NYSE:CVE

Cenovus Energy Stock Forecast, Price & News

$8.34
0.00 (0.00 %)
(As of 07/30/2021 12:00 AM ET)
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Today's Range
$8.11
$8.37
50-Day Range
$7.74
$10.41
52-Week Range
$3.15
$10.55
Volume8.75 million shs
Average Volume8.57 million shs
Market Capitalization$16.83 billion
P/E RatioN/A
Dividend YieldN/A
Beta3.21
30 days | 90 days | 365 days | Advanced Chart
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About Cenovus Energy

Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States and the Asia Pacific region. The company operates through Oil Sands, Conventional, 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 Conventional 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 and sells crude oil, natural gas, and NGLs. 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.

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MarketRank

Overall MarketRank

2.00 out of 5 stars

Oils/Energy Sector

123rd out of 712 stocks

Crude Petroleum & Natural Gas Industry

50th out of 270 stocks

Analyst Opinion: 4.4Community Rank: 4.1Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -
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Cenovus Energy (NYSE:CVE) Frequently Asked Questions

Is Cenovus Energy a buy right now?

17 Wall Street 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 analysts is that investors should "buy" Cenovus Energy stock.
View analyst ratings for Cenovus Energy
or view top-rated stocks.

What stocks does MarketBeat like better than Cenovus Energy?

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.
View MarketBeat's top stock picks here.

Are investors shorting Cenovus Energy?

Cenovus Energy saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 12,490,000 shares, an increase of 46.4% from the June 30th total of 8,530,000 shares. Based on an average trading volume of 9,790,000 shares, the short-interest ratio is currently 1.3 days. Currently, 0.9% of the shares of the company are sold short.
View Cenovus Energy's Short Interest
.

When is Cenovus Energy's next earnings date?

Cenovus Energy is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 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 Wednesday, July, 28th. The oil and gas company reported $0.11 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.29 by $0.18. Cenovus Energy had a net margin of 0.43% and a negative trailing twelve-month return on equity of 2.80%.
View Cenovus Energy's earnings history
.

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 177.1% and is now trading at $8.34.
View which stocks have been most impacted by COVID-19
.

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

Cenovus Energy announced a quarterly dividend on Friday, July 30th. Investors of record on Wednesday, September 15th will be paid a dividend of $0.0139 per share on Thursday, September 30th. This represents a $0.06 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Tuesday, September 14th.
View Cenovus Energy's dividend history
.

What price target have analysts set for CVE?

17 brokers have issued 12 month target prices for Cenovus Energy's stock. Their forecasts range from $6.00 to $20.00. On average, they anticipate Cenovus Energy's share price to reach $13.50 in the next year. This suggests a possible upside of 61.9% from the stock's current price.
View analysts' price targets for Cenovus Energy
or view top-rated stocks among Wall Street analysts.

Who are Cenovus Energy's key executives?

Cenovus Energy's management team includes the following people:
  • Mr. Alexander J. Pourbaix, CEO, Pres & Director (Age 55, Pay $1.9M)
  • Mr. Jonathan M. McKenzie, Exec. VP & COO (Age 53, Pay $892.62k)
  • Mr. Alan Craig Reid, Advisor
  • Mr. Joseph Drew Zieglgansberger, Exec. VP of Upstream – Conventional & Integration
  • Mr. Jeffrey Ryan Hart, Exec. VP & CFO
  • Ms. Sherry A. Wendt, Director of Investor Relations
  • Mr. Gary Frederick Molnar, Sr. VP of Legal, Gen. Counsel & Corp. Sec.
  • Mr. Kam S. Sandhar CA, Exec. VP of Strategy & Corp. Devel.
  • Ms. Rhona Delfrari, Chief Sustainability Officer & Sr. VP of Stakeholder Engagement
  • Ms. Sarah J. Walters, Exec. Vice-Pres of Corp. Services

What is Alex Pourbaix's approval rating as Cenovus Energy's CEO?

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.

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).

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 many different retail and institutional investors. Top institutional investors include ConocoPhillips (9.32%), Nexus Investment Management ULC (0.09%), Hillsdale Investment Management Inc. (0.04%), DORCHESTER WEALTH MANAGEMENT Co (0.02%), Adams Natural Resources Fund Inc. (0.01%) and Harel Insurance Investments & Financial Services Ltd. (0.00%).

Which major investors are selling Cenovus Energy stock?

CVE stock was sold by a variety of institutional investors in the last quarter, including ConocoPhillips, and DORCHESTER WEALTH MANAGEMENT Co.

Which major investors are buying Cenovus Energy stock?

CVE stock was bought by a variety of institutional investors in the last quarter, including Hillsdale Investment Management Inc., Adams Natural Resources Fund Inc., Harel Insurance Investments & Financial Services Ltd., Nexus Investment Management ULC, and Kohmann Bosshard Financial Services 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cenovus Energy's stock price today?

One share of CVE stock can currently be purchased for approximately $8.34.

How much money does Cenovus Energy make?

Cenovus Energy has a market capitalization of $16.83 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.

How many employees does Cenovus Energy have?

Cenovus Energy employs 2,413 workers across the globe.

When was Cenovus Energy founded?

Cenovus Energy was founded in 2009.

What is Cenovus Energy's official website?

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

Where are Cenovus Energy's headquarters?

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

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 7/31/2021 by MarketBeat.com Staff
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