S&P 500   3,841.47
DOW   30,996.98
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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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NYSE:CVE

Cenovus Energy Stock Forecast, Price & News

$5.88
-0.25 (-4.08 %)
(As of 01/22/2021 12:00 AM ET)
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Today's Range
$5.81
Now: $5.88
$6.05
50-Day Range
$5.56
MA: $6.09
$6.81
52-Week Range
$1.41
Now: $5.88
$9.39
Volume9.62 million shs
Average Volume12.49 million shs
Market Capitalization$7.23 billion
P/E RatioN/A
Dividend Yield0.82%
Beta3.12
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

MarketRank

Overall MarketRank

2.03 out of 5 stars

Oils/Energy Sector

44th out of 668 stocks

Crude Petroleum & Natural Gas Industry

17th out of 247 stocks

Analyst Opinion: 4.2Community Rank: 2.2Dividend Strength: 0.8Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

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$1.59 per share
Book Value$11.77 per share

Profitability

Net Income$1.65 billion

Miscellaneous

Outstanding Shares1,228,870,000
Market Cap$7.23 billion
Next Earnings Date2/10/2021 (Estimated)
OptionableOptionable
$5.88
-0.25 (-4.08 %)
(As of 01/22/2021 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 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 stock has increased by 95.3% and is now trading at $5.88.
View which stocks have been most impacted by COVID-19
.

Is Cenovus Energy a buy right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Cenovus Energy stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CVE, but not buy additional shares or sell existing shares.
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 past winning trading ideas 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.

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.

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 data on Thursday, October, 29th. The oil and gas company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by $0.34. The oil and gas company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $3.60 billion. Cenovus Energy had a negative trailing twelve-month return on equity of 12.48% and a negative net margin of 14.15%. During the same quarter last year, the firm 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 announced a quarterly dividend on Wednesday, February 12th. Stockholders 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 yield of 3.20%. The ex-dividend date is Thursday, March 12th.
View Cenovus Energy's dividend history
.

Is Cenovus Energy a good dividend stock?

Cenovus Energy pays an annual dividend of $0.05 per share and currently has a dividend yield of 0.82%. The dividend payout ratio of Cenovus Energy is 17.86%. This payout ratio is at a healthy, sustainable level, below 75%.
View Cenovus Energy's dividend history.

What price target have analysts set for CVE?

15 brokerages have issued 12-month target prices for Cenovus Energy's shares. Their forecasts range from $5.50 to $11.00. On average, they expect Cenovus Energy's stock price to reach $8.06 in the next twelve months. This suggests a possible upside of 37.0% from the stock's current price.
View analysts' price targets for Cenovus Energy
or view Wall Street analyst' top-rated stocks.

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 & Conventional
  • 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 retail and institutional investors. Top institutional shareholders include Nexus Investment Management ULC (0.14%), DORCHESTER WEALTH MANAGEMENT Co (0.04%), Crossmark Global Holdings Inc. (0.00%) and Candriam Luxembourg S.C.A. (0.00%).

Which institutional investors are selling Cenovus Energy stock?

CVE stock was sold by a variety of institutional investors in the last quarter, including DORCHESTER WEALTH MANAGEMENT Co, and Candriam Luxembourg S.C.A..

Which institutional investors are buying Cenovus Energy stock?

CVE stock was acquired by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., and Nexus Investment Management ULC.

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.

What is Cenovus Energy's stock price today?

One share of CVE stock can currently be purchased for approximately $5.88.

How big of a company is Cenovus Energy?

Cenovus Energy has a market capitalization of $7.23 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 1/24/2021 by MarketBeat.com Staff

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