About Cenovus Energy (NYSE:CVE)
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's Oil Sands segment develops and produces bitumen and natural gas in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as projects in the early stages of development, such as Telephone Lake. This segment also holds the Athabasca natural gas assets. Its Deep Basin segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas of British Columbia and Alberta, and include interests in natural gas processing facilities. The company's Refining and Marketing segment transports, sells, and refines crude oil into petroleum and chemical products. This segment owns a 50% interest ownership in two refineries in the United States; owns and operates a crude-by-rail terminal in Alberta; and markets third-party purchases and sales of product. Cenovus Energy Inc. is headquartered in Calgary, Canada.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Trailing P/E Ratio-461.00
Forward P/E Ratio-57.63
Sales & Book Value
Annual Sales$13.14 billion
Price / Sales0.86
Cash Flow$1.2527 per share
Price / Cash7.36
Book Value$12.54 per share
Price / Book0.74
EPS (Most Recent Fiscal Year)($0.02)
Net Income$2.60 billion
Return on Equity-3.24%
Return on Assets-1.52%
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 declared a quarterly dividend on Friday, April 27th. Shareholders of record on Friday, June 15th will be paid a dividend of $0.0389 per share on Friday, June 29th. This represents a $0.16 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, June 14th. View Cenovus Energy's Dividend History.
How were Cenovus Energy's earnings last quarter?
Cenovus Energy Inc (NYSE:CVE) posted its earnings results on Wednesday, April, 25th. The oil and gas company reported ($0.48) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.13) by $0.35. The oil and gas company earned $3.72 billion during the quarter, compared to the consensus estimate of $3.88 billion. Cenovus Energy had a net margin of 13.13% and a negative return on equity of 3.24%. During the same period last year, the company earned ($0.05) EPS. View Cenovus Energy's Earnings History.
When is Cenovus Energy's next earnings date?
What price target have analysts set for CVE?
14 brokerages have issued 1 year target prices for Cenovus Energy's shares. Their forecasts range from $8.00 to $22.00. On average, they anticipate Cenovus Energy's share price to reach $14.7857 in the next twelve months. View Analyst Ratings for Cenovus Energy.
Are investors shorting Cenovus Energy?
Cenovus Energy saw a drop in short interest in May. As of May 15th, there was short interest totalling 34,419,206 shares, a drop of 8.2% from the April 30th total of 37,478,171 shares. Based on an average trading volume of 4,578,452 shares, the days-to-cover ratio is presently 7.5 days. Currently, 2.8% of the shares of the company are sold short.
Who are some of Cenovus Energy's key competitors?
Some companies that are related to Cenovus Energy include Ecopetrol (EC), Canadian Natural Resource (CNQ), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), WOODSIDE Pet Lt/ADR (WOPEY), Sasol (SSL), Continental Resources (CLR), Devon Energy (DVN), Concho Resources (CXO), Marathon Oil (MRO), Noble Energy (NBL), Apache (APA), EQT (EQT) and Rwe Ag Sp (RWEOY).
Who are Cenovus Energy's key executives?
Cenovus Energy's management team includes the folowing people:
- Mr. Alexander J. Pourbaix, CEO, Pres & Director (Age 52)
- Mr. Harbir Singh Chhina, Exec. VP & CTO
- Mr. Jonathan M. McKenzie, Exec. VP & CFO (Age 50)
- Mr. Kam S. Sandhar CA, VP of Investor Relations & Corp. Devel.
- Mr. Alan Craig Reid, Exec. VP of Stakeholder Engagement, Safety & Legal and Gen. Counsel
Has Cenovus Energy been receiving favorable news coverage?
Media stories about CVE stock have been trending positive on Monday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cenovus Energy earned a media sentiment score of 0.27 on Accern's scale. They also gave media headlines about the oil and gas company an impact score of 47.97 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Cenovus Energy's major shareholders?
Cenovus Energy's stock is owned by a number of of retail and institutional investors. Top institutional investors include Letko Brosseau & Associates Inc. (3.22%), First Eagle Investment Management LLC (2.61%), Caisse DE Depot ET Placement DU Quebec (2.37%), Burgundy Asset Management Ltd. (2.22%), Pzena Investment Management LLC (2.01%) and CIBC World Markets Inc. (1.03%). View Institutional Ownership Trends for Cenovus Energy.
Which major investors are selling Cenovus Energy stock?
CVE stock was sold by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, The Manufacturers Life Insurance Company, Caisse DE Depot ET Placement DU Quebec, State of Wisconsin Investment Board, Fiera Capital Corp, Burgundy Asset Management Ltd., Intact Investment Management Inc. and Korea Investment CORP. View Insider Buying and Selling for Cenovus Energy.
Which major investors are buying Cenovus Energy stock?
CVE stock was acquired by a variety of institutional investors in the last quarter, including Letko Brosseau & Associates Inc., Pzena Investment Management LLC, Arosa Capital Management LP, Ninepoint Partners LP, CIBC World Markets Inc., Waratah Capital Advisors Ltd., Lincluden Management Ltd. and Commerzbank Aktiengesellschaft FI. View Insider Buying and Selling for Cenovus Energy.
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 $9.22.
How big of a company is Cenovus Energy?
Cenovus Energy has a market capitalization of $11.33 billion and generates $13.14 billion in revenue each year. The oil and gas company earns $2.60 billion in net income (profit) each year or ($0.02) on an earnings per share basis. Cenovus Energy employs 2,882 workers across the globe.
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 (CVE)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.