NYSE:CVECenovus Energy Stock Price, Forecast & 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 $4.34 -0.02 (-0.46 %) (As of 05/27/2020 11:51 AM ET) Add Compare Share Today's Range$4.24Now: $4.34▼$4.4450-Day Range$2.43MA: $3.32▼$4.4452-Week Range$1.41Now: $4.34▼$10.82Volume290,786 shsAverage Volume8.16 million shsMarket Capitalization$5.33 billionP/E Ratio24.11Dividend Yield4.40%Beta2.61 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial 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™ 4.3 Analyst's Opinion Consensus RatingCenovus Energy has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $10.03, Cenovus Energy has a potential upside of 131.1% from its current price of $4.34.Amount of Analyst CoverageCenovus Energy has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.2 Community Rank Outperform VotesCenovus Energy has received 574 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCenovus Energy has received 739 “underperform” votes. (Add your “underperform” vote.)Community SentimentCenovus Energy has received 56.28% “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 2.5 Dividend Strength Dividend LeadershipCenovus Energy is a leading dividend payer. It pays a dividend yield of 4.40%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCenovus Energy has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Cenovus Energy is 67.86 %. 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 Institutions75.75% 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 ($1.65) to ($0.68) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cenovus Energy is 24.11, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.55.Price to Earnings Ratio vs. SectorThe P/E ratio of Cenovus Energy is 24.11, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.94.Price to Book Value per Share RatioCenovus Energy has a P/B Ratio of 0.40. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.3Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.24 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 Ratio0.49 Current Ratio0.71 Quick Ratio0.43Price-To-Earnings Trailing P/E Ratio24.11 Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$15.21 billion Price / Sales0.35 Cash Flow$1.70 per share Price / Cash Flow2.56 Book Value$10.76 per share Price / Book0.40Profitability EPS (Most Recent Fiscal Year)$0.28 Net Income$1.65 billion Net Margins1.48% Return on Equity-4.25% Return on Assets-2.28%Miscellaneous Employees2,361 Outstanding Shares1,228,780,000Market Cap$5.33 billion Next Earnings Date7/23/2020 (Estimated) OptionableOptionable CVE Rates by TradingView 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 reached pandemic status according to the World Health Organization (WHO). Since then, CVE stock has increased by 44.2% and is now trading at $4.34. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Cenovus Energy? 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 6 hold ratings and 6 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, July 23rd 2020. View our earnings forecast for Cenovus Energy. How were Cenovus Energy's earnings last quarter? Cenovus Energy Inc (NYSE:CVE) issued its quarterly earnings results on Thursday, October, 31st. The oil and gas company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.08. The oil and gas company earned $4.70 billion during the quarter, compared to analysts' expectations of $5.33 billion. Cenovus Energy had a net margin of 1.48% and a negative return on equity of 4.25%. The business's revenue was down 20.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.20) 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. Shareholders of record on Friday, March 13th will be paid 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 4.33%. The ex-dividend date is Thursday, March 12th. View Cenovus Energy's dividend history. What price target have analysts set for CVE? 12 equities research analysts have issued 12-month target prices for Cenovus Energy's shares. Their forecasts range from $2.70 to $16.00. On average, they anticipate Cenovus Energy's stock price to reach $10.03 in the next year. This suggests a possible upside of 131.1% from the stock's current price. View analysts' price targets for Cenovus Energy. Has Cenovus Energy been receiving favorable news coverage? Media coverage about CVE stock has trended very negative on Wednesday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Cenovus Energy earned a coverage optimism score of -3.1 on InfoTrie's scale. They also assigned news coverage about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutCenovus 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 totaling 29,730,000 shares, a decrease of 25.6% from the April 30th total of 39,980,000 shares. Based on an average daily trading volume, of 10,440,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.4% of the company's stock are sold short. View Cenovus Energy's Current Options Chain. Who are some of Cenovus Energy's key competitors? Some companies that are related to Cenovus Energy include Rwe Ag Sp (RWEOY), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Occidental Petroleum (OXY), Concho Resources (CXO), Encana (ECA), GALP ENERGIA SG/ADR (GLPEY), Cabot Oil & Gas (COG), TORAY INDUSTRIE/ADR (TRYIY), Diamondback Energy (FANG), Continental Resources (CLR), Noble Energy (NBL), Devon Energy (DVN), Marathon Oil (MRO) and Apache (APA). 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), Suncor Energy (SU), Micron Technology (MU), Intel (INTC), Exxon Mobil (XOM), Encana (ECA), QUALCOMM (QCOM), Cisco Systems (CSCO) and Enbridge (ENB). 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 investors include Capital Research Global Investors (5.23%), Pzena Investment Management LLC (1.79%), Invesco Ltd. (1.08%), Capital World Investors (0.86%), Morgan Stanley (0.76%) and Morgan Stanley (0.76%). Which major investors are selling Cenovus Energy stock? CVE stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, First Eagle Investment Management LLC, CIBC Asset Management Inc, Canada Pension Plan Investment Board, Connor Clark & Lunn Investment Management Ltd., Toronto Dominion Bank, Alliancebernstein L.P., and Luminus Management LLC. Which major investors are buying Cenovus Energy stock? CVE stock was bought by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Morgan Stanley, Morgan Stanley, Russell Investments Group Ltd., Invesco Ltd., Intact Investment Management Inc., Caymus Capital Partners L.P., and Aperio Group LLC. 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 $4.34. How big of a company is Cenovus Energy? Cenovus Energy has a market capitalization of $5.33 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 5/27/2020 by MarketBeat.com Staff
