Finance

Comparing Profitability of these two stocks: Cenovus Energy Inc (NYSE:CVE), DTE Energy Company (NYSE:DTE)

Cenovus Energy Inc (NYSE:CVE)

Cenovus Energy Inc (NYSE:CVE), ended its previous trading session at $6.36 showing a loss of -0.0800000000000001 or -1.24 percent with respect to the price of $6.44 when stock market opened. The company traded 11.13 Million shares over the course of the trading day. Giving the average volume of 9.05 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 1.23 Billion.

Cenovus Energy Inc (NYSE:CVE) is currently trading lower than its price target which is set to $10.85 by the analyst. The stock is -35.23% Below its 1-Year High which is $9.82. CVE has a difference of 351.06% from its 1 year low which stands at $1.41. The company is currently rated by analyst who are keeping a close eye on the stock as 2.5. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.

Cenovus Energy Inc (NYSE:CVE) Performance Snapshot

The stock performed exceptionally bad in the previous week which depicts an decrease of -4.22 percent in the shares price. The company added about 2.58% in its share price over 1-Month. While taking about the performance of the stock over 1-year interval is -34.23 Percent. CVE currently shows 5.3% as its year to date performance.

Cenovus Energy Inc (NYSE:CVE) Price Insight

The stock needs to grow about $4.49 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are 3.84%, 21.01% and 44.66 percent respectively. The stock trades about 4.77 percent of its Float giving its total shares Outstanding are 1.23 Billion. CVE gained about 43.89 percent in 6 months showing its Average True Range of 0.3. The company currently has a RSI and Beta of 59.48 and 3.23.

While talking about Cenovus Energy Inc (NYSE:CVE) valuation ratios, the stock trades with a P/S and P/B of 1.16 and 0.58 which is significantly better and attractive as compared to its peers.

DTE Energy Company (NYSE:DTE)

DTE Energy Company (NYSE:DTE), closed the last trading session at $119.26 with increase of $1.28 or 1.08 percent against the opening price of $117.98. The trading day volume of the company stands at 1.24 Million shares while the average trading volume of DTE Energy Company (NYSE:DTE) is 1.13 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 193 Million.

The price target of DTE Energy Company (NYSE:DTE) is currently set at 138.76 by the analysts. The stock is $-12.1 Below its 1-Year High which is $135.67. DTE hit its 1-Year low price of $71.21. The company is currently rated by analyst who are keeping a close eye on the stock as 2. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.

Performance Indicators of DTE Energy Company (NYSE:DTE)

The value of the stock decreased by -0.27% during the previous week performance. Looking at the 1 month performance of DTE Energy Company (NYSE:DTE), the stock dipped -3.99%. While the 1 year performance shows a negative percentage of -7.97 and year to date performance stands at -1.77%.

DTE Energy Company (NYSE:DTE) Analytical Review

The stock needs to grow about $19.5 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are -1.15%, -4.58% and 4.47 percent respectively. The stock trades about 0.81 percent of its Float giving its total shares Outstanding are 193 Million. DTE gained about 9.63 percent in 6 months showing its Average True Range of 2.46. The company currently has a RSI and Beta of 43.36 and 0.62.

While talking about DTE Energy Company (NYSE:DTE) valuation ratios, the stock trades with a P/S and P/B of 1.93 and 1.87 which is significantly better and attractive as compared to its peers.

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