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Cenovus Energy Stock Price, Forecast & Analysis (NYSE:CVE)

$9.06
+0.15 (+1.68 %)
(As of 11/22/2019 08:00 AM ET)
Today's Range
$8.91
Now: $9.06
$9.13
50-Day Range
$8.02
MA: $8.79
$9.27
52-Week Range
$6.15
Now: $9.06
$10.82
Volume2.66 million shs
Average Volume3.22 million shs
Market Capitalization$11.13 billion
P/E RatioN/A
Dividend Yield1.69%
Beta0.94
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. Read More…

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
Book Value$11.85 per share

Profitability

Net Income$-2,059,130,000.00

Miscellaneous

Employees2,264
Outstanding Shares1,228,740,000
Market Cap$11.13 billion
Next Earnings Date2/12/2020 (Estimated)
OptionableOptionable

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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 Wednesday, July 24th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.038 per share on Monday, September 30th. This represents a $0.15 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Thursday, September 12th. This is an increase from Cenovus Energy's previous quarterly dividend of $0.04. View Cenovus Energy's Dividend History.

How were Cenovus Energy's earnings last quarter?

Cenovus Energy Inc (NYSE:CVE) posted its quarterly earnings data on Thursday, October, 31st. The oil and gas company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The oil and gas company had revenue of $4.70 billion for the quarter, compared to analysts' expectations of $5.33 billion. Cenovus Energy had a negative return on equity of 5.76% and a net margin of 3.41%. The firm's revenue was down 20.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.20) 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, February 12th 2020. View Earnings Estimates for Cenovus Energy.

What price target have analysts set for CVE?

12 brokers have issued 1-year price targets for Cenovus Energy's shares. Their forecasts range from $12.00 to $17.50. On average, they expect Cenovus Energy's stock price to reach $14.38 in the next twelve months. This suggests a possible upside of 58.7% from the stock's current price. View Analyst Price Targets for Cenovus Energy.

What is the consensus analysts' recommendation for Cenovus Energy?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cenovus Energy.

Has Cenovus Energy been receiving favorable news coverage?

Media coverage about CVE stock has been trending negative this week, according to InfoTrie. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Cenovus Energy earned a news impact score of -2.5 on InfoTrie's scale. They also gave news headlines about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Cenovus Energy.

Are investors shorting Cenovus Energy?

Cenovus Energy saw a increase in short interest in the month of October. As of October 15th, there was short interest totalling 25,900,000 shares, an increase of 16.9% from the September 15th total of 22,150,000 shares. Based on an average daily trading volume, of 3,780,000 shares, the days-to-cover ratio is currently 6.9 days. Approximately 2.1% of the company's shares 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 Bank of America (BAC), Encana (ECA), General Electric (GE), Intel (INTC), Suncor Energy (SU), Barrick Gold (GOLD), AT&T (T), Cisco Systems (CSCO), Ford Motor (F) and Canadian Natural Resources (CNQ).

Who are Cenovus Energy's key executives?

Cenovus Energy's management team includes the folowing 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

Who are Cenovus Energy's major shareholders?

Cenovus Energy's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Letko Brosseau & Associates Inc. (3.32%), Beutel Goodman & Co Ltd. (1.82%), CIBC Asset Management Inc (1.23%), QV Investors Inc. (0.62%), Lincluden Management Ltd. (0.44%) and Sumitomo Mitsui Trust Holdings Inc. (0.34%).

Which institutional investors are selling Cenovus Energy stock?

CVE stock was sold by a variety of institutional investors in the last quarter, including QV Investors Inc., Caymus Capital Partners L.P., Ninepoint Partners LP, Lincluden Management Ltd., Letko Brosseau & Associates Inc., Russell Investments Group Ltd., Sumitomo Mitsui Trust Holdings Inc. and Hexavest Inc..

Which institutional investors are buying Cenovus Energy stock?

CVE stock was bought by a variety of institutional investors in the last quarter, including Beutel Goodman & Co Ltd., CIBC Asset Management Inc, Zurcher Kantonalbank Zurich Cantonalbank, Cerebellum GP LLC, Cerebellum GP LLC, Tower Research Capital LLC TRC, Addenda Capital Inc. and Quadrant Capital 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 $9.06.

How big of a company is Cenovus Energy?

Cenovus Energy has a market capitalization of $11.13 billion and generates $16.08 billion in revenue each year. The oil and gas company earns $-2,059,130,000.00 in net income (profit) each year or ($1.74) on an earnings per share basis. Cenovus Energy employs 2,264 workers across the globe.View Additional Information About Cenovus Energy.

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:  543 (Vote Outperform)
Underperform Votes:  658 (Vote Underperform)
Total Votes:  1,201
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 11/22/2019 by MarketBeat.com Staff

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