NYSE:CVE - Cenovus Energy Stock Price, Forecast & 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 (WHO). Since then, CVE stock has decreased by 43.9% and is now trading at $1.69. View which stocks have been mosted impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Cenovus Energy.

Cenovus Energy is scheduled to release its next quarterly earnings announcement on Wednesday, April 29th 2020. View our earnings forecast for Cenovus Energy.

Cenovus Energy Inc (NYSE:CVE) issued its earnings results on Wednesday, February, 12th. The oil and gas company reported ($0.10) EPS for the quarter, missing the Zacks' consensus estimate of $0.08 by $0.18. The oil and gas company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $4.12 billion. Cenovus Energy had a return on equity of 2.43% and a net margin of 10.38%. View Cenovus Energy's earnings history.

Cenovus Energy announced a quarterly dividend on Wednesday, February 12th. Shareholders of record on Friday, March 13th will be given a dividend of $0.047 per share on Tuesday, March 31st. This represents a $0.19 dividend on an annualized basis and a dividend yield of 11.12%. The ex-dividend date of this dividend is Thursday, March 12th. View Cenovus Energy's dividend history.

13 analysts have issued 12 month price objectives for Cenovus Energy's stock. Their forecasts range from $5.50 to $17.50. On average, they expect Cenovus Energy's stock price to reach $12.25 in the next year. This suggests a possible upside of 624.9% from the stock's current price. View analysts' price targets for Cenovus Energy.

Media coverage about CVE stock has trended very positive recently, InfoTrie reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cenovus Energy earned a news impact score of 4.0 on InfoTrie's scale. They also assigned media stories about the oil and gas company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutCenovus Energy.

Cenovus Energy saw a increase in short interest in March. As of March 13th, there was short interest totaling 28,533,900 shares, an increase of 38.6% from the February 27th total of 20,580,000 shares. Based on an average daily volume of 4,750,000 shares, the days-to-cover ratio is presently 6.0 days. Currently, 2.8% of the company's shares are short sold. View Cenovus Energy's Current Options Chain.

Some companies that are related to Cenovus Energy include Concho Resources (CXO), GALP ENERGIA SG/ADR (GLPEY), TORAY INDUSTRIE/ADR (TRYIY), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Continental Resources (CLR), Encana (ECA), Marathon Oil (MRO), Devon Energy (DVN), Noble Energy (NBL), Parsley Energy (PE), Apache (APA), EQT (EQT), Cimarex Energy (XEC) and WPX Energy (WPX).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cenovus Energy investors own include Bank of America (BAC), General Electric (GE), Encana (ECA), Suncor Energy (SU), Intel (INTC), AT&T (T), Enbridge (ENB), Cisco Systems (CSCO), Micron Technology (MU) and Exxon Mobil (XOM).

Cenovus Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "CVE."

Cenovus Energy's stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (7.54%), Capital World Investors (4.41%), Capital Research Global Investors (4.34%), Letko Brosseau & Associates Inc. (3.18%), TD Asset Management Inc. (3.11%) and Capital International Investors (2.56%).

CVE stock was sold by a variety of institutional investors in the last quarter, including Letko Brosseau & Associates Inc., Russell Investments Group Ltd., FIL Ltd, Man Group plc, QV Investors Inc., Renaissance Technologies LLC, Korea Investment CORP, and Cubist Systematic Strategies LLC.

CVE stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Credit Suisse AG, Connor Clark & Lunn Investment Management Ltd., Pzena Investment Management LLC, Cidel Asset Management Inc., Schonfeld Strategic Advisors LLC, Hotchkis & Wiley Capital Management LLC, and Public Sector Pension Investment Board.

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 $1.69.

Cenovus Energy has a market capitalization of $2.08 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. View additional information about Cenovus Energy.

The official website for Cenovus Energy is http://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]