Canadian stock alert


Afternoon Alert: Cenovus Energy lifts 2.2% 20 June 2018 14:43 EDT


Cenovus Energy Inc. (TSX:CVE) traded on volume of 0.7 times average so far today while the price lifted 28.0c (or 2.2%) to trade at CAD12.78.

Current indications of bullish signals that support the trend in the unusual trading:

+ The stock has outperformed 86% of the Canadian market over the past 6 months.

+ In the last three months the stock has hit a new 52-week high twice.

+ The present value of CAD1,000 invested one year ago is CAD1,402 [vs CAD1,088 for the S&P/TSX 60 Index].

Fundamental measures by comparison with the sector average [in brackets] indicate:


+ Price/Earnings of 4.2 [11.4]

+ Return on Assets 5.5% [3.4%]

+ Return on Equity 11.4% [7.1%]

+ Return on Capital Employed 7.8% [5.2%]

Other Bullish Signals include:

+ Total Liabilities/EBITDA of 4.5 is less than the Joseph Piotroski benchmark of <5.


Cenovus Energy today is at a discount of 12.4% to the 12-month high of CAD14.59 on 22 May, 2018. It is at a premium of 46.3% to the 12-month low of CAD8.74 on 07 Jul, 2017.

Bearish Signals:

The negative 0.19 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

The price plummeted 10.6% in the last month.

Tobin's Q Ratio is 0.4. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Net profit margin has averaged 4.6% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

Fundamental measures by comparison with the sector average [in brackets] indicate:


Dividend yield of 1.6% [2.4%]

Cenovus Energy Inc. (T:CVE; TSE:CVE; N:CVE; CN:CVE)

ISIN: CA15135U1093

PermID: 5000476898

CIK: Cenovus Energy Inc.