NYSE:CVE - Cenovus Energy Stock Price, Forecast & News

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

Cenovus Energy announced a quarterly dividend on Wednesday, July 24th. Stockholders of record on Friday, September 13th will be given a dividend of $0.038 per share on Monday, September 30th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from Cenovus Energy's previous quarterly dividend of $0.04. View Cenovus Energy's Dividend History.

Cenovus Energy Inc (NYSE:CVE) posted its quarterly earnings results on Thursday, October, 31st. The oil and gas company reported $0.23 EPS for the quarter, topping the Zacks' consensus estimate of $0.15 by $0.08. The oil and gas company had revenue of $4.70 billion for the quarter, compared to analysts' expectations of $5.33 billion. Cenovus Energy had a net margin of 3.41% and a negative return on equity of 5.76%. The business's quarterly revenue was down 20.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.20) EPS. View Cenovus Energy's Earnings History.

Cenovus Energy is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for Cenovus Energy.

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

9 brokers have issued 1-year price targets for Cenovus Energy's stock. Their forecasts range from $12.00 to $17.50. On average, they anticipate Cenovus Energy's share price to reach $14.50 in the next twelve months. This suggests a possible upside of 65.7% from the stock's current price. View Analyst Price Targets for Cenovus Energy.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cenovus Energy.

Media stories about CVE stock have trended extremely negative recently, according to InfoTrie. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cenovus Energy earned a coverage optimism score of -4.5 on InfoTrie's scale. They also gave media stories about the oil and gas company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for Cenovus Energy.

Some companies that are related to Cenovus Energy include Ecopetrol (EC), Occidental Petroleum (OXY), Canadian Natural Resources (CNQ), The Hong Kong and China Gas (HOKCY), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Rwe Ag Sp (RWEOY), Concho Resources (CXO), Diamondback Energy (FANG), GALP ENERGIA SG/ADR (GLPEY), Apache (APA), Continental Resources (CLR), Sasol (SSL), TORAY INDUSTRIE/ADR (TRYIY) and Noble Energy (NBL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cenovus Energy investors own include Encana (ECA), Bank of America (BAC), General Electric (GE), Suncor Energy (SU), AT&T (T), Intel (INTC), Barrick Gold (GOLD), Enbridge (ENB), Ford Motor (F) and Cisco Systems (CSCO).

Cenovus Energy's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Galibier Capital Management Ltd. (0.24%), Nexus Investment Management Inc. (0.13%), Caymus Capital Partners L.P. (0.12%), Zurcher Kantonalbank Zurich Cantonalbank (0.09%), Ninepoint Partners LP (0.07%) and DORCHESTER WEALTH MANAGEMENT Co (0.05%).

CVE stock was sold by a variety of institutional investors in the last quarter, including Zurcher Kantonalbank Zurich Cantonalbank, Commerzbank Aktiengesellschaft FI, Foundation Resource Management Inc. and CLARET ASSET MANAGEMENT Corp.

CVE stock was acquired by a variety of institutional investors in the last quarter, including Caymus Capital Partners L.P., Galibier Capital Management Ltd., Ninepoint Partners LP, Nexus Investment Management Inc., DORCHESTER WEALTH MANAGEMENT Co, Campbell & CO Investment Adviser LLC and Hexavest Inc..

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 $8.75.

Cenovus Energy has a market capitalization of $10.75 billion and generates $16.08 billion in revenue each year. The oil and gas company earns $-2,059,130,000.00 in net income (profit) each year or ($1.74) on an earnings per share basis. Cenovus Energy employs 2,264 workers across the globe.View Additional Information About Cenovus Energy.

The official website for Cenovus Energy is http://www.cenovus.com/.

Cenovus Energy's mailing address is 2600 500 CENTRE STREET S.E., CALGARY A0, T2G 1A6. The oil and gas company can be reached via phone at 403-766-2000 or via email at [email protected]