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Cenovus Energy Stock

Cenovus Energy P/S 2024

Cenovus Energy P/S

0.94

Ticker

CVE.TO

ISIN

CA15135U1093

WKN

A0YD8C

As of Oct 8, 2024, Cenovus Energy's P/S ratio stood at 0.94, a 14.63% change from the 0.82 P/S ratio recorded in the previous year.

The Cenovus Energy P/S history

Cenovus Energy Aktienanalyse

What does Cenovus Energy do?

Cenovus Energy Inc. is a Canadian company that started operating in 2009. Its headquarters are located in Calgary, Alberta. However, the company's history dates back to 1881 when the Canadian Pacific Railway was founded. Over the following decades, the company became one of the largest in Canada and soon began to venture into the energy generation sector. When Canadian Pacific Railway acquired PanCanadian Energy Corporation in 2001, it transformed into an independent company known as EnCana Corporation. After some restructuring, Cenovus Energy Inc. was finally established in 2009 as an independent company. Cenovus Energy Inc.'s business model focuses on the exploration and production of oil and gas in both Canada and the United States. Various methods are used to access these valuable resources, with oil sands extraction playing a particularly significant role in extracting oil from the vast reserves in Alberta and Saskatchewan. Overall, Cenovus Energy Inc. can be divided into three main segments: - Exploration & Production: This involves searching for oil and gas reserves, as well as developing and operating extraction facilities. - Conventional Oil: This segment focuses on the extraction of conventional oil using traditional methods. - Refining & Marketing: This involves processing crude oil into various products such as gasoline, lubricants, and heating oil, which are then sold. Cenovus Energy has become one of the largest energy companies in Canada, employing over 8,000 employees. The company is listed on the Toronto Stock Exchange and the New York Stock Exchange. Cenovus Energy's products mainly include various oil and gas products that are marketed both domestically and internationally, with a focus on supplying North American companies. However, renewable energy production is not part of Cenovus Energy's core business. Cenovus Energy is also actively working to make its production more environmentally friendly. The company has significantly expanded its investment program in renewable energy to meet the energy needs of its production facilities. Additionally, technologies to reduce CO2 emissions are being implemented, and recycling processes are being developed. Overall, Cenovus Energy Inc. is an important player in the Canadian and North American energy industry. However, its focus on extracting fossil fuels also places it within the discussion on sustainable environmental practices and transitioning to renewable energy sources. Cenovus Energy ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/S Details

Decoding Cenovus Energy's P/S Ratio

Cenovus Energy's Price to Sales (P/S) Ratio is a crucial financial metric that measures the company's market valuation relative to its total sales revenue. It's calculated by dividing the company's market capitalization by its total sales over a specific period. A lower P/S ratio can indicate that the company is undervalued, while a higher ratio may suggest overvaluation.

Year-to-Year Comparison

Comparing Cenovus Energy's P/S ratio yearly provides insights into how the market perceives the company’s value relative to its sales. An increasing ratio over time can indicate growing investor confidence, while a decreasing trend might reflect concerns about the company’s revenue generation capabilities or market conditions.

Impact on Investments

The P/S ratio is instrumental for investors evaluating Cenovus Energy's stock. It offers insights into the company’s efficiency in generating sales and its market valuation. Investors use this ratio to compare similar companies within the same industry, aiding in selecting stocks that offer the best value for investment.

Interpreting P/S Ratio Fluctuations

Variations in Cenovus Energy’s P/S ratio can result from changes in the stock price, sales revenue, or both. Understanding these fluctuations is crucial for investors to evaluate the company’s current valuation and future growth potential, aligning their investment strategies accordingly.

Frequently Asked Questions about Cenovus Energy stock

What is the price-to-earnings ratio of Cenovus Energy?

The price-earnings ratio of Cenovus Energy is currently 0.94.

How has the price-earnings ratio of Cenovus Energy changed compared to last year?

The price-to-earnings ratio of Cenovus Energy has increased by 14.63% increased compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Cenovus Energy high compared to other companies?

Yes, the price-to-earnings ratio of Cenovus Energy is high compared to other companies.

How does an increase in the price-earnings ratio of Cenovus Energy affect the company?

An increase in the price-earnings ratio of Cenovus Energy would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Cenovus Energy affect the company?

A decrease in the price-earnings ratio of Cenovus Energy would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Cenovus Energy?

Some factors that influence the price-earnings ratio of Cenovus Energy are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Cenovus Energy pay?

Over the past 12 months, Cenovus Energy paid a dividend of 0.67 CAD . This corresponds to a dividend yield of about 2.66 %. For the coming 12 months, Cenovus Energy is expected to pay a dividend of 0.79 CAD.

What is the dividend yield of Cenovus Energy?

The current dividend yield of Cenovus Energy is 2.66 %.

When does Cenovus Energy pay dividends?

Cenovus Energy pays a quarterly dividend. This is distributed in the months of April, June, July, October.

How secure is the dividend of Cenovus Energy?

Cenovus Energy paid dividends every year for the past 18 years.

What is the dividend of Cenovus Energy?

For the upcoming 12 months, dividends amounting to 0.79 CAD are expected. This corresponds to a dividend yield of 3.16 %.

In which sector is Cenovus Energy located?

Cenovus Energy is assigned to the 'Energy' sector.

Wann musste ich die Aktien von Cenovus Energy kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Cenovus Energy from 9/27/2024 amounting to 0.18 CAD, you needed to have the stock in your portfolio before the ex-date on 9/13/2024.

When did Cenovus Energy pay the last dividend?

The last dividend was paid out on 9/27/2024.

What was the dividend of Cenovus Energy in the year 2023?

In the year 2023, Cenovus Energy distributed 0.464 CAD as dividends.

In which currency does Cenovus Energy pay out the dividend?

The dividends of Cenovus Energy are distributed in CAD.

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Andere Kennzahlen von Cenovus Energy

Our stock analysis for Cenovus Energy Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Cenovus Energy Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.