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DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
S&P 500   3,811.15
DOW   30,932.37
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NYSE:CVE

Cenovus Energy Stock Forecast, Price & News

$7.41
-0.04 (-0.54 %)
(As of 02/26/2021 12:00 AM ET)
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Today's Range
$7.10
Now: $7.41
$7.52
50-Day Range
$5.75
MA: $6.43
$7.61
52-Week Range
$1.41
Now: $7.41
$7.75
Volume11.57 million shs
Average Volume11.50 million shs
Market Capitalization$14.95 billion
P/E RatioN/A
Dividend Yield0.67%
Beta3.12
Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company operates through Oil Sands, Deep Basin, and Refining and Marketing segments. The Oil Sands segment develops and produces bitumen in northeast Alberta. Its bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development. The Deep Basin segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas of British Columbia and Alberta, as well as various interests in natural gas processing facilities. The Refining and Marketing segment transports, sells, and refines crude oil into petroleum and chemical products. This segment owns a 50% ownership in Wood River and Borger refineries located in the United States; and owns and operates a crude-by-rail terminal in Alberta. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.
Cenovus Energy logo

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
CUSIPN/A
Phone403-766-2000
Employees2,361
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$15.21 billion
Cash Flow$2.00 per share
Book Value$11.77 per share

Profitability

Net Income$1.65 billion

Miscellaneous

Outstanding Shares2,017,312,000
Market Cap$14.95 billion
Next Earnings Date5/5/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.63 out of 5 stars

Oils/Energy Sector

100th out of 668 stocks

Crude Petroleum & Natural Gas Industry

36th out of 247 stocks

Analyst Opinion: 2.2Community Rank: 2.2Dividend Strength: 0.8Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
$7.41
-0.04 (-0.54 %)
(As of 02/26/2021 12:00 AM ET)
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Cenovus Energy (NYSE:CVE) Frequently Asked Questions

Is Cenovus Energy a buy right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 1 sell rating, 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Cenovus Energy stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CVE, but not buy additional shares or sell existing shares.
View analyst ratings for Cenovus Energy
or view top-rated stocks.

What stocks does MarketBeat like better than Cenovus Energy?

Wall Street analysts have given Cenovus Energy a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Cenovus Energy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Cenovus Energy?

Cenovus Energy saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 19,340,000 shares, a drop of 14.2% from the December 31st total of 22,540,000 shares. Based on an average daily volume of 9,930,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.3% of the company's stock are sold short.
View Cenovus Energy's Short Interest
.

When is Cenovus Energy's next earnings date?

Cenovus Energy is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Cenovus Energy
.

How were Cenovus Energy's earnings last quarter?

Cenovus Energy Inc. (NYSE:CVE) posted its quarterly earnings results on Monday, February, 8th. The oil and gas company reported ($0.35) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.08) by $0.27. Cenovus Energy had a negative trailing twelve-month return on equity of 12.48% and a negative net margin of 14.15%. During the same quarter last year, the company posted $0.09 EPS.
View Cenovus Energy's earnings history
.

How has Cenovus Energy's stock been impacted by COVID-19 (Coronavirus)?

Cenovus Energy's stock was trading at $3.01 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CVE shares have increased by 146.2% and is now trading at $7.41.
View which stocks have been most impacted by COVID-19
.

How often does Cenovus Energy pay dividends? What is the dividend yield for Cenovus Energy?

Cenovus Energy declared a quarterly dividend on Wednesday, February 10th. Stockholders of record on Monday, March 15th will be given a dividend of $0.0137 per share on Wednesday, March 31st. This represents a $0.05 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, March 12th.
View Cenovus Energy's dividend history
.

Is Cenovus Energy a good dividend stock?

Cenovus Energy pays an annual dividend of $0.05 per share and currently has a dividend yield of 0.67%. The dividend payout ratio of Cenovus Energy is 17.86%. This payout ratio is at a healthy, sustainable level, below 75%.
View Cenovus Energy's dividend history.

What price target have analysts set for CVE?

15 analysts have issued twelve-month price targets for Cenovus Energy's shares. Their forecasts range from $5.50 to $11.00. On average, they anticipate Cenovus Energy's stock price to reach $8.02 in the next year. This suggests a possible upside of 8.2% from the stock's current price.
View analysts' price targets for Cenovus Energy
or view top-rated stocks among Wall Street analysts.

Who are Cenovus Energy's key executives?

Cenovus Energy's management team includes the following people:
  • Mr. Alexander J. Pourbaix, CEO, Pres & Director (Age 55)
  • Mr. Jonathan M. McKenzie, Exec. VP & COO (Age 53)
  • Mr. Joseph Drew Zieglgansberger, Exec. VP of Upstream – Conventional & Integration
  • Mr. Jeffrey Ryan Hart, Exec. VP & CFO
  • Ms. Sherry A. Wendt, Director of Investor Relations
  • Mr. Gary Frederick Molnar, Sr. VP of Legal, Gen. Counsel & Corp. Sec.
  • Mr. Kam S. Sandhar CA, Exec. VP of Strategy & Corp. Devel.,
  • Ms. Rhona Delfrari, Chief Sustainability Officer & Sr. VP of Stakeholder Engagement
  • Ms. Sarah J. Walters, Exec. Vice-Pres of Corp. Services
  • Mr. Keith A. Chiasson, Exec. Vice-Pres of Downstream

What is Alex Pourbaix's approval rating as Cenovus Energy's CEO?

72 employees have rated Cenovus Energy CEO Alex Pourbaix on Glassdoor.com. Alex Pourbaix has an approval rating of 80% among Cenovus Energy's employees.

Who are some of Cenovus Energy's key competitors?

What other stocks do shareholders of Cenovus Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cenovus Energy investors own include General Electric (GE), Bank of America (BAC), Suncor Energy (SU), Intel (INTC), Micron Technology (MU), QUALCOMM (QCOM), AT&T (T), Enbridge (ENB), Cisco Systems (CSCO) and Enterprise Products Partners (EPD).

What is Cenovus Energy's stock symbol?

Cenovus Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "CVE."

Who are Cenovus Energy's major shareholders?

Cenovus Energy's stock is owned by a number of institutional and retail investors. Top institutional investors include FIL Ltd (3.28%), Letko Brosseau & Associates Inc. (2.35%), Pzena Investment Management LLC (1.37%), CIBC World Markets Inc. (0.69%), Toronto Dominion Bank (0.55%) and The Manufacturers Life Insurance Company (0.47%).

Which major investors are selling Cenovus Energy stock?

CVE stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Sumitomo Mitsui Trust Holdings Inc., Letko Brosseau & Associates Inc., Morgan Stanley, Pzena Investment Management LLC, Alliancebernstein L.P., Russell Investments Group Ltd., and Bank of New York Mellon Corp.

Which major investors are buying Cenovus Energy stock?

CVE stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Mackenzie Financial Corp, Amundi Pioneer Asset Management Inc., Schroder Investment Management Group, Maple Rock Capital Partners Inc., Canada Pension Plan Investment Board, Barclays PLC, and Waratah Capital Advisors Ltd..

How do I buy shares of Cenovus Energy?

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

What is Cenovus Energy's stock price today?

One share of CVE stock can currently be purchased for approximately $7.41.

How much money does Cenovus Energy make?

Cenovus Energy has a market capitalization of $14.95 billion and generates $15.21 billion in revenue each year. The oil and gas company earns $1.65 billion in net income (profit) each year or $0.28 on an earnings per share basis.

How many employees does Cenovus Energy have?

Cenovus Energy employs 2,361 workers across the globe.

What is Cenovus Energy's official website?

The official website for Cenovus Energy is www.cenovus.com.

Where are Cenovus Energy's headquarters?

Cenovus Energy is headquartered at 4100 225 6 AVENUE SW, CALGARY A0, T2P 1N2.

How can I contact Cenovus Energy?

Cenovus Energy's mailing address is 4100 225 6 AVENUE SW, CALGARY A0, T2P 1N2. The oil and gas company can be reached via phone at 403-766-2000 or via email at [email protected]


This page was last updated on 3/1/2021 by MarketBeat.com Staff

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