Cenovus Energy Inc is a Canada-based integrated oil company. It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids (NGLs) and natural gas in Canada. The Company also conducts marketing activities and owns refining interests in the United States (U.S.). Its segments include: Oil Sands, which includes the development and production of bitumen and natural gas in northeast Alberta; Conventional, which includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake, the carbon dioxide (CO2) enhanced oil recovery (EOR) project at Weyburn and emerging tight oil opportunities; Refining and Marketing, which includes transporting and selling crude oil and natural gas and joint ownership of refineries in the U.S., as well as Corporate and Eliminations.
Industry, Sector and Symbol:
- Sector: Energy
- Industry: Oil & Gas Refining and Marketing - NEC
- Sub-Industry: N/A
- Symbol: NYSE:CVE
- CUSIP: N/A
- Web: www.cenovus.com/
- Market Cap: $6.21 billion
- Outstanding Shares: 833,289,000
- 50 Day Moving Avg: $7.62
- 200 Day Moving Avg: $10.96
- 52 Week Range: $6.76 - $16.82
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 24.03
- P/E Growth: 1.49
- Annual Revenue: $10.88 billion
- Price / Sales: 0.57
- Book Value: $11.12 per share
- Price / Book: 0.67
- Annual Dividend: $0.15
- Dividend Yield: 1.0%
- EBIDTA: $1.3 billion
- Net Margins: 5.46%
- Return on Equity: 7.26%
- Return on Assets: 3.36%
- Debt-to-Equity Ratio: 0.54%
- Current Ratio: 3.05%
- Quick Ratio: 2.63%
- Average Volume: 4.82 million shs.
- Beta: 0.54
- Short Ratio: 4.48
Frequently Asked Questions for Cenovus Energy (NYSE:CVE)
What is Cenovus Energy's stock symbol?
Cenovus Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "CVE."
How often does Cenovus Energy pay dividends? What is the dividend yield for Cenovus Energy?
Cenovus Energy announced a quarterly dividend on Thursday, April 27th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.0371 per share on Friday, June 30th. This represents a $0.15 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Tuesday, June 13th. View Cenovus Energy's Dividend History.
How were Cenovus Energy's earnings last quarter?
Cenovus Energy Inc (NYSE:CVE) issued its quarterly earnings results on Wednesday, April, 26th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.02 by $0.06. The firm earned $2.92 billion during the quarter, compared to the consensus estimate of $3.21 billion. Cenovus Energy had a return on equity of 7.26% and a net margin of 5.46%. During the same quarter in the prior year, the business posted ($0.51) EPS. View Cenovus Energy's Earnings History.
Where is Cenovus Energy's stock going? Where will Cenovus Energy's stock price be in 2017?
16 brokers have issued 12 month price objectives for Cenovus Energy's shares. Their forecasts range from $8.00 to $25.00. On average, they expect Cenovus Energy's share price to reach $19.17 in the next year. View Analyst Ratings for Cenovus Energy.
Are investors shorting Cenovus Energy?
Cenovus Energy saw a increase in short interest in the month of June. As of June 30th, there was short interest totalling 27,679,831 shares, an increase of 68.6% from the June 15th total of 16,413,219 shares. Based on an average trading volume of 6,361,133 shares, the short-interest ratio is presently 4.4 days. Currently, 2.7% of the shares of the stock are sold short.
Who are some of Cenovus Energy's key competitors?
Some companies that are related to Cenovus Energy include Western Gas Equity Partners, LP (WGP), Markwest Energy Partners LP (MWE), Western Gas Partners, LP (WES), AmeriGas Partners, L.P. (APU), PBF Energy (PBF), Targa Resources Partners LP (NGLS), Cosan Limited (CZZ), Crestwood Equity Partners LP (CEQP), NGL ENERGY PARTNERS LP (NGL), Suburban Propane Partners, L.P. (SPH), CVR Refining, LP (CVRR), American Midstream Partners, LP (AMID), Alon USA Partners, LP (ALDW), Sprague Resources LP (SRLP), Clean Energy Fuels Corp. (CLNE), Arc Logistic Partners LP (ARCX), Aegean Marine Petroleum Network (ANW) and Midcoast Energy Partners LP (MEP).
Who are Cenovus Energy's key executives?
Cenovus Energy's management team includes the folowing people:
- Patrick D. Daniel, Chairman of the Board
- Brian C. Ferguson, President, Chief Executive Officer, Non-Independent Director
- Ivor M. Ruste, Chief Financial Officer, Executive Vice President
- Harbir S. Chhina, Executive Vice President, Chief Technology Officer
- Alan Craig Reid, Executive Vice-President - Environment, Corporate Affairs, Legal & General Counsel
- Judy A. Fairburn, Executive Vice President - Safety, Chief Digital Officer
- Kieron McFayden, Executive Vice President, President - Upstream Oil & Gas
- Robert William Pease, Executive Vice President - Strategic Planning, President, Downstream
- J. Drew Zieglgansberger, Executive Vice President - Deep Basin
- Sarah Walters, Vice President - Human Resources
Who owns Cenovus Energy stock?
Cenovus Energy's stock is owned by a number of of retail and institutional investors. Top institutional investors include Beutel Goodman & Co Ltd. (5.39%), Jarislowsky Fraser Ltd (1.64%), NN Investment Partners Holdings N.V. (0.22%), APG Asset Management N.V. (0.16%), Foundation Resource Management Inc. (0.08%) and Nexus Investment Management Inc. (0.06%). View Institutional Ownership Trends for Cenovus Energy.
Who sold Cenovus Energy stock? Who is selling Cenovus Energy stock?
Cenovus Energy's stock was sold by a variety of institutional investors in the last quarter, including Jarislowsky Fraser Ltd, Cardinal Capital Management Inc., NN Investment Partners Holdings N.V., APG Asset Management N.V., Beutel Goodman & Co Ltd., US Bancorp DE, Aperio Group LLC and Nexus Investment Management Inc.. View Insider Buying and Selling for Cenovus Energy.
Who bought Cenovus Energy stock? Who is buying Cenovus Energy stock?
Cenovus Energy's stock was acquired by a variety of institutional investors in the last quarter, including DORCHESTER WEALTH MANAGEMENT Co, Foundation Resource Management Inc., Capstone Asset Management Co. and Gateway Investment Advisers LLC. View Insider Buying and Selling for Cenovus Energy.
How do I buy Cenovus Energy stock?
Shares of Cenovus Energy can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cenovus Energy's stock price today?
MarketBeat Community Rating for Cenovus Energy (NYSE CVE)MarketBeat's community ratings are surveys of what our community members think about Cenovus Energy and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Cenovus Energy stock can currently be purchased for approximately $7.45.
Consensus Ratings for Cenovus Energy (NYSE:CVE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 7 Hold Ratings, 7 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.31)|
|Consensus Price Target: ||$19.17 (157.27% upside)|
Analysts' Ratings History for Cenovus Energy (NYSE:CVE)
(Data available from 7/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/19/2017||Morgan Stanley||Downgrade||Overweight -> Equal Weight||High|
|7/12/2017||Barclays PLC||Reiterated Rating||Overweight||$15.00 -> $22.00||Low|
|7/5/2017||Raymond James Financial, Inc.||Downgrade||Market Perform -> Underperform||Low|
|6/27/2017||National Bank Financial||Initiated Coverage||Sector Perform||Medium|
|6/22/2017||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Neutral -> Neutral||$8.00||Low|
|6/21/2017||Canaccord Genuity||Upgrade||Hold -> Buy||High|
|6/21/2017||Macquarie||Downgrade||Neutral -> Underperform||High|
|5/26/2017||Credit Suisse Group||Reiterated Rating||Outperform -> Outperform||High|
|3/24/2017||TD Securities||Upgrade||Hold -> Buy||Low|
|2/16/2017||Societe Generale||Upgrade||Hold -> Buy||N/A|
|12/13/2016||Edward Jones||Downgrade||Buy -> Hold||N/A|
|12/10/2016||Royal Bank Of Canada||Reiterated Rating||Outperform||$24.00 -> $25.00||N/A|
|8/19/2016||Bank of America Corporation||Initiated Coverage||Neutral||$17.00||N/A|
|7/29/2016||J P Morgan Chase & Co||Boost Price Target||Neutral||$19.00 -> $20.00||N/A|
|2/14/2016||BMO Capital Markets||Reiterated Rating||Market Perform||$18.00||N/A|
|12/15/2015||FirstEnergy Capital||Reiterated Rating||Outperform||$23.00 -> $22.00||N/A|
|9/16/2015||Citigroup Inc.||Reiterated Rating||Neutral||$21.00 -> $19.00||N/A|
Earnings History for Cenovus Energy (NYSE:CVE)Earnings History by Quarter for Cenovus Energy (NYSE CVE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/26/2017||3/31/2017||$0.02||($0.04)||$3.21 billion||$2.92 billion||View||N/A|
|2/16/2017||Q316||($0.03)||$0.29||$2.61 billion||$2.73 billion||View||N/A|
|10/27/2016||Q216||($0.07)||($0.22)||$2.54 billion||$2.48 billion||View||Listen|
|7/28/2016||Q2 2016||($0.14)||($0.05)||$2.20 billion||$2.33 billion||View||N/A|
|4/27/2016||Q116||($0.37)||($0.51)||$1.85 billion||$1.64 billion||View||N/A|
|2/11/2016||Q415||($0.21)||($0.53)||$3.17 billion||$2.92 billion||View||N/A|
|10/29/2015||Q315||$0.02||($0.03)||$2.66 billion||$2.50 billion||View||Listen|
|7/30/2015||Q215||$0.01||$0.14||$2.80 billion||$3.03 billion||View||Listen|
|4/29/2015||Q115||($0.11)||($0.64)||$3.81 billion||$2.60 billion||View||N/A|
|2/12/2015||Q414||$0.16||($0.49)||$3.43 billion||$3.36 billion||View||N/A|
|10/23/2014||Q314||$0.44||$0.14||$4.06 billion||$4.43 billion||View||Listen|
|7/30/2014||Q214||$0.44||$0.74||$4.18 billion||$5.01 billion||View||N/A|
|4/30/2014||Q1 2014||$0.45||$0.28||$4.62 billion||$4.56 billion||View||N/A|
Earnings Estimates for Cenovus Energy (NYSE:CVE)
2017 EPS Consensus Estimate: $0.28
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Cenovus Energy (NYSE:CVE)
|Most Recent Dividend:||6/30/2017|
|Dividend Growth:||-45.30% (3 Year Average)|
|Payout Ratio:||-71.43% (Trailing 12 Months of Earnings) |
125.00% (Based on This Year's Estimates)
48.39% (Based on Next Year's Estimates)
Dividend History by Quarter for Cenovus Energy (NYSE CVE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Cenovus Energy (NYSE:CVE)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Cenovus Energy (NYSE:CVE)
Latest Headlines for Cenovus Energy (NYSE:CVE)
|Checking the Forecast for Chevron Stock ahead of Q2 Earnings|
finance.yahoo.com - July 21 at 7:17 PM
|UPDATE: Morgan Stanley Downgrades Cenovus Energy Inc. (CVE) to Equalweight|
www.streetinsider.com - July 19 at 6:49 PM
|Morgan Stanley Lowers Cenovus Energy Inc (NYSE:CVE) to Equal Weight|
www.americanbankingnews.com - July 19 at 10:25 AM
|Zacks Investment Research Upgrades Cenovus Energy Inc (CVE) to "Hold"|
www.americanbankingnews.com - July 18 at 6:24 PM
|Cenovus Energy Inc (CVE) Short Interest Up 68.6% in June|
www.americanbankingnews.com - July 17 at 7:06 AM
|Cenovus Energy Inc (CVE) Upgraded to Sell at BidaskClub|
www.americanbankingnews.com - July 16 at 2:50 PM
|Cenovus Energy Inc. Divestitures on the Horizon: Time to Buy? - The Motley Fool Canada|
www.fool.ca - July 14 at 3:31 PM
|In search for new CEO, Cenovus seeks fresh blood for old path - Nasdaq|
www.nasdaq.com - July 14 at 3:31 PM
|Cenovus releases 2016 corporate responsibility report|
finance.yahoo.com - July 13 at 11:58 PM
|Cenovus Energy Inc (NYSE:CVE) Lowered to Sell at Zacks Investment Research|
www.americanbankingnews.com - July 12 at 5:58 PM
|Cenovus Energy Inc (NYSE:CVE) Earns Overweight Rating from Barclays PLC|
www.americanbankingnews.com - July 12 at 9:29 AM
|Cenovus Energy Inc (CVE) Downgraded by Raymond James Financial, Inc.|
www.americanbankingnews.com - July 9 at 7:14 PM
|Clean Energy Fuels Corp. (CLNE) and Cenovus Energy (NYSE:CVE) Financial Comparison|
www.americanbankingnews.com - July 9 at 2:14 PM
|Cenovus Energy Inc (CVE) Expected to Post Quarterly Sales of $3.40 Billion|
www.americanbankingnews.com - July 7 at 4:18 PM
| Brokerages Expect Cenovus Energy Inc (NYSE:CVE) to Post $0.05 EPS|
www.americanbankingnews.com - July 5 at 9:12 AM
|Raymond James Downgrades Cenovus Energy Inc. (CVE) to Underperform|
www.streetinsider.com - July 5 at 5:04 AM
|Cenovus Energy Inc (NYSE:CVE) Short Interest Up 64.6% in June|
www.americanbankingnews.com - July 1 at 7:16 AM
|Comparing Cenovus Energy (CVE) & Cosan (CZZ)|
www.americanbankingnews.com - June 29 at 4:07 PM
|National Bank Starts Cenovus Energy Inc. (CVE) at Sector Perform - StreetInsider.com|
www.streetinsider.com - June 28 at 10:36 PM
|CVR Refining, (CVRR) versus Cenovus Energy (CVE) Critical Analysis|
www.americanbankingnews.com - June 28 at 6:28 PM
|Cenovus Energy Inc (CVE) Coverage Initiated at National Bank Financial|
www.americanbankingnews.com - June 27 at 12:24 PM
|Cenovus Energy Inc (CVE) Earns Neutral Rating from Goldman Sachs Group, Inc. (The)|
www.americanbankingnews.com - June 25 at 7:10 AM
|Cenovus Energy Inc (CVE) Lowered to "Strong Sell" at BidaskClub|
www.americanbankingnews.com - June 24 at 1:46 PM
|Q3 2017 Earnings Forecast for Cenovus Energy Inc (CVE) Issued By Cormark|
www.americanbankingnews.com - June 23 at 8:52 AM
|Featured Company News - Cenovus Energy Plans Nearly $5 Billion Asset Sale and Starts Hunt for a New CEO|
finance.yahoo.com - June 22 at 10:33 AM
|ConocoPhillips: Not a Buy Despite Major Positive, Goldman Sachs Says|
finance.yahoo.com - June 22 at 10:33 AM
|Cormark Weighs in on Cenovus Energy Inc's Q2 2017 Earnings (CVE)|
www.americanbankingnews.com - June 22 at 7:40 AM
|Cenovus Hit by CEO Retirement, ConocoPhillips Deal Plans|
finance.yahoo.com - June 21 at 5:56 PM
|Cenovus Energy Inc (CVE) Cut to "Underperform" at Macquarie|
www.americanbankingnews.com - June 21 at 8:54 AM
|Why SUPERVALU, Cenovus Energy, and Frontier Communications Slumped Today - Motley Fool|
www.fool.com - June 20 at 11:29 PM
|BUZZ-US STOCKS ON THE MOVE-AMD, Chipotle, Vivint Solar, Cenovus Energy, and oil and biotech stocks - Nasdaq|
www.nasdaq.com - June 20 at 11:29 PM
|Cenovus CEO says company cut some jobs as it reviews operations|
finance.yahoo.com - June 20 at 5:16 PM
|Why SUPERVALU, Cenovus Energy, and Frontier Communications Slumped Today|
finance.yahoo.com - June 20 at 5:16 PM
|Cenovus Energy Inc Plunges After Announcing CEO Retirement and New 5-Year Plan|
www.fool.com - June 20 at 12:58 PM
|Cenovus Energy Inc (CVE) Given Consensus Rating of "Hold" by Analysts|
www.americanbankingnews.com - June 20 at 8:35 AM
|Cenovus President & Chief Executive Officer Brian Ferguson to retire|
feeds.benzinga.com - June 20 at 6:29 AM
|Reviewing Cenovus Energy (CVE) & Alon USA Partners, (ALDW)|
www.americanbankingnews.com - June 19 at 4:16 PM
|Cenovus Energy Inc (CVE) Raised to Sell at BidaskClub|
www.americanbankingnews.com - June 14 at 9:06 PM
|Cenovus to webcast Investor Day 2017|
finance.yahoo.com - June 13 at 9:17 PM
|Zacks: Analysts Expect Cenovus Energy Inc (CVE) Will Announce Quarterly Sales of $3.45 Billion|
www.americanbankingnews.com - June 10 at 7:35 AM
|Investors Purchase Large Volume of Cenovus Energy Put Options (CVE)|
www.americanbankingnews.com - June 10 at 7:08 AM
|Cash Dividend On The Way From Cenovus Energy (CVE)|
www.nasdaq.com - June 9 at 4:13 PM
| Brokerages Anticipate Cenovus Energy Inc (CVE) Will Post Earnings of $0.04 Per Share|
www.americanbankingnews.com - June 9 at 12:06 AM
|Reviewing Phillips 66 (PSX) & Cenovus Energy (CVE)|
www.americanbankingnews.com - June 8 at 8:18 AM
|ValuEngine Downgrades Cenovus Energy Inc (CVE) to Sell|
www.americanbankingnews.com - June 4 at 9:52 PM
|CVE Stock Crowded With Sellers|
www.nasdaq.com - June 2 at 6:08 PM
|ETFs with exposure to Cenovus Energy, Inc. : May 26, 2017|
finance.yahoo.com - May 26 at 5:09 PM
|Cenovus Energy Inc (CVE) Coverage Initiated by Analysts at Credit Suisse Group AG|
www.americanbankingnews.com - May 26 at 10:59 AM
|Cenovus Energy Inc (CVE) Given Average Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - May 26 at 8:50 AM
|More Headwinds for Cenovus Energy Inc. - The Motley Fool Canada|
www.fool.ca - May 24 at 11:45 PM
Cenovus Energy (CVE) Chart for Sunday, July, 23, 2017