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NYSE:CVE

Cenovus Energy Stock Forecast, Price & News

$5.00
+0.04 (+0.81 %)
(As of 12/1/2020 12:00 AM ET)
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Compare
Today's Range
$4.95
Now: $5.00
$5.19
50-Day Range
$3.28
MA: $4.11
$5.42
52-Week Range
$1.41
Now: $5.00
$10.52
Volume5.70 million shs
Average Volume7.40 million shs
Market Capitalization$6.14 billion
P/E RatioN/A
Dividend Yield1.81%
Beta2.91
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 operates through Oil Sands, Deep Basin, and Refining and Marketing segments. The Oil Sands segment develops and produces bitumen in northeast Alberta. Its bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development. The Deep Basin segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas of British Columbia and Alberta, as well as various interests in natural gas processing facilities. The Refining and Marketing segment transports, sells, and refines crude oil into petroleum and chemical products. This segment owns a 50% ownership in Wood River and Borger refineries located in the United States; and owns and operates a crude-by-rail terminal in Alberta. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.
Cenovus Energy logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.2Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.19 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
CUSIPN/A
Phone403-766-2000
Employees2,361

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$15.21 billion
Cash Flow$1.53 per share
Book Value$10.40 per share

Profitability

Net Income$1.65 billion

Miscellaneous

Outstanding Shares1,228,870,000
Market Cap$6.14 billion
Next Earnings Date2/10/2021 (Estimated)
OptionableOptionable
$5.00
+0.04 (+0.81 %)
(As of 12/1/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cenovus Energy (NYSE:CVE) Frequently Asked Questions

How has Cenovus Energy's stock price 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. Since then, CVE stock has increased by 66.1% and is now trading at $5.00.
View which stocks have been most impacted by COVID-19
.

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

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 2 sell ratings, 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Cenovus Energy
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Cenovus Energy?

Wall Street analysts have given Cenovus Energy a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Cenovus Energy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Cenovus Energy's next earnings date?

Cenovus Energy is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for Cenovus Energy
.

How were Cenovus Energy's earnings last quarter?

Cenovus Energy Inc. (NYSE:CVE) issued its quarterly earnings results on Thursday, October, 29th. The oil and gas company reported ($0.37) EPS for the quarter, missing the Zacks' consensus estimate of ($0.03) by $0.34. The oil and gas company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $3.60 billion. Cenovus Energy had a negative net margin of 14.15% and a negative return on equity of 12.48%. During the same quarter in the prior year, the company earned $0.23 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. Investors 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 3.76%. The ex-dividend date is Thursday, March 12th.
View Cenovus Energy's dividend history
.

What price target have analysts set for CVE?

14 equities research analysts have issued 1-year price targets for Cenovus Energy's shares. Their forecasts range from $5.50 to $10.00. On average, they expect Cenovus Energy's share price to reach $6.88 in the next year. This suggests a possible upside of 37.5% from the stock's current price.
View analysts' price targets for Cenovus Energy
.

Are investors shorting Cenovus Energy?

Cenovus Energy saw a increase in short interest in October. As of October 30th, there was short interest totaling 28,600,000 shares, an increase of 63.8% from the October 15th total of 17,460,000 shares. Based on an average daily trading volume, of 6,580,000 shares, the short-interest ratio is currently 4.3 days. Approximately 2.3% of the shares of the company are sold short.
View Cenovus Energy's Short Interest
.

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), Intel (INTC), Micron Technology (MU), QUALCOMM (QCOM), AT&T (T), Enbridge (ENB), Cisco Systems (CSCO) and Enterprise Products Partners (EPD).

Who are Cenovus Energy's key executives?

Cenovus Energy's management team includes the following people:
  • Mr. Alexander J. Pourbaix, CEO, Pres & Director (Age 54)
  • Mr. Jonathan M. McKenzie, Exec. VP & CFO (Age 52)
  • Mr. Harbir Singh Chhina, Exec. VP & CTO
  • Mr. Alan Craig Reid, Exec. VP of Stakeholder Engagement, Safety and Legal & Gen. Counsel
  • Mr. Joseph Drew Zieglgansberger, Exec. Vice-Pres of Strategy & Corp. Devel.
  • Ms. Sherry A. Wendt, Director of Investor Relations
  • Mr. Kam S. Sandhar CA, Sr. Vice-Pres of Deep Basin
  • Ms. Sarah J. Walters, Sr. VP of Corp. Services
  • Mr. Keith A. Chiasson, Exec. Vice-Pres of Downstream
  • Dr. Norrie C. Ramsay, Exec. Vice-Pres of Upstream

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 shareholders include Letko Brosseau & Associates Inc. (2.54%), TD Asset Management Inc. (1.64%), Pzena Investment Management LLC (1.50%), Connor Clark & Lunn Investment Management Ltd. (0.79%), Toronto Dominion Bank (0.49%) and Morgan Stanley (0.48%).

Which institutional investors are selling Cenovus Energy stock?

CVE stock was sold by a variety of institutional investors in the last quarter, including TD Asset Management Inc., Lincluden Management Ltd., CIBC Asset Management Inc, Letko Brosseau & Associates Inc., Pzena Investment Management LLC, Allianz Asset Management GmbH, Scotia Capital Inc., and Hexavest Inc..

Which institutional investors are buying Cenovus Energy stock?

CVE stock was acquired by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Morgan Stanley, JPMorgan Chase & Co., Alberta Investment Management Corp, Toronto Dominion Bank, Schonfeld Strategic Advisors LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, and Assenagon Asset Management S.A..

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 $5.00.

How big of a company is Cenovus Energy?

Cenovus Energy has a market capitalization of $6.14 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 12/1/2020 by MarketBeat.com Staff

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