Cenovus Energy - CVE Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CVE shares.
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11 brokers have issued 1-year target prices for Cenovus Energy's stock. Their CVE share price forecasts range from $18.00 to $38.00. On average, they predict the company's stock price to reach $26.13 in the next twelve months. This suggests a possible upside of 69.1% from the stock's current price.
View analysts price targets for CVE or view top-rated stocks among Wall Street analysts.

Cenovus Energy's stock was trading at $12.28 on January 1st, 2022. Since then, CVE shares have increased by 25.8% and is now trading at $15.45.
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Cenovus Energy saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 17,390,000 shares, an increase of 8.1% from the August 15th total of 16,080,000 shares. Based on an average trading volume of 9,510,000 shares, the short-interest ratio is presently 1.8 days. Currently, 1.3% of the shares of the company are short sold.
View Cenovus Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our CVE earnings forecast.

Cenovus Energy Inc. (NYSE:CVE) issued its quarterly earnings data on Tuesday, November, 2nd. The oil and gas company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.09. The oil and gas company had revenue of $10.67 billion for the quarter, compared to the consensus estimate of $11.74 billion. Cenovus Energy had a net margin of 6.51% and a trailing twelve-month return on equity of 23.47%. During the same period in the prior year, the firm earned ($0.28) EPS.

Cenovus Energy announced a quarterly dividend on Friday, July 29th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.0814 per share on Thursday, September 29th. This represents a $0.33 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for CVE.

Cenovus Energy (NYSE:CVE) pays an annual dividend of $0.32 per share and currently has a dividend yield of 2.07%. The dividend payout ratio is 20.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVE will have a dividend payout ratio of 9.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CVE.

72 employees have rated Cenovus Energy Chief Executive Officer Alex Pourbaix on Glassdoor.com. Alex Pourbaix has an approval rating of 80% among the company's employees.

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 variety of institutional and retail investors. Top institutional investors include TD Asset Management Inc. (1.81%), GQG Partners LLC (1.65%), Egerton Capital UK LLP (0.94%), Connor Clark & Lunn Investment Management Ltd. (0.93%), Mackenzie Financial Corp (0.86%) and Bank of Nova Scotia (0.63%).

Shares of CVE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CVE stock can currently be purchased for approximately $15.45.

Cenovus Energy (NYSE:CVE) has a market capitalization of $29.83 billion and generates $36.99 billion in revenue each year. The oil and gas company earns $468.37 million in net income (profit) each year or $1.60 on an earnings per share basis.

The company employs 2,413 workers across the globe.

Cenovus Energy's mailing address is 4100 225 6 AVENUE SW, CALGARY A0, T2P 1N2. The official website for the company is www.cenovus.com. The oil and gas company can be reached via phone at (403) 766-2000, via email at investor.relations@cenovus.com, or via fax at 403-766-7600.