Ratings Cenovus Energy Inc. Toronto S.E.

Equities

CVE.PRA

CA15135U3073

End-of-day quote Toronto S.E. 03:30:00 28/06/2024 am IST 5-day change 1st Jan Change
17.95 CAD +2.34% Intraday chart for Cenovus Energy Inc. +8.79% +28.77%

Summary

  • Overall, and from a short-term perspective, the company presents an interesting fundamental situation.

Strengths

  • Its low valuation, with P/E ratio at 9.6 and 8.46 for the ongoing fiscal year and 2025 respectively, makes the stock pretty attractive with regard to earnings multiples.
  • With regards to fundamentals, the enterprise value to sales ratio is at 0.91 for the current period. Therefore, the company is undervalued.
  • The company has a low valuation given the cash flows generated by its activity.
  • Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
  • For several months, analysts have been revising their EPS estimates roughly upwards.
  • Analysts covering this company mostly recommend stock overweighting or purchase.
  • The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
  • The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.
  • Consensus analysts have strongly revised their opinion of the company over the past 12 months.
  • Analysts' price targets are all relatively close, reflecting good visibility on the company's valuation.

Weaknesses

  • As estimated by analysts, this group is among those businesses with the lowest growth prospects.
  • The group usually releases earnings worse than estimated.

Ratings chart - Surperformance

Sector: Integrated Oil & Gas

1st Jan change Capi. Investor Rating ESG Refinitiv
+28.77% 3.65TCr -
-16.06% 1,78600Cr
B
+15.14% 45TCr
B+
+53.10% 25TCr
B
+10.21% 23TCr
C+
+1.19% 15TCr
C+
+2.18% 9.16TCr
C+
-5.65% 8.31TCr
A-
-.--% 5.43TCr -
C
-6.48% 4.9TCr
A-
Investor Rating
Trading Rating
ESG Refinitiv
-

Financials

Sales growth
Earnings Growth
EBITDA / Sales
Profitability
Finances

Valuation

P/E ratio
EV / Sales
Price to Book
Price to Free Cash Flow
Yield

Momentum

1 year Revenue revision
4 months Revenue revision
7 days Revenue revision
1 year EPS revision
4 months EPS revision

Consensus

Analyst Opinion
Potential Price Target
4m Target Price Revision
4m Revision of opinion
12m Revision of opinion

Business Predictability

Analyst Coverage
Divergence of Estimates
Divergence of analysts' opinions
Divergence of Target Price
Earnings quality

Technical analysis

ST Timing
MT Timing
LT Timing
RSI
Bollinger Spread
Unusual volumes