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Cenovus Energy (CVE) Stock Price, News & Analysis

Cenovus Energy logo
$33.01 -0.23 (-0.68%)
As of 02:39 PM Eastern
This is a fair market value price provided by Massive. Learn more.

About Cenovus Energy Stock (NYSE:CVE)

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Key Stats

Today's Range
$32.31
▼
$33.79
50-Day Range
$29.86
▼
$33.91
52-Week Range
$15.63
▼
$34.16
Volume
4.77 million shs
Average Volume
10.22 million shs
Market Capitalization
$59.95 billion
P/E Ratio
12.69
Dividend Yield
1.94%
Price Target
$39.00
Consensus Rating
Buy

Company Overview

Cenovus Energy Inc. (NYSE:CVE) is an integrated Canadian energy company engaged in the exploration, development, production, transportation, and marketing of crude oil and natural gas. Its upstream operations include oil sands projects in northern Alberta, as well as conventional oil and natural gas assets in Canada.

The company also operates oil sands upgraders, refineries, and related infrastructure. Through its downstream business, Cenovus produces and markets refined petroleum products, including gasoline, diesel, jet fuel, asphalt, and other products. Its refining and marketing activities serve customers in Canada and the United States, while its Canadian retail network operates under the Husky brand.

Cenovus was formed in 2009 following the separation of certain assets from Encana Corporation and expanded its integrated energy operations through the acquisition of Husky Energy in 2021. The company is headquartered in Calgary, Alberta, and is led by President and Chief Executive Officer Jonathan McKenzie.

AI Generated. May Contain Errors.

Cenovus Energy Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
91st Percentile Overall Score

CVE MarketRank™: 
4.57431265772 of 5 stars

Cenovus Energy scored higher than 91% of companies evaluated by MarketBeat, and ranked 29th out of 243 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Cenovus Energy has received a consensus rating of Buy. The company's average rating score is 3.06, and is based on 2 strong buy ratings, 13 buy ratings, 1 hold rating, and no sell ratings.

  • Upside Potential

    Cenovus Energy has a consensus price target of $39.00, representing about 18.5% upside from its current price of $32.91.

  • Amount of Analyst Coverage

    Cenovus Energy has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Cenovus Energy's stock forecast and price target.
  • Earnings Growth

    Earnings for Cenovus Energy are expected to decrease by -2.67% in the coming year, from $4.12 to $4.01 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Cenovus Energy is 12.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 38.75.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Cenovus Energy is 12.64, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 20.19.

  • Price to Book Value per Share Ratio

    Cenovus Energy has a P/B Ratio of 2.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Cenovus Energy's valuation and earnings.
  • Percentage of Shares Shorted

    2.06% 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 5.84.
  • Change versus previous month

    Short interest in Cenovus Energy has recently decreased by 36.99%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Cenovus Energy pays a meaningful dividend of 1.93%, 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 24.62%. 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 15.96% next year. This indicates that Cenovus Energy will be able to sustain or increase its dividend.

  • Read more about Cenovus Energy's dividend.
  • News Sentiment

    Cenovus Energy has a news sentiment score of 1.03. 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 0.67 average news sentiment score of Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Cenovus Energy this week, compared to 5 articles on an average week.
  • Search Interest

    24 people have searched for CVE on MarketBeat in the last 30 days. This is an increase of 71% compared to the previous 30 days.
  • MarketBeat Follows

    22 people have added Cenovus Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 175% compared to the previous 30 days.
  • 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.

  • Read more about Cenovus Energy's insider trading history.
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CVE Stock News Headlines

BMO Capital Sticks to Its Buy Rating for Cenovus Energy (CVE)
Cenovus Energy (CVE:CA): TD Boosts Forecast on Earnings Outlook
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The U.S. now borrows money just to pay interest on money it already borrowed, a pattern economists call a debt death spiral. Interest payments alone now top a trillion dollars a year. The Social Security trust fund is projected to run dry by 2032, which could trigger an automatic 22% cut to benefits. Between 2020 and 2022, the Fed expanded the money supply by 41%. A free 27 page report breaks down these numbers in plain English, including what central banks have been doing with gold.tc pixel
Cenovus Energy (NYSE:CVE) Raised to Strong-Buy at Wall Street Zen
See More Headlines

CVE Stock Analysis - Frequently Asked Questions

Cenovus Energy's stock was trading at $16.91 on January 1st, 2026. Since then, CVE stock has increased by 94.6% and is now trading at $32.9130.

Cenovus Energy Inc (NYSE:CVE) released its earnings results on Wednesday, July, 29th. The oil and gas company reported $1.11 EPS for the quarter, meeting the consensus estimate of $1.11. The business's quarterly revenue was up 47.9% on a year-over-year basis.
Read the conference call transcript
.

Top institutional investors of Cenovus Energy include TD Waterhouse Canada Inc. (0.53%), Foundation Resource Management Inc. (0.03%), Triasima Portfolio Management inc. (0.02%) and Pacifica Partners Inc. (0.01%).

Shares of CVE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Cenovus Energy investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), ExxonMobil (XOM), Tesla (TSLA), Intel (INTC) and Energy Transfer (ET).

Company Calendar

Last Earnings
7/29/2026
Record date for 9/29 Dividend
9/15/2026
Ex-Dividend for 9/29 Dividend
9/15/2026
Dividend Payable
9/29/2026
Today
10/20/2026
Next Earnings (Estimated)
10/30/2026
Fiscal Year End
12/31/2026

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Energy
Industry
Oil, Gas & Consumable Fuels
Sub-Industry
Integrated Oil & Gas
Current Symbol
NYSE:CVE
CIK
1475260
Employees
7,211
Year Founded
2009

Price Target and Rating

High Price Target
$51.00
Low Price Target
$29.00
Potential Upside/Downside
+18.2%
Consensus Rating
Buy
Rating Score (0-4)
3.06
Research Coverage
16 Analysts

Profitability

EPS (Trailing Twelve Months)
$2.60
Trailing P/E Ratio
12.70
Forward P/E Ratio
8.01
P/E Growth
N/A
Net Income
$2.81 billion
Net Margins
12.37%
Pretax Margin
15.52%
Return on Equity
21.08%
Return on Assets
10.80%

Debt

Debt-to-Equity Ratio
0.25
Current Ratio
1.63
Quick Ratio
1.04

Sales & Book Value

Annual Sales
$35.57 billion
Price / Sales
1.69
Cash Flow
$3.47 per share
Price / Cash Flow
9.50
Book Value
$11.98 per share
Price / Book
2.75

Miscellaneous

Outstanding Shares
1,816,470,000
Free Float
N/A
Market Cap
$59.94 billion
Optionable
Optionable
Beta
0.46

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This page (NYSE:CVE) was last updated on 10/20/2026 by MarketBeat.com Staff.
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