NYSE:CVECenovus Energy Stock Price, Forecast & News

Cenovus Energy's stock was trading at $3.01 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CVE shares have increased by 47.5% and is now trading at $4.44. View which stocks have been most impacted by Coronavirus.

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

Cenovus Energy is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Cenovus Energy.

Cenovus Energy will be holding an earnings conference call on Thursday, July 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Cenovus Energy Inc (NYSE:CVE) announced its quarterly earnings data on Wednesday, April, 29th. The oil and gas company reported ($0.72) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.19) by $0.53. The oil and gas company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.23 billion. Cenovus Energy had a net margin of 1.48% and a negative return on equity of 4.25%. View Cenovus Energy's earnings history.

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 4.23%. The ex-dividend date is Thursday, March 12th. View Cenovus Energy's dividend history.

13 equities research analysts have issued 12 month price objectives for Cenovus Energy's shares. Their forecasts range from $5.50 to $16.00. On average, they expect Cenovus Energy's share price to reach $10.00 in the next twelve months. This suggests a possible upside of 125.2% from the stock's current price. View analysts' price targets for Cenovus Energy.

Press coverage about CVE stock has been trending negative on Thursday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cenovus Energy earned a news sentiment score of -2.1 on InfoTrie's scale. They also assigned media stories about the oil and gas company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about Cenovus Energy.

Cenovus Energy saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 19,260,000 shares, an increase of 7.8% from the June 15th total of 17,870,000 shares. Based on an average trading volume of 9,750,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.6% of the company's shares are sold short. View Cenovus Energy's Current Options Chain.

Some companies that are related to Cenovus Energy include Rwe Ag Sp (RWEOY), Canadian Natural Resources (CNQ), Pioneer Natural Resources (PXD), Occidental Petroleum (OXY), WOODSIDE PET LT/ADR (WOPEY), Encana (ECA), Concho Resources (CXO), GALP ENERGIA SG/ADR (GLPEY), TORAY INDUSTRIE/ADR (TRYIY), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Continental Resources (CLR), Apache (APA), Sasol (SSL) and Noble Energy (NBL). View all competitors.

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).

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

Cenovus Energy's stock is owned by many different retail and institutional investors. Top institutional investors include Nexus Investment Management ULC (0.14%) and Foundation Resource Management Inc. (0.03%).

CVE stock was sold by a variety of institutional investors in the last quarter, including Foundation Resource Management Inc..

CVE stock was acquired by a variety of institutional investors in the last quarter, including Nexus Investment Management ULC.

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 $4.44.

Cenovus Energy has a market capitalization of $5.46 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.

The official website for Cenovus Energy is 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]