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NYSE:CVE

Cenovus Energy Stock Forecast, Price & News

$18.83
+1.03 (+5.79%)
(As of 06/24/2022 12:00 AM ET)
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Compare
Today's Range
$18.06
$19.20
50-Day Range
$16.45
$24.71
52-Week Range
$7.20
$24.91
Volume
11.55 million shs
Average Volume
12.38 million shs
Market Capitalization
$37.02 billion
P/E Ratio
24.78
Dividend Yield
1.85%
Price Target
$25.27
30 days | 90 days | 365 days | Advanced Chart

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CVE Stock Forecast (MarketRank)

Overall MarketRank

2.19 out of 5 stars

Oils/Energy Sector

145th out of 376 stocks

Crude Petroleum & Natural Gas Industry

57th out of 123 stocks

Analyst Opinion: 3.5Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 0.0 5 -4 -3 -2 -1 -
Cenovus Energy logo

About Cenovus Energy (NYSE:CVE)

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, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segments Foster Creek, Christina Lake, Sunrise, and Tucker oil sands projects, as well as Lloydminster thermal and conventional heavy oil assets The Conventional segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake operating in Alberta and British Columbia, as well as interests in various natural gas processing facilities. The offshore segment engages in the exploration and development activities. The Canadian Manufacturing segment includes the owned and operated Lloydminster upgrading and asphalt refining complex, which upgrades heavy oil and bitumen into synthetic crude oil, diesel fuel, asphalt, and other ancillary products, as well as owns and operates the Bruderheim crude-by-rail terminal and two ethanol plants. The U.S. Manufacturing segment comprises the refining of crude oil to produce diesel, gasoline, jet fuel, asphalt, and other products. The Retail segment consists of marketing of its own and third-party refined petroleum products through retail, commercial, and bulk petroleum outlets, as well as wholesale channels. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.

CVE Stock News Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
2,413
Year Founded
2009

Company Calendar

Ex-Dividend for 3/31 Dividend
3/14/2022
Dividend Payable
3/31/2022
Last Earnings
4/27/2022
Ex-Dividend for 6/30 Dividend
6/14/2022
Today
6/24/2022
Dividend Payable
6/30/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$25.27
High Stock Price Forecast
$41.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+34.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92307692307692
Research Coverage
13 Analysts

Profitability

Net Income
$468.37 million
Pretax Margin
5.70%

Debt

Sales & Book Value

Annual Sales
$36.99 billion
Cash Flow
$3.08 per share
Book Value
$9.21 per share

Miscellaneous

Outstanding Shares
1,966,139,000
Free Float
N/A
Market Cap
$37.02 billion
Optionable
Optionable
Beta
2.48

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Cenovus Energy Frequently Asked Questions

Should I buy or sell Cenovus Energy stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There are currently 1 hold rating and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Cenovus Energy stock.
View analyst ratings for Cenovus Energy
or view top-rated stocks.

What is Cenovus Energy's stock price forecast for 2022?

13 Wall Street analysts have issued 1-year target prices for Cenovus Energy's stock. Their CVE stock forecasts range from $12.00 to $41.00. On average, they anticipate Cenovus Energy's stock price to reach $25.27 in the next year. This suggests a possible upside of 34.2% from the stock's current price.
View analysts' price targets for Cenovus Energy
or view top-rated stocks among Wall Street analysts.

How has Cenovus Energy's stock price performed in 2022?

Cenovus Energy's stock was trading at $12.28 on January 1st, 2022. Since then, CVE shares have increased by 53.3% and is now trading at $18.83.
View the best growth stocks for 2022 here
.

When is Cenovus Energy's next earnings date?

Cenovus Energy is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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 Wednesday, April, 27th. The oil and gas company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.83 by $0.21. The oil and gas company earned $14.18 billion during the quarter, compared to the consensus estimate of $10.69 billion. Cenovus Energy had a trailing twelve-month return on equity of 14.73% and a net margin of 3.56%.
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, April 27th. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.084 per share on Thursday, June 30th. This represents a $0.34 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, June 14th. This is a boost from Cenovus Energy's previous quarterly dividend of $0.03.
View Cenovus Energy's dividend history
.

Is Cenovus Energy a good dividend stock?

Cenovus Energy(NYSE:CVE) pays an annual dividend of $0.33 per share and currently has a dividend yield of 1.85%. Cenovus Energy does not yet have a strong track record of dividend growth. The dividend payout ratio of Cenovus Energy is 43.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Cenovus Energy will have a dividend payout ratio of 11.91% next year. This indicates that Cenovus Energy will be able to sustain or increase its dividend.
View Cenovus Energy's dividend history.

Who are Cenovus Energy's key executives?

Cenovus Energy's management team includes the following people:
  • Mr. Alexander J. Pourbaix, CEO, Pres & Director (Age 56, Pay $3.35M)
  • Mr. Jeffrey Ryan Hart, Exec. VP & CFO
  • Mr. Jonathan M. McKenzie, Exec. VP & COO (Age 54, Pay $1.41M)
  • Mr. Joseph Drew Zieglgansberger, EVP of Natural Gas & Technical Services
  • Mr. Keith A. Chiasson, EVP of Downstream
  • 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, EVP of Strategy & Corp. Devel.
  • Ms. Susan Anderson, Sr. Vice-Pres of People Services
  • Mr. Alan Craig Reid, Advisor

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.

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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (2.03%), TD Asset Management Inc. (1.91%), Capital World Investors (1.44%), Mackenzie Financial Corp (1.16%), Wellington Management Group LLP (1.00%) and Connor Clark & Lunn Investment Management Ltd. (0.97%).

Which major investors are selling Cenovus Energy stock?

CVE stock was sold by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Boston Partners, Invesco Ltd., Wexford Capital LP, 1832 Asset Management L.P., Hsbc Holdings PLC, Contrarius Investment Management Ltd, and Beaconlight Capital LLC.

Which major investors are buying Cenovus Energy stock?

CVE stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Connor Clark & Lunn Investment Management Ltd., Capital World Investors, Mackenzie Financial Corp, Principal Financial Group Inc., Ninepoint Partners LP, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, and Canada Pension Plan Investment Board.

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 $18.83.

How much money does Cenovus Energy make?

Cenovus Energy (NYSE:CVE) has a market capitalization of $37.02 billion and generates $36.99 billion in revenue each year. The oil and gas company earns $468.37 million in net income (profit) each year or $0.759990 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.

How can I contact Cenovus Energy?

Cenovus Energy's mailing address is 4100 225 6 AVENUE SW, CALGARY A0, T2P 1N2. The official website for Cenovus Energy is www.cenovus.com. The oil and gas company can be reached via phone at (403) 766-2000, via email at [email protected], or via fax at 403-766-7600.

This page (NYSE:CVE) was last updated on 6/24/2022 by MarketBeat.com Staff

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