There Is A Quest For Clarity Surrounding Cenovus Energy Inc (NYSE: CVE) Volatility

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Cenovus Energy Inc is listed on the NYSE in the Energy sector while operating in the Oil & Gas Integrated industry. The current market capitalization of Cenovus Energy Inc is $38.62B. A total of 12.8 million shares were traded on the day, compared to an average of 11.75M shares.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Cenovus Energy Inc pays an annual dividend of $0.42, resulting in a dividend yield of 2.02%, and it has a price to earnings (P/E) ratio of 13.08. CVE’s most recent ex-dividend date was 3/14/2024 when it declared a $0.1033 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/14/2023. The CVE stock dividend was $0.1008 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, CVE has a high of $21.90 and a low of $14.69.

As of this writing, CVE has an earnings estimate of $CVE/USD per share for the current quarter. EPS was calculated based on a consensus of CVE/BRX estimates, with a high estimate of $CVS Health Corporation per share and a lower estimate of $Chevron Corporation.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CVE’s latest balance sheet shows that the firm has $2.87B in Cash & Short Term Investments as of fiscal 2021. There were $15.42B in debt and $7.30B in liabilities at the time. Its Book Value Per Share was $11.42, while its Total Shareholder’s Equity was $23.61B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CVE is Buy with a score of 4.85.

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