NYSE:CVE - Cenovus Energy Stock Price, News, & Analysis

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$8.76 +0.07 (+0.81 %)
(As of 02/19/2019 02:02 PM ET)
Previous Close$8.69
Today's Range$8.63 - $8.8250
52-Week Range$6.15 - $11.47
Volume2.71 million shs
Average Volume4.37 million shs
Market Capitalization$10.76 billion
P/E Ratio-5.03
Dividend Yield1.79%
Beta0.72
Cenovus Energy, Inc. engages in gas and oil provisions. Its activities include development, production, and marketing of crude oil, natural gas liquids, and natural gas in Canada. It operates through four segments: Oil Sands, Deep Basin, Refining & Marketing, and Corporate & Eliminations. The Oil sands segment includes the development and production of bitumen and natural gas in northeast Alberta including Foster Creek, Christina Lake and Narrows Lake as well as projects in the early stages of development, such as Grand Rapids and Telephone Lake. The Refining and Marketing segment provides transportation, sale and refine services of crude oil into petroleum and chemical products. The Corporate and Eliminations segment includes unrealized gains and losses recorded on derivative financial instruments, divestiture of assets, as well as other administrative, financing activities and research costs. The company was founded in 1881 and is headquartered in Calgary, Canada.

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Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone403-766-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$16.08 billion
Cash Flow$1.3153 per share
Book Value$12.54 per share

Profitability

Net Income$2.60 billion

Miscellaneous

Employees2,882
Outstanding Shares1,228,790,000
Market Cap$10.76 billion
OptionableOptionable

Cenovus Energy (NYSE:CVE) Frequently Asked Questions

What is Cenovus Energy's stock symbol?

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

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

Cenovus Energy announced a quarterly dividend on Thursday, February 14th. Stockholders of record on Friday, March 15th will be given a dividend of $0.0377 per share on Friday, March 29th. This represents a $0.15 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, March 14th. View Cenovus Energy's Dividend History.

How were Cenovus Energy's earnings last quarter?

Cenovus Energy Inc (NYSE:CVE) announced its quarterly earnings data on Wednesday, February, 13th. The oil and gas company reported ($1.03) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.16) by $0.87. The oil and gas company earned $3.44 billion during the quarter, compared to analysts' expectations of $3.78 billion. Cenovus Energy had a negative return on equity of 15.37% and a negative net margin of 12.41%. During the same quarter last year, the company earned ($0.42) earnings per share. View Cenovus Energy's Earnings History.

When is Cenovus Energy's next earnings date?

Cenovus Energy is scheduled to release their next quarterly earnings announcement on Wednesday, April 24th 2019. View Earnings Estimates for Cenovus Energy.

What price target have analysts set for CVE?

16 Wall Street analysts have issued 1 year price objectives for Cenovus Energy's stock. Their predictions range from $9.00 to $15.00. On average, they expect Cenovus Energy's stock price to reach $13.0833 in the next year. This suggests a possible upside of 49.9% from the stock's current price. View Analyst Price Targets for Cenovus Energy.

What is the consensus analysts' recommendation for Cenovus Energy?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 1 sell rating, 9 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cenovus Energy.

Has Cenovus Energy been receiving favorable news coverage?

Media coverage about CVE stock has trended somewhat positive on Tuesday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cenovus Energy earned a news impact score of 0.9 on InfoTrie's scale. They also gave headlines about the oil and gas company a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Are investors shorting Cenovus Energy?

Cenovus Energy saw a decline in short interest in January. As of January 31st, there was short interest totalling 24,221,836 shares, a decline of 19.9% from the January 15th total of 30,237,670 shares. Based on an average trading volume of 4,132,766 shares, the short-interest ratio is presently 5.9 days. View Cenovus Energy's Current Options Chain.

Who are some of Cenovus Energy's key competitors?

Who are Cenovus Energy's key executives?

Cenovus Energy's management team includes the folowing people:
  • Alex Pourbaix, President, Chief Executive Officer & Director
  • Jonathan McKenzie, Chief Financial Officer & Executive Vice President
  • Harbir Singh Chhina, Chief Technology Officer & Executive VP
  • Drew Zieglgansberger, Executive Vice President-Upstream
  • Sarah Walters, Senior Vice President-Corporate Services

Who are Cenovus Energy's major shareholders?

Cenovus Energy's stock is owned by many different of retail and institutional investors. Top institutional investors include Harris Associates L P (6.01%), Letko Brosseau & Associates Inc. (3.36%), TD Asset Management Inc. (3.20%), Beutel Goodman & Co Ltd. (1.83%), Pzena Investment Management LLC (1.72%) and CIBC Asset Management Inc (1.57%).

Which institutional investors are selling Cenovus Energy stock?

CVE stock was sold by a variety of institutional investors in the last quarter, including D. E. Shaw & Co. Inc., Beutel Goodman & Co Ltd., Connor Clark & Lunn Investment Management Ltd., TD Asset Management Inc., Toronto Dominion Bank, Lincluden Management Ltd., Winch Advisory Services LLC and Scotia Capital Inc..

Which institutional investors are buying Cenovus Energy stock?

CVE stock was bought by a variety of institutional investors in the last quarter, including Harris Associates L P, Waratah Capital Advisors Ltd., Letko Brosseau & Associates Inc., Mackenzie Financial Corp, Pzena Investment Management LLC, PCJ Investment Counsel Ltd., Intact Investment Management Inc. and Gotham Asset Management LLC.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Cenovus Energy's stock price today?

One share of CVE stock can currently be purchased for approximately $8.73.

How big of a company is Cenovus Energy?

Cenovus Energy has a market capitalization of $10.73 billion and generates $16.08 billion in revenue each year. The oil and gas company earns $2.60 billion in net income (profit) each year or ($1.74) on an earnings per share basis. Cenovus Energy employs 2,882 workers across the globe.

What is Cenovus Energy's official website?

The official website for Cenovus Energy is http://www.cenovus.com.

How can I contact Cenovus Energy?

Cenovus Energy's mailing address is 2600 500 CENTRE STREET S.E., CALGARY A0, T2G 1A6. The oil and gas company can be reached via phone at 403-766-2000 or via email at [email protected]


MarketBeat Community Rating for Cenovus Energy (NYSE CVE)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  478 (Vote Outperform)
Underperform Votes:  550 (Vote Underperform)
Total Votes:  1,028
MarketBeat's community ratings are surveys of what our community members think about Cenovus Energy and other stocks. Vote "Outperform" if you believe CVE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CVE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/19/2019 by MarketBeat.com Staff

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