Here's How Much You Would Have Made Owning Cenovus Energy Stock In The Last 5 Years
Portfolio Pulse from Benzinga Insights
Cenovus Energy (NYSE:CVE) has delivered an average annual return of 18.61% over the past 5 years, outperforming the market by 5.59% on an annualized basis. With a current market capitalization of $38.32 billion, an investment of $100 in CVE stock 5 years ago would be worth $227.02 today.
May 07, 2024 | 4:00 pm
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POSITIVE IMPACT
Cenovus Energy has shown significant growth over the past 5 years with an 18.61% average annual return, outperforming the market. Its market cap stands at $38.32 billion.
The positive performance of Cenovus Energy over the past 5 years, with an average annual return significantly above the market average, suggests a strong growth trajectory. This historical performance, coupled with a substantial market capitalization, indicates a potentially continued positive outlook for CVE in the short term. The investment growth from $100 to $227.02 further highlights the stock's strong returns, making it an attractive asset for investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100