Cenovus Energy (CVE) Projected to Post Earnings on Wednesday

Key Points

• Cenovus Energy is set to report Q1 2026 results on Wednesday, May 6 (earnings call at 11:00 AM ET), with analysts forecasting about $0.56 EPS and $9.47 billion in revenue.
• The company recently beat EPS estimates last quarter ($0.36 vs. $0.28) but missed revenue expectations, and analysts still expect roughly $2.00 EPS for the current and next fiscal year with an average rating of "Buy" and a $29.67 target.
• Cenovus pays a quarterly dividend of $0.20 (annualized $0.80), yielding about 2.7% with a payout ratio near 38.6%.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE is projected to announce its Q1 2026 results before the market opens on Wednesday, May 6th. Analysts expect the company to announce earnings of $0.56 per share and revenue of $9.4709 billion for the quarter. Parties may visit the the company's upcoming Q1 2026 earning results page for the latest details on the call scheduled for Wednesday, May 6, 2026 at 11:00 AM ET.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last announced its quarterly earnings data on Thursday, February 19th. The oil and gas company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.08. The firm had revenue of $9.44 billion during the quarter, compared to analyst estimates of $10.89 billion. Cenovus Energy had a return on equity of 13.25% and a net margin of 7.92%.During the same period last year, the company posted $0.07 EPS. On average, analysts expect Cenovus Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Cenovus Energy Price Performance

Shares of CVE opened at $29.28 on Friday. The business's 50-day moving average is $24.92 and its 200-day moving average is $20.45. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.04. The company has a market capitalization of $54.90 billion, a price-to-earnings ratio of 19.14 and a beta of 0.34. Cenovus Energy has a fifty-two week low of $11.60 and a fifty-two week high of $29.34.

Cenovus Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.7%. Cenovus Energy's payout ratio is presently 38.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Scotiabank upgraded shares of Cenovus Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 20th. UBS Group reaffirmed a "buy" rating on shares of Cenovus Energy in a research note on Thursday, April 9th. Wall Street Zen raised shares of Cenovus Energy from a "hold" rating to a "buy" rating in a research note on Saturday, April 18th. The Goldman Sachs Group lifted their price objective on Cenovus Energy from $22.00 to $29.00 and gave the company a "buy" rating in a research report on Thursday, March 12th. Finally, Zacks Research upgraded Cenovus Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 22nd. Four research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $29.67.

Institutional Trading of Cenovus Energy

Several hedge funds have recently added to or reduced their stakes in CVE. Transamerica Financial Advisors LLC increased its position in Cenovus Energy by 1,302.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,543 shares of the oil and gas company's stock worth $26,000 after buying an additional 1,433 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Cenovus Energy in the fourth quarter valued at approximately $38,000. Advisory Services Network LLC bought a new stake in shares of Cenovus Energy in the third quarter valued at approximately $50,000. Geneos Wealth Management Inc. grew its stake in shares of Cenovus Energy by 74.1% in the second quarter. Geneos Wealth Management Inc. now owns 3,253 shares of the oil and gas company's stock worth $44,000 after acquiring an additional 1,384 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Cenovus Energy by 491.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,786 shares of the oil and gas company's stock worth $65,000 after acquiring an additional 3,146 shares during the last quarter. Institutional investors own 51.19% of the company's stock.

About Cenovus Energy

Cenovus Energy Inc is a Canadian integrated energy company engaged in the exploration, development and production of crude oil, natural gas liquids and natural gas, together with downstream refining and marketing activities. Headquartered in Calgary, Alberta, Cenovus operates a mix of oil sands thermal and dilbit assets, conventional oil and gas properties, and owns refining and midstream assets designed to move and process hydrocarbons into finished petroleum products for commercial markets.

The company was originally formed as a spin‑off from Encana Corporation in 2009 and has grown through organic development and strategic acquisitions.

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