Cenovus Energy (CVE) Stock Price, News & Analysis

Company Overview

Cenovus Energy Inc. (NYSE: CVE) is a Calgary-based integrated oil and natural gas company engaged in exploration, development, production, refining and marketing activities. Established in 2009 through the acquisition of ConocoPhillips’ Canadian assets, Cenovus has grown to become one of Canada’s largest energy producers. The company’s upstream operations focus primarily on developing oil sands and conventional heavy oil resources in Alberta, as well as offshore light oil and natural gas projects in Atlantic Canada.

In Alberta, Cenovus operates multiple oil sands developments, employing steam-assisted gravity drainage (SAGD) and other thermal recovery methods to extract bitumen from deep reservoirs. The company’s portfolio also includes conventional heavy oil assets that leverage enhanced oil recovery techniques. Following the 2021 merger with Husky Energy, Cenovus expanded its resource base with additional producing properties in Saskatchewan and Newfoundland, solidifying its position as a diversified producer with a balanced mix of heavy and light crude streams.

Downstream, Cenovus owns and operates refining and marketing assets in Canada and the United States. Key facilities include integrated refineries in Edmonton, Alberta, and Superior, Wisconsin, which process heavy crude into gasoline, diesel, jet fuel and other refined products. Cenovus also markets refined products through branded wholesale networks across North America and participates in several joint ventures to optimize logistics, pipelines and storage infrastructure, ensuring supply reliability and market access.

Under the leadership of President and CEO Alex Pourbaix, Cenovus has placed a strong emphasis on operational efficiency, capital discipline and environmental performance. The company has set targets to reduce greenhouse gas emissions intensity and is investing in carbon capture, utilization and storage (CCUS) initiatives. Cenovus’s governance framework aligns with industry best practices, and its board of directors includes members with extensive experience in energy, finance and sustainability, guiding the company through a dynamic energy transition landscape.

Key Stats

• Today's Range: $14.33 to $14.72
• 50-Day Range: $11.65 to $14.85
• 52-Week Range: $10.23 to $20.76
• Volume: 8.39 million shs
• Average Volume: 9.92 million shs
• Market Capitalization: $26.54 billion
• P/E Ratio: 13.71
• Dividend Yield: 3.95%
• Price Target: $23.00
• Consensus Rating: Moderate Buy

Cenovus Energy Stock Analysis - MarketRank™

Cenovus Energy scored higher than 97% of companies evaluated by MarketBeat, and ranked 15th out of 267 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Cenovus Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Cenovus Energy has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 28.19%

Earnings Growth

Earnings for Cenovus Energy are expected to grow by 28.19% in the coming year, from $1.49 to $1.91 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cenovus Energy is 13.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.91.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cenovus Energy is 13.71, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 63.95.

Price to Book Value per Share Ratio

Cenovus Energy has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.78% of the float of Cenovus Energy has been sold short.

Short Interest Ratio / Days to Cover

Cenovus Energy has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cenovus Energy has recently decreased by 55.07%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Cenovus Energy is a leading dividend payer. It pays a dividend yield of 4.05%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Cenovus Energy has only been increasing its dividend for 4 years.

Dividend Coverage

The dividend payout ratio of Cenovus Energy is 54.21%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Cenovus Energy will have a dividend payout ratio of 30.37% next year. This indicates that Cenovus Energy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -8.62

Percentage of Shares Shorted

1.78% of the float of Cenovus Energy has been sold short.

Short Interest Ratio / Days to Cover

Cenovus Energy has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cenovus Energy has recently decreased by 55.07%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 1.80

News Sentiment

Cenovus Energy has a news sentiment score of 1.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Cenovus Energy this week, compared to 8 articles on an average week.

Search Interest

Only 8 people have searched for CVE on MarketBeat in the last 30 days. This is a decrease of -69% compared to the previous 30 days.

MarketBeat Follows

8 people have added Cenovus Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 167% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Cenovus Energy insiders have not sold or bought any company stock.

Percentage Held by Institutions

51.19% of the stock of Cenovus Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CVE Stock Analysis - Frequently Asked Questions

How have CVE shares performed this year?

Cenovus Energy's stock was trading at $15.15 at the beginning of the year. Since then, CVE stock has decreased by 3.2% and is now trading at $14.67.

How were Cenovus Energy's earnings last quarter?

Cenovus Energy Inc (NYSE:CVE) announced its earnings results on Thursday, May, 8th. The oil and gas company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The oil and gas company earned $11.15 billion during the quarter, compared to analysts' expectations of $12.39 billion. Cenovus Energy had a net margin of 5.22% and a trailing twelve-month return on equity of 9.56%.
Read the conference call transcript.

Who are Cenovus Energy's major shareholders?

Top institutional investors of Cenovus Energy include Miller Howard Investments Inc. NY (0.01%), Gateway Investment Advisers LLC (0.01%), Keystone Wealth Services LLC and Fulton Bank N.A..

How do I buy shares of Cenovus Energy?

Shares of CVE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Cenovus Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cenovus Energy investors own include Crescent Point Energy (CPG), NVIDIA (NVDA), Meta Platforms (META), Exxon Mobil (XOM), ConocoPhillips (COP), Marathon Petroleum (MPC) and Broadcom (AVGO).

Company Calendar

• Last Earnings: 5/08/2025
• Ex-Dividend for 6/30 Dividend: 6/13/2025
• Record date for 6/30 Dividend: 6/16/2025
• Dividend Payable: 6/30/2025
• Today: 7/11/2025
• Next Earnings (Estimated): 7/30/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: OIL - C$ INTEGRTD
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:CVE
• CIK: 1475260
• Web: www.cenovus.com
• Phone: (403) 766-2000
• Fax: 403-766-7600
• Employees: 7,150
• Year Founded: 2009

Price Target and Rating

• Average Price Target for Cenovus Energy: $25.75
• High Price Target: $34.00
• Low Price Target: $16.00
• Potential Upside/Downside: +75.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 9 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.07
• Trailing P/E Ratio: 13.71
• Forward P/E Ratio: 9.85
• P/E Growth: N/A
• Net Income: $2.29 billion
• Net Margins: 5.22%
• Pretax Margin: 6.68%
• Return on Equity: 9.56%
• Return on Assets: 5.04%

Debt

• Debt-to-Equity Ratio: 0.25
• Current Ratio: 1.46
• Quick Ratio: 0.84

Sales & Book Value

• Annual Sales: $39.62 billion
• Price / Sales: 0.67
• Cash Flow: $3.27 per share
• Price / Cash Flow: 4.48
• Book Value: $11.76 per share
• Price / Book: 1.25

Miscellaneous

• Outstanding Shares: 1,809,320,000
• Free Float: N/A
• Market Cap: $26.54 billion
• Optionable: Optionable
• Beta: 0.93