Cenovus Energy Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There are currently 3 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Cenovus Energy stock.
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Wall Street analysts have given Cenovus Energy a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cenovus Energy wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Cenovus Energy saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 14,280,000 shares, a drop of 32.4% from the August 15th total of 21,110,000 shares. Based on an average daily volume of 8,860,000 shares, the short-interest ratio is presently 1.6 days. Approximately 1.0% of the shares of the stock are short sold.
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Cenovus Energy is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Cenovus Energy.

Cenovus Energy Inc. (NYSE:CVE) released its earnings results on Wednesday, July, 28th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.18. The oil and gas company had revenue of $8.61 billion for the quarter. Cenovus Energy had a negative trailing twelve-month return on equity of 2.61% and a net margin of 0.43%.
View Cenovus Energy's earnings history.

Cenovus Energy's stock was trading at $3.01 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CVE stock has increased by 188.0% and is now trading at $8.67.
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Cenovus Energy announced a quarterly dividend on Friday, July 30th. Shareholders of record on Wednesday, September 15th will be given a dividend of $0.0139 per share on Thursday, September 30th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Tuesday, September 14th.
View Cenovus Energy's dividend history.

Cenovus Energy pays an annual dividend of $0.06 per share and currently has a dividend yield of 0.68%.
View Cenovus Energy's dividend history.

17 brokers have issued 1 year price targets for Cenovus Energy's shares. Their forecasts range from $6.00 to $20.00. On average, they expect Cenovus Energy's share price to reach $13.50 in the next twelve months. This suggests a possible upside of 55.7% from the stock's current price.
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72 employees have rated Cenovus Energy CEO Alex Pourbaix on Glassdoor.com. Alex Pourbaix has an approval rating of 80% among Cenovus Energy's employees.

Some companies that are related to Cenovus Energy include Petróleo Brasileiro S.A. - Petrobras (PBR), ENI (E), EOG Resources (EOG), Canadian Natural Resources (CNQ), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Ecopetrol (EC), Occidental Petroleum (OXY), RWE Aktiengesellschaft (RWEOY), Devon Energy (DVN), Continental Resources (CLR), Diamondback Energy (FANG), Woodside Petroleum (WOPEY), Gulfport Energy (GPORQ) and Toray Industries (TRYIY).
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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).

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

Cenovus Energy's stock is owned by a number of retail and institutional investors. Top institutional investors include ConocoPhillips (9.32%), Vanguard Group Inc. (1.85%), Connor Clark & Lunn Investment Management Ltd. (0.67%), Pzena Investment Management LLC (0.65%), Bank of Nova Scotia (0.62%) and Mackenzie Financial Corp (0.51%).

CVE stock was sold by a variety of institutional investors in the last quarter, including ConocoPhillips, Connor Clark & Lunn Investment Management Ltd., Pzena Investment Management LLC, Royal Bank of Canada, Public Sector Pension Investment Board, Invesco Ltd., Allianz Asset Management GmbH, and Northern Trust Corp.

CVE stock was acquired by a variety of institutional investors in the last quarter, including Marshall Wace North America L.P., Millennium Management LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Amundi, Point72 Asset Management L.P., Schonfeld Strategic Advisors LLC, Boston Partners, and Merewether Investment Management LP.

Shares of CVE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CVE stock can currently be purchased for approximately $8.67.

Cenovus Energy has a market capitalization of $17.49 billion and generates $10.15 billion in revenue each year. The oil and gas company earns $-1,775,920,000.00 in net income (profit) each year or ($1.59) on an earnings per share basis.

Cenovus Energy employs 2,413 workers across the globe.

Cenovus Energy was founded in 2009.

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

Cenovus Energy is headquartered at 4100 225 6 AVENUE SW, CALGARY A0, T2P 1N2.

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].