Cenovus Energy (CVE) Set to Release Quarterly Earnings on Friday

Key Points

• Cenovus Energy is expected to report third-quarter 2026 results before the market opens on October 30. Analysts forecast earnings of $1.11 per share and revenue of $11.71 billion; the earnings call is scheduled for 11:00 a.m. ET.
• The company’s previous quarter met EPS expectations at $1.11, while revenue rose 47.9% year over year to $14.59 billion. Analysts expect full-year EPS of $4.12 and next-year EPS of $4.01.
• Wall Street maintains a favorable view of CVE, with an average “Buy” rating and a $39 price target versus the stock’s recent price of $32.05. Cenovus also pays a quarterly dividend of C$0.22 per share, yielding approximately 2.7%.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE is anticipated to post its Q3 2026 results before the market opens on Friday, October 30th. Analysts expect the company to announce earnings of $1.11 per share and revenue of $11.71 billion for the quarter. Parties can find conference call details on the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Friday, October 30, 2026 at 11:00 AM ET.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last announced its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. Cenovus Energy had a net margin of 12.37% and a return on equity of 21.08%. The firm had revenue of $14.59 billion for the quarter, compared to analyst estimates of $11.87 billion. During the same quarter in the previous year, the firm posted $0.45 EPS. The business's revenue for the quarter was up 47.9% on a year-over-year basis. On average, analysts expect Cenovus Energy to post $4.12 EPS for the current fiscal year and $4.01 EPS for the next fiscal year.

Cenovus Energy Price Performance

Shares of Cenovus Energy stock opened at $32.05 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.04 and a current ratio of 1.63. The firm's 50-day simple moving average is $32.18 and its 200-day simple moving average is $29.28. Cenovus Energy has a twelve month low of $15.63 and a twelve month high of $34.16. The firm has a market cap of $58.21 billion, a P/E ratio of 12.33 and a beta of 0.46.

Cenovus Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th were paid a dividend of C$0.22 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.88 dividend on an annualized basis and a yield of 2.7%. Cenovus Energy's dividend payout ratio (DPR) is currently 24.62%.

Wall Street Analyst Weigh In

CVE has been the topic of several analyst reports. Raymond James Financial reaffirmed an "outperform" rating on shares of Cenovus Energy in a report on Wednesday, October 14th. Desjardins raised Cenovus Energy to a "moderate buy" rating in a research note on Thursday, July 16th. Royal Bank Of Canada upped their price target on Cenovus Energy from $47.00 to $51.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Cenovus Energy in a report on Thursday, August 27th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Cenovus Energy in a research report on Sunday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $39.00.

About Cenovus Energy

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.

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