Cenovus Energy (CVE) Stock Price, News & Analysis

Company Overview

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. In 2021 Cenovus completed the acquisition of Husky Energy, a transaction that expanded its asset base, added offshore and conventional production, and brought integrated downstream capabilities into the combined company. These moves reshaped Cenovus into a larger, more diversified Canadian energy producer with an integrated upstream-to-downstream business model.

Cenovus’s producing asset portfolio includes major oil sands thermal projects such as Foster Creek and Christina Lake, conventional acreage in Western Canada, and offshore operations acquired through Husky that serve the Atlantic Canada region. Its downstream footprint includes refining and marketing operations that supply product to Canadian and U.S. markets, supported by midstream logistics that connect production hubs to refineries and export terminals. The company serves both domestic Canadian markets and international customers through crude and refined product sales and export channels.

Governed by a Calgary‑based executive team and board of directors, Cenovus emphasizes operational efficiency, capital discipline and value capture across the commodity cycle. The company has also publicly focused on lowering emissions intensity and pursuing technologies and practices to manage environmental performance as part of its longer‑term strategy. Cenovus’s integrated structure is intended to provide flexibility across market environments by combining production with processing and marketing capabilities.

Key Stats

• Today's Range: $29.97 to $30.59
• 50-Day Range: $23.23 to $31.84
• 52-Week Range: $12.88 to $32.07
• Volume: 7.37 million shs
• Average Volume: 8.91 million shs
• Market Capitalization: $56.31 billion
• P/E Ratio: 16.50
• Dividend Yield: 1.96%
• Price Target: $35.25
• Consensus Rating: Buy

Cenovus Energy Stock Analysis - MarketRank™

Cenovus Energy scored higher than 92% of companies evaluated by MarketBeat, and ranked 15th out of 249 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.9 / 5
• Analyst Rating: Buy

Consensus Rating

Cenovus Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 strong buy ratings, 10 buy ratings, 2 hold ratings, and no sell ratings.

Upside Potential

Cenovus Energy has a consensus price target of $35.25, representing about 17.4% upside from its current price of $30.04.

Amount of Analyst Coverage

Cenovus Energy has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -8.31%

Earnings Growth

Earnings for Cenovus Energy are expected to decrease by -8.31% in the coming year, from $3.01 to $2.76 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cenovus Energy is 16.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 39.03.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cenovus Energy is 16.50, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 21.11.

Price to Book Value per Share Ratio

Cenovus Energy has a P/B Ratio of 2.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.60% of the float of Cenovus Energy has been sold short.

Short Interest Ratio / Days to Cover

Cenovus Energy has a short interest ratio ("days to cover") of 3.97, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cenovus Energy has recently decreased by 19.83%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Cenovus Energy pays a meaningful dividend of 1.95%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Cenovus Energy has only been increasing its dividend for 4 years.

Dividend Coverage

The dividend payout ratio of Cenovus Energy is 32.42%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Cenovus Energy will have a dividend payout ratio of 21.38% next year. This indicates that Cenovus Energy will be able to sustain or increase its dividend.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 1.06

News Sentiment

Cenovus Energy has a news sentiment score of 1.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Cenovus Energy this week, compared to 6 articles on an average week.

Search Interest

60 people have searched for CVE on MarketBeat in the last 30 days. This is an increase of 11% compared to the previous 30 days.

MarketBeat Follows

32 people have added Cenovus Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 1,500% compared to the previous 30 days.

Company Ownership

• Score: 0.6 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Cenovus Energy insiders have not sold or bought any company stock.

Percentage Held by Institutions

51.19% of the stock of Cenovus Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Record date for 3/31 Dividend: 3/13/2026
• Ex-Dividend for 3/31 Dividend: 3/13/2026
• Dividend Payable: 3/31/2026
• Last Earnings: 5/06/2026
• Today: 5/25/2026
• Record date for 6/30 Dividend: 6/15/2026
• Ex-Dividend for 6/30 Dividend: 6/15/2026
• Dividend Payable: 6/30/2026
• Next Earnings (Estimated): 7/30/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: OIL - C$ INTEGRTD
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:CVE
• CIK: 1475260
• Web: www.cenovus.com
• Phone: (403) 766-2000
• Fax: 403-766-7600
• Employees: 7,211
• Year Founded: 2009

Price Target and Rating

• Average Price Target for Cenovus Energy: $35.25
• High Price Target: $47.00
• Low Price Target: $29.00
• Potential Upside/Downside: +17.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 14 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.82
• Trailing P/E Ratio: 16.50
• Forward P/E Ratio: 9.98
• P/E Growth: N/A
• Net Income: $2.81 billion
• Net Margins: 9.53%
• Pretax Margin: 11.15%
• Return on Equity: 15.29%
• Return on Assets: 7.83%

Debt

• Debt-to-Equity Ratio: 0.33
• Current Ratio: 1.57
• Quick Ratio: 1.00

Sales & Book Value

• Annual Sales: $35.57 billion
• Price / Sales: 1.58
• Cash Flow: $3.46 per share
• Price / Cash Flow: 8.67
• Book Value: $12.65 per share
• Price / Book: 2.37

Miscellaneous

• Outstanding Shares: 1,874,910,000
• Free Float: N/A
• Market Cap: $56.31 billion
• Optionable: Optionable
• Beta: 0.37