Cenovus Energy (CVE) Stock Price, News & Analysis

Company Overview

Cenovus Energy Inc. is an integrated Canadian energy company headquartered in Calgary, Alberta. The company explores for, develops, produces and markets crude oil, natural gas and natural gas liquids, with a significant focus on oil sands projects in Alberta. Its upstream operations include oil sands mining and in situ production, conventional oil and natural gas assets, and offshore production interests in the Atlantic region.

Cenovus also operates downstream businesses that upgrade, refine and market petroleum products. Its refining and upgrading operations produce transportation fuels, asphalt, low-sulfur fuel oil and other refined products for customers in Canada and the United States. The company sells fuels through wholesale channels and operates a network of retail fuel locations in Canada under the Husky and associated brands.

Cenovus was formed in 2009 through the separation of Encana Corporation's integrated oil and gas assets. It expanded its operations through the acquisition of Husky Energy, completed in 2021, combining additional upstream, refining and retail assets with its existing portfolio. Cenovus serves energy markets primarily in Canada and the United States and is led by President and Chief Executive Officer Jon McKenzie.

Key Stats

• Today's Range: $32.42 to $33.50
• 50-Day Range: $26.00 to $33.91
• 52-Week Range: $15.63 to $34.16
• Volume: 6.23 million shs
• Average Volume: 6.33 million shs
• Market Capitalization: $59.97 billion
• P/E Ratio: 12.52
• Dividend Yield: 1.97%
• Price Target: $39.00
• Consensus Rating: Moderate Buy

Cenovus Energy Stock Analysis - MarketRank™

Cenovus Energy scored higher than 85% of companies evaluated by MarketBeat, and ranked 55th out of 250 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: 4.1 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Cenovus Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.93, and is based on 1 strong buy rating, 12 buy ratings, 2 hold ratings, and no sell ratings.

Upside Potential

Cenovus Energy has a consensus price target of $39.00, representing about 19.8% upside from its current price of $32.55.

Amount of Analyst Coverage

Cenovus Energy has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -13.73%

Earnings Growth

Earnings for Cenovus Energy are expected to decrease by -13.73% in the coming year, from $3.57 to $3.08 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cenovus Energy is 12.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 38.86.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cenovus Energy is 12.52, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 21.48.

Price to Book Value per Share Ratio

Cenovus Energy has a P/B Ratio of 2.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.38% 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 6.72.

Change versus previous month

Short interest in Cenovus Energy has recently increased by 11.49%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Cenovus Energy pays a meaningful dividend of 1.92%, 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 20.78% next year. This indicates that Cenovus Energy will be able to sustain or increase its dividend.

News and Social Media

• Score: 4.4 / 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 0.77 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for Cenovus Energy this week, compared to 6 articles on an average week.

Search Interest

18 people have searched for CVE on MarketBeat in the last 30 days. This is an increase of 125% compared to the previous 30 days.

MarketBeat Follows

26 people have added Cenovus Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 189% 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 6/30 Dividend: 6/15/2026
• Ex-Dividend for 6/30 Dividend: 6/15/2026
• Dividend Payable: 6/30/2026
• Last Earnings: 7/29/2026
• Record date for 9/29 Dividend: 9/15/2026
• Ex-Dividend for 9/29 Dividend: 9/15/2026
• Today: 9/16/2026
• Dividend Payable: 9/29/2026
• 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
• 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: $39.00
• High Price Target: $51.00
• Low Price Target: $29.00
• Potential Upside/Downside: +19.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.93
• Research Coverage: 15 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.60
• Trailing P/E Ratio: 12.52
• Forward P/E Ratio: 9.12
• 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: $3.39 per share
• Price / Cash Flow: 9.60
• Book Value: $11.98 per share
• Price / Book: 2.72

Miscellaneous

• Outstanding Shares: 1,842,360,000
• Free Float: N/A
• Market Cap: $59.97 billion
• Optionable: Optionable
• Beta: 0.35