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NYSE:CVECenovus Energy Stock Price, Forecast & News

$4.33
-0.04 (-0.92 %)
(As of 05/29/2020 04:00 PM ET)
Add
Compare
Today's Range
$4.20
Now: $4.33
$4.37
50-Day Range
$2.51
MA: $3.43
$4.50
52-Week Range
$1.41
Now: $4.33
$10.82
Volume6.03 million shs
Average Volume8.41 million shs
Market Capitalization$5.32 billion
P/E Ratio24.06
Dividend Yield4.35%
Beta2.61
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 in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other 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.
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Cenovus Energy logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.24 out of 5 stars


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$15.21 billion
Cash Flow$1.60 per share
Book Value$10.76 per share

Profitability

Net Income$1.65 billion

Miscellaneous

Employees2,361
Outstanding Shares1,228,779,000
Market Cap$5.32 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Cenovus Energy (NYSE:CVE) Frequently Asked Questions

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 43.9% and is now trading at $4.33. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cenovus Energy?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Cenovus Energy.

When is Cenovus Energy's next earnings date?

Cenovus Energy is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. 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 Thursday, October, 31st. The oil and gas company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. The oil and gas company earned $4.70 billion during the quarter, compared to the consensus estimate of $5.33 billion. Cenovus Energy had a net margin of 1.48% and a negative return on equity of 4.25%. The firm's quarterly revenue was down 20.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.20) EPS. View Cenovus Energy's earnings history.

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

Cenovus Energy declared a quarterly dividend on Wednesday, February 12th. Stockholders of record on Friday, March 13th will be given a dividend of $0.047 per share on Tuesday, March 31st. This represents a $0.19 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Thursday, March 12th. View Cenovus Energy's dividend history.

What price target have analysts set for CVE?

12 brokerages have issued 12-month price objectives for Cenovus Energy's stock. Their forecasts range from $2.70 to $16.00. On average, they anticipate Cenovus Energy's share price to reach $10.03 in the next year. This suggests a possible upside of 131.6% from the stock's current price. View analysts' price targets for Cenovus Energy.

Has Cenovus Energy been receiving favorable news coverage?

Media stories about CVE stock have been trending extremely negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cenovus Energy earned a daily sentiment score of -4.0 on InfoTrie's scale. They also gave media stories about the oil and gas company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutCenovus Energy.

Are investors shorting Cenovus Energy?

Cenovus Energy saw a decrease in short interest in May. As of May 15th, there was short interest totaling 29,730,000 shares, a decrease of 25.6% from the April 30th total of 39,980,000 shares. Based on an average daily trading volume, of 10,440,000 shares, the short-interest ratio is presently 2.8 days. Approximately 2.4% of the shares of the stock are short sold. View Cenovus Energy's Current Options Chain.

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), Micron Technology (MU), Intel (INTC), Exxon Mobil (XOM), Encana (ECA), QUALCOMM (QCOM), Cisco Systems (CSCO) and Enbridge (ENB).

Who are Cenovus Energy's key executives?

Cenovus Energy's management team includes the following people:
  • Mr. Alexander J. Pourbaix, CEO, Pres & Director (Age 53)
  • Mr. Harbir Singh Chhina, Exec. VP & CTO
  • Mr. Jonathan M. McKenzie, Exec. VP & CFO (Age 51)
  • Ms. Sherry A. Wendt, Director of Investor Relations
  • Mr. Alan Craig Reid, Exec. VP of Stakeholder Engagement, Safety & Legal and Gen. Counsel

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 Capital Research Global Investors (5.23%), Pzena Investment Management LLC (1.79%), Invesco Ltd. (1.08%), Capital World Investors (0.86%), Morgan Stanley (0.76%) and Morgan Stanley (0.76%).

Which institutional investors are selling Cenovus Energy stock?

CVE stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, First Eagle Investment Management LLC, CIBC Asset Management Inc, Canada Pension Plan Investment Board, Connor Clark & Lunn Investment Management Ltd., Toronto Dominion Bank, Alliancebernstein L.P., and Luminus Management LLC.

Which institutional investors are buying Cenovus Energy stock?

CVE stock was acquired by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Morgan Stanley, Morgan Stanley, Russell Investments Group Ltd., Invesco Ltd., Intact Investment Management Inc., Caymus Capital Partners L.P., and Aperio Group 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, Robinhood, Fidelity, and Charles Schwab.

What is Cenovus Energy's stock price today?

One share of CVE stock can currently be purchased for approximately $4.33.

How big of a company is Cenovus Energy?

Cenovus Energy has a market capitalization of $5.32 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. 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.

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 5/29/2020 by MarketBeat.com Staff

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