NYSE:CVECenovus Energy Stock Price, Forecast & News

Cenovus Energy's stock was trading at $3.01 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CVE stock has increased by 41.2% and is now trading at $4.25. View which stocks have been most impacted by Coronavirus.

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.

Cenovus Energy is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Cenovus Energy.

Cenovus Energy Inc (NYSE:CVE) issued its quarterly earnings data on Thursday, October, 31st. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.08. The oil and gas company had revenue of $4.70 billion for the quarter, compared to analyst estimates of $5.33 billion. Cenovus Energy had a net margin of 1.48% and a negative return on equity of 4.25%. Cenovus Energy's quarterly revenue was down 20.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.20) earnings per share. View Cenovus Energy's earnings history.

Cenovus Energy announced a quarterly dividend on Wednesday, February 12th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.047 per share on Tuesday, March 31st. This represents a $0.19 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Thursday, March 12th. View Cenovus Energy's dividend history.

12 brokers have issued 1 year price targets for Cenovus Energy's stock. Their forecasts range from $2.70 to $16.00. On average, they anticipate Cenovus Energy's stock price to reach $10.03 in the next year. This suggests a possible upside of 136.0% from the stock's current price. View analysts' price targets for Cenovus Energy.

Media stories about CVE stock have trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news 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 media sentiment score of 1.5 on InfoTrie's scale. They also assigned media stories about the oil and gas company a news buzz of 0.0 out of 10, meaning 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.

Cenovus Energy saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 29,730,000 shares, a decline 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 days-to-cover ratio is presently 2.8 days. Approximately 2.4% of the shares of the company are sold short. View Cenovus Energy's Current Options Chain.

Some companies that are related to Cenovus Energy include Rwe Ag Sp (RWEOY), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Occidental Petroleum (OXY), Concho Resources (CXO), Encana (ECA), GALP ENERGIA SG/ADR (GLPEY), Cabot Oil & Gas (COG), TORAY INDUSTRIE/ADR (TRYIY), Diamondback Energy (FANG), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN) and Apache (APA). View all competitors.

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).

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

Cenovus Energy's stock is owned by many different retail and institutional investors. Top institutional shareholders 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 CIBC World Markets Inc. (0.69%).

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.

CVE stock was acquired by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Morgan Stanley, Russell Investments Group Ltd., Invesco Ltd., Intact Investment Management Inc., Caymus Capital Partners L.P., Aperio Group LLC, and The Manufacturers Life Insurance Company .

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.

One share of CVE stock can currently be purchased for approximately $4.25.

Cenovus Energy has a market capitalization of $5.22 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.

The official website for Cenovus Energy is www.cenovus.com.

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]