-free cash flow of 16.72 for the trailing twelve months. Trailing twelve-month diluted EPS is 1.23, expected to reach 0.27 next quarter and 1.25 over the next year.
Technical Analysis: Watch Key Levels
CVE’s 5-day average volume is 11.54 million, slightly below last year’s 13.5 million. The stock’s Stochastic %D is 25.74%, and the 100-day raw stochastic average is 73.09%, up from 39.16% over the past two weeks. Volatility is moderate with 14-day historical volatility of 0.53, above the 100-day volatility of 0.46.
Key technical levels:
- Resistance: $17.77, $18.11, $18.45
- Support: $17.09, $16.75, $16.41
CVE trades above its 50-day moving average ($17.36) and 200-day moving average ($14.86), indicating a bullish intermediate trend.
Cenovus Key Financials
Cenovus Energy has a market capitalization of $33.31 billion with 1,890,332K shares outstanding. Annual sales total $39,611M, with net income of $2,293M. In the latest quarter, the company reported $9,578M in sales and $933.51M in net income, reflecting strong energy sector fundamentals amid short-term price fluctuations.
