Cenovus Energy Stock Forecast, Price & News

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.
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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.

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

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.

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.

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.

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.

Some companies that are related to Cenovus Energy include Ecopetrol (EC), Encana (ECA), Pioneer Natural Resources (PXD), Woodside Petroleum (WOPEY), Occidental Petroleum (OXY), Denbury (DEN), Concho Resources (CXO), Oasis Petroleum (OAS), Oasis Petroleum (OAS), Galp Energia, SGPS (GLPEY), Toray Industries (TRYIY), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Continental Resources (CLR) and Devon Energy (DVN).
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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 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%).

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..

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..

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.

One share of CVE stock can currently be purchased for approximately $5.00.

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.

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

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]