NYSE:CVE Cenovus Energy Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Cenovus Energy Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $3.88 -0.15 (-3.72 %) (As of 09/23/2020 02:39 PM ET) Add Compare Share Today's Range$3.88Now: $3.88▼$4.0550-Day Range$3.96MA: $4.68▼$5.2152-Week Range$1.41Now: $3.88▼$10.52Volume302,686 shsAverage Volume7.18 million shsMarket Capitalization$4.77 billionP/E RatioN/ADividend Yield2.27%Beta2.67 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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 in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other 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.Read More Beat the Market (BTM) Rank™ 3.3 Analyst's Opinion Consensus RatingCenovus Energy has received a consensus rating of Buy. The company's average rating score is 2.53, and is based on 8 buy ratings, 7 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.60, Cenovus Energy has a forecasted upside of 144.3% from its current price of $3.93.Amount of Analyst CoverageCenovus Energy has only been the subject of 3 research reports in the past 90 days. Previous Next 2.2 Community Rank Outperform VotesCenovus Energy has received 576 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCenovus Energy has received 741 “underperform” votes. (Add your “underperform” vote.)Community SentimentCenovus Energy has received 56.26% “underperform” votes from our community.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. Previous Next 1.7 Dividend Strength Dividend YieldCenovus Energy pays a meaningful dividend of 2.27%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCenovus Energy does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Cenovus Energy is 32.14%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cenovus Energy insiders have not sold or bought any company stock.Percentage Held by Institutions73.95% of the stock of Cenovus Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Cenovus Energy are expected to grow in the coming year, from ($1.08) to ($0.28) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cenovus Energy is -3.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Cenovus Energy is -3.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioCenovus Energy has a P/B Ratio of 0.33. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.3Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.88 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:CVE Previous Symbol CUSIPN/A CIK1475260 Webwww.cenovus.com Phone403-766-2000Debt Debt-to-Equity Ratio0.56 Current Ratio1.23 Quick Ratio0.72Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$15.21 billion Price / Sales0.31 Cash Flow$1.52 per share Price / Cash Flow2.55 Book Value$11.77 per share Price / Book0.33Profitability EPS (Most Recent Fiscal Year)$0.28 Net Income$1.65 billion Net Margins-10.63% Return on Equity-8.03% Return on Assets-4.25%Miscellaneous Employees2,361 Outstanding Shares1,228,870,000Market Cap$4.77 billion Next Earnings Date10/29/2020 (Estimated) OptionableOptionable $3.88 -0.15 (-3.72 %) (As of 09/23/2020 02:39 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive CVE News and Ratings via Email Sign-up to receive the latest news and ratings for CVE and its competitors with MarketBeat's FREE daily newsletter. Cenovus Energy (NYSE:CVE) Frequently Asked Questions How has Cenovus Energy's stock been impacted by COVID-19 (Coronavirus)? 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 shares have increased by 28.9% and is now trading at $3.88. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Cenovus Energy? 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 7 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Cenovus Energy. When is Cenovus Energy's next earnings date? Cenovus Energy is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020. View our earnings forecast for Cenovus Energy. How were Cenovus Energy's earnings last quarter? Cenovus Energy Inc (NYSE:CVE) announced its earnings results on Thursday, July, 23rd. The oil and gas company reported ($0.34) earnings per share for the quarter, topping analysts' consensus estimates of ($0.44) by $0.10. The oil and gas company had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.97 billion. Cenovus Energy had a negative net margin of 10.63% and a negative return on equity of 8.03%. During the same quarter in the previous year, the business posted $0.22 earnings per share. View Cenovus Energy's earnings history. How often does Cenovus Energy pay dividends? What is the dividend yield for Cenovus Energy? Cenovus Energy declared a quarterly dividend on Wednesday, February 12th. Investors 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 4.85%. The ex-dividend date is Thursday, March 12th. View Cenovus Energy's dividend history. What price target have analysts set for CVE? 15 Wall Street analysts have issued 1-year price objectives for Cenovus Energy's stock. Their forecasts range from $5.50 to $16.00. On average, they expect Cenovus Energy's stock price to reach $9.60 in the next year. This suggests a possible upside of 147.4% from the stock's current price. View analysts' price targets for Cenovus Energy. Are investors shorting Cenovus Energy? Cenovus Energy saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 20,080,000 shares, an increase of 9.4% from the August 15th total of 18,350,000 shares. Based on an average trading volume of 5,400,000 shares, the short-interest ratio is presently 3.7 days. Approximately 1.6% of the company's stock are short sold. View Cenovus Energy's Short Interest. Who are some of Cenovus Energy's key competitors? Some companies that are related to Cenovus Energy include Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Encana (ECA), Occidental Petroleum (OXY), Concho Resources (CXO), GALP ENERGIA SG/ADR (GLPEY), Cabot Oil & Gas (COG), TORAY INDUSTRIE/ADR (TRYIY), Diamondback Energy (FANG), Continental Resources (CLR), Sasol (SSL), Apache (APA), Apache (APA), Noble Energy (NBL) and Noble Energy (NBL). View all competitors. 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), Intel (INTC), Micron Technology (MU), Suncor Energy (SU), QUALCOMM (QCOM), Exxon Mobil (XOM), Cisco Systems (CSCO), AT&T (T) and Delta Air Lines (DAL). Who are Cenovus Energy's key executives? Cenovus Energy's management team includes the following people: Mr. Alexander J. Pourbaix, CEO, Pres & Director (Age 53)Mr. Harbir Singh Chhina, Exec. VP & CTOMr. Jonathan M. McKenzie, Exec. VP & CFO (Age 51)Ms. Sherry A. Wendt, Director of Investor RelationsMr. Alan Craig Reid, Exec. VP of Stakeholder Engagement, Safety & Legal and Gen. Counsel 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 a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (7.52%), FIL Ltd (3.74%), Letko Brosseau & Associates Inc. (2.74%), Vanguard Group Inc. (2.64%), TD Asset Management Inc. (2.53%) and Pzena Investment Management LLC (1.60%). Which institutional investors are selling Cenovus Energy stock? CVE stock was sold by a variety of institutional investors in the last quarter, including TD Asset Management Inc., Toronto Dominion Bank, Russell Investments Group Ltd., Letko Brosseau & Associates Inc., Pzena Investment Management LLC, CIBC Asset Management Inc, Bank of Nova Scotia, and State of Wisconsin Investment Board. Which institutional investors are buying Cenovus Energy stock? CVE stock was bought by a variety of institutional investors in the last quarter, including Encompass Capital Advisors LLC, Point72 Asset Management L.P., QV Investors Inc., King Street Capital Management L.P., Toronto Dominion Bank, Schonfeld Strategic Advisors LLC, Marshall Wace LLP, and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. 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, Robinhood, Fidelity, and Charles Schwab. What is Cenovus Energy's stock price today? One share of CVE stock can currently be purchased for approximately $3.88. How big of a company is Cenovus Energy? Cenovus Energy has a market capitalization of $4.77 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. What is Cenovus Energy's official website? The official website for Cenovus Energy is www.cenovus.com. How can I contact Cenovus Energy? 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] This page was last updated on 9/23/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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