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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 and the United States. The company's Oil Sands segment develops and produces bitumen and natural gas in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as projects in the early stages of development, such as Telephone Lake. This segment also holds the Athabasca natural gas assets. Its Deep Basin segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas of British Columbia and Alberta, and include interests in natural gas processing facilities. The company's Refining and Marketing segment transports, sells, and refines crude oil into petroleum and chemical products. This segment owns a 50% interest ownership in two refineries in the United States; owns and operates a crude-by-rail terminal in Alberta; and markets third-party purchases and sales of product. Cenovus Energy Inc. is headquartered in Calgary, Canada.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:CVE
CUSIPN/A
Phone403-766-2000
Debt
Debt-to-Equity Ratio0.50
Current Ratio1.12
Quick Ratio0.72
Price-To-Earnings
Trailing P/E Ratio-542.50
Forward P/E Ratio-72.33
P/E GrowthN/A
Sales & Book Value
Annual Sales$13.14 billion
Price / Sales1.01
Cash Flow$1.2150 per share
Price / Cash8.93
Book Value$12.48 per share
Price / Book0.87
Profitability
EPS (Most Recent Fiscal Year)($0.02)
Net Income$2.60 billion
Net Margins13.13%
Return on Equity-3.24%
Return on Assets-1.52%
Miscellaneous
Employees2,882
Outstanding Shares1,228,790,000
Cenovus Energy (NYSE:CVE) Frequently Asked Questions
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 Friday, April 27th. Investors of record on Friday, June 15th will be given a dividend of $0.0389 per share on Friday, June 29th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, June 14th. View Cenovus Energy's Dividend History.
How were Cenovus Energy's earnings last quarter?
Cenovus Energy (NYSE:CVE) issued its quarterly earnings data on Wednesday, April, 25th. The oil and gas company reported ($0.48) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.13) by $0.35. The oil and gas company earned $3.72 billion during the quarter, compared to analyst estimates of $3.88 billion. Cenovus Energy had a net margin of 13.13% and a negative return on equity of 3.24%. During the same quarter in the previous year, the firm earned ($0.05) EPS. View Cenovus Energy's Earnings History.
When is Cenovus Energy's next earnings date?
What price target have analysts set for CVE?
16 brokerages have issued 12 month target prices for Cenovus Energy's stock. Their predictions range from $8.00 to $22.00. On average, they anticipate Cenovus Energy's stock price to reach $14.7857 in the next twelve months. View Analyst Ratings for Cenovus Energy.
Are investors shorting Cenovus Energy?
Cenovus Energy saw a decrease in short interest during the month of May. As of May 15th, there was short interest totalling 34,419,206 shares, a decrease of 8.2% from the April 30th total of 37,478,171 shares. Based on an average daily volume of 4,578,452 shares, the days-to-cover ratio is presently 7.5 days. Currently, 2.8% of the shares of the company are sold short.
Who are some of Cenovus Energy's key competitors?
Some companies that are related to Cenovus Energy include Canadian Natural Resources (CNQ), Ecopetrol (EC), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Continental Resources (CLR), Sasol (SSL), Woodside Petroleum (WOPEY), Concho Resources (CXO), Devon Energy (DVN), Marathon Oil (MRO), Noble Energy (NBL), Apache (APA), Galp (GLPEY) and RWE (RWEOY).
Who are Cenovus Energy's key executives?
Cenovus Energy's management team includes the folowing people:
- Mr. Ivor Melvin Ruste, Exec. VP & CFO (Age 62)
- Mr. Harbir Singh Chhina, Exec. VP & CTO
- Mr. Alexander J. Pourbaix, CEO, Pres & Director (Age 52)
- Mr. Kam S. Sandhar CA, VP of Investor Relations & Corp. Devel.
- Mr. Alan Craig Reid, Exec. VP of Stakeholder Engagement, Safety & Legal and Gen. Counsel
Has Cenovus Energy been receiving favorable news coverage?
Headlines about CVE stock have trended positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cenovus Energy earned a media sentiment score of 0.42 on Accern's scale. They also gave media coverage about the oil and gas company an impact score of 45.30 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are Cenovus Energy's major shareholders?
Cenovus Energy's stock is owned by many different of retail and institutional investors. Top institutional investors include Letko Brosseau & Associates Inc. (3.22%), First Eagle Investment Management LLC (2.61%), Caisse DE Depot ET Placement DU Quebec (2.37%), Burgundy Asset Management Ltd. (2.22%), Pzena Investment Management LLC (2.01%) and CIBC World Markets Inc. (1.03%). View Institutional Ownership Trends for Cenovus Energy.
Which institutional investors are selling Cenovus Energy stock?
CVE stock was sold by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, The Manufacturers Life Insurance Company , Caisse DE Depot ET Placement DU Quebec, State of Wisconsin Investment Board, Fiera Capital Corp, Burgundy Asset Management Ltd., Intact Investment Management Inc. and Korea Investment CORP. View Insider Buying and Selling for Cenovus Energy.
Which institutional investors are buying Cenovus Energy stock?
CVE stock was acquired by a variety of institutional investors in the last quarter, including Letko Brosseau & Associates Inc., Pzena Investment Management LLC, Arosa Capital Management LP, Ninepoint Partners LP, CIBC World Markets Inc., Waratah Capital Advisors Ltd., Lincluden Management Ltd. and Commerzbank Aktiengesellschaft FI. View Insider Buying and Selling for Cenovus Energy.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cenovus Energy's stock price today?
One share of CVE stock can currently be purchased for approximately $10.85.
How big of a company is Cenovus Energy?
Cenovus Energy has a market capitalization of $13.75 billion and generates $13.14 billion in revenue each year. The oil and gas company earns $2.60 billion in net income (profit) each year or ($0.02) on an earnings per share basis. Cenovus Energy employs 2,882 workers across the globe.
How can I contact Cenovus Energy?
Cenovus Energy's mailing address is 2600 500 CENTRE STREET S.E., CALGARY A0, T2G 1A6. The oil and gas company can be reached via phone at 403-766-2000 or via email at [email protected]
MarketBeat Community Rating for Cenovus Energy (CVE)
MarketBeat's community ratings are surveys of what our community members think about Cenovus Energy and other stocks. Vote "Outperform" if you believe CVE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CVE will underperform the S&P 500 over the long term. You may vote once every thirty days.
Cenovus Energy (NYSE:CVE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
16 Wall Street analysts have issued ratings and price targets for Cenovus Energy in the last 12 months. Their average twelve-month price target is $14.7857, suggesting that the stock has a possible upside of 36.27%. The high price target for CVE is $22.00 and the low price target for CVE is $8.00. There are currently 1 sell rating, 8 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.38 | 2.33 | 2.29 | 2.27 |
| Ratings Breakdown: | 1 Sell Rating(s)
8 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
8 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 3 Sell Rating(s)
4 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 3 Sell Rating(s)
5 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $14.7857 | $13.75 | $15.10 | $16.7857 |
| Price Target Upside: | 36.27% upside | 43.23% upside | 100.80% upside | 61.40% upside |
Cenovus Energy (NYSE:CVE) Consensus Price Target History
Cenovus Energy (NYSE:CVE) Analyst Ratings History
Show:
(Data available from 5/25/2016 forward)
Cenovus Energy (NYSE:CVE) Dividend Information
Cenovus Energy pays an annual dividend of $0.16 per share, with a dividend yield of 1.47%. CVE's next quarterly dividend payment will be made on Friday, June 29. Cenovus Energy pays out -800.00% of its earnings out as a dividend.
| Next Dividend: | 6/29/2018 |
| Annual Dividend: | $0.16 |
| Dividend Yield: | 1.47% |
| Dividend Growth: | -46.30% (3 Year Average) |
| Payout Ratio(s): | -800.00% (Trailing 12 Months of Earnings)
-106.67% (Based on This Year's Estimates)
21.92% (Based on Next Year's Estimates)
13.17% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
Cenovus Energy (NYSE:CVE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/27/2018 | quarterly | $0.0389 | 1.55% | 6/14/2018 | 6/15/2018 | 6/29/2018 |
| 2/16/2018 | quarterly | $0.0398 | 2.11% | 3/14/2018 | 3/15/2018 | 3/29/2018 |
| 11/1/2017 | Quarterly | $0.0390 | 1.46% | 12/14/2017 | 12/15/2017 | 12/29/2017 |
| 7/27/2017 | Quarterly | $0.0390 | 1.89% | 9/14/2017 | 9/15/2017 | 9/29/2017 |
| 4/27/2017 | quarterly | $0.0371 | 1.49% | 6/13/2017 | 6/15/2017 | 6/30/2017 |
| 2/16/2017 | quarterly | $0.0382 | 1.09% | 3/13/2017 | 3/15/2017 | 3/31/2017 |
| 10/31/2016 | quarterly | $0.0376 | 1.04% | 12/13/2016 | 12/15/2016 | 12/30/2016 |
| 7/29/2016 | quarterly | $0.0378 | 1.06% | 9/13/2016 | 9/15/2016 | 9/30/2016 |
| 4/28/2016 | quarterly | $0.0395 | 1.01% | 6/13/2016 | 6/15/2016 | 6/30/2016 |
| 2/12/2016 | quarterly | $0.0359 | 1.37% | 3/11/2016 | 3/15/2016 | 3/31/2016 |
| 10/30/2015 | quarterly | $0.1215 | 3.26% | 12/11/2015 | 12/15/2015 | 12/31/2015 |
| 7/31/2015 | quarterly | $0.1227 | 3.37% | 9/11/2015 | 9/15/2015 | 9/30/2015 |
| 4/30/2015 | quarterly | $0.2186 | 4.65% | 6/11/2015 | 6/15/2015 | 6/30/2015 |
| 2/13/2015 | quarterly | $0.2135 | 4.4% | 3/11/2015 | 3/13/2015 | 3/31/2015 |
| 10/24/2014 | quarterly | $0.2359 | 3.86% | 12/11/2014 | 12/15/2014 | 12/31/2014 |
| 7/31/2014 | quarterly | $0.2461 | 3.21% | 9/11/2014 | 9/15/2014 | 9/30/2014 |
| 5/1/2014 | quarterly | $0.2412 | 3.3% | 6/11/2014 | 6/13/2014 | 6/30/2014 |
| 2/14/2014 | quarterly | $0.2407 | 3.72% | 3/12/2014 | 3/14/2014 | 3/31/2014 |
| 10/24/2013 | | $0.2327 | | 12/11/2013 | 12/13/2013 | 12/31/2013 |
| 10/24/2013 | quarterly | $0.2352 | 3.18% | 12/11/2013 | 12/13/2013 | 12/31/2013 |
| 7/25/2013 | quarterly | $0.2334 | 3.12% | 9/11/2013 | 9/13/2013 | 9/30/2013 |
| 4/25/2013 | quarterly | $0.2357 | 3.25% | 6/12/2013 | 6/14/2013 | 6/28/2013 |
| 2/15/2013 | quarterly | $0.2408 | 3.02% | 3/13/2013 | 3/15/2013 | 3/28/2013 |
(Data available from 1/1/2013 forward)
Cenovus Energy (NYSE CVE) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 74.19%
Cenovus Energy (NYSE CVE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
(Data available from 1/1/2013 forward)
Cenovus Energy (NYSE CVE) News Headlines
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Cenovus Energy (NYSE:CVE) SEC Filings
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Cenovus Energy (NYSE:CVE) Income Statement, Balance Sheet and Cash Flow Statement
Cenovus Energy (NYSE CVE) Stock Chart for Friday, May, 25, 2018
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