NYSE:CVE

Cenovus Energy Stock Forecast, Price & News

$8.67
-0.20 (-2.25 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
$8.62
$8.90
50-Day Range
$7.40
$9.09
52-Week Range
$3.15
$10.55
Volume6.75 million shs
Average Volume9.51 million shs
Market Capitalization$17.49 billion
P/E RatioN/A
Dividend Yield0.68%
Beta3.2
30 days | 90 days | 365 days | Advanced Chart
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Cenovus Energy logo

About Cenovus Energy

Cenovus Energy, Inc. engages in provision of gas and oil. Its activities include development, production, and marketing of crude oil, natural gas liquids (NGLS), and natural gas in Canada. The firm operates through four segments: Oil Sands, Conventional, Refining & Marketing, and Corporate & Eliminations. The Oil sands segment includes the development and production of bitumen in northeast Alberta including Foster Creek, Christina Lake and Narrows Lake as well as projects in the early stages of development. The Conventional segment includes includes land primarily in the Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas. The Refining and Marketing segment provides transportation and selling of crude oil, natural gas and NGLS. The Corporate and Eliminations segment includes unrealized gains and losses recorded on derivative financial instruments, divestiture of assets, as well as other administrative, financing activities and research costs. The company was founded in 1881 and is headquartered in Calgary, Canada.

Headlines

Cenovus Energy Inc. (NYSE:CVE) Short Interest Down 32.4% in August
Cenovus Energy Inc. (NYSE:CVE) Short Interest Down 32.4% in August
September 19, 2021 |  americanbankingnews.com
$0.32 EPS Expected for Cenovus Energy Inc. (NYSE:CVE) This Quarter
$0.32 EPS Expected for Cenovus Energy Inc. (NYSE:CVE) This Quarter
September 18, 2021 |  americanbankingnews.com
Energy Stocks Lift TSX To Strong Close
Energy Stocks Lift TSX To Strong Close
September 15, 2021 |  markets.businessinsider.com
Cenovus Energy (NYSE:CVE) Stock Price Up 4.9%
Cenovus Energy (NYSE:CVE) Stock Price Up 4.9%
September 15, 2021 |  americanbankingnews.com
Suncor (SU) Restructures Deal for 2 Offshore Canada Projects
Suncor (SU) Restructures Deal for 2 Offshore Canada Projects
September 13, 2021 |  finance.yahoo.com
2 TSX Energy Stocks to Buy as Oil Rallies
2 TSX Energy Stocks to Buy as Oil Rallies
August 29, 2021 |  ca.finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

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MarketRank

Overall MarketRank

2.54 out of 5 stars

Oils/Energy Sector

48th out of 345 stocks

Crude Petroleum & Natural Gas Industry

21st out of 111 stocks

Analyst Opinion: 4.4Community Rank: 4.1Dividend Strength: 0.8Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
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Cenovus Energy (NYSE:CVE) Frequently Asked Questions

Is Cenovus Energy a buy right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There are currently 3 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Cenovus Energy stock.
View analyst ratings for Cenovus Energy
or view top-rated stocks.

What stocks does MarketBeat like better than Cenovus Energy?

Wall Street analysts have given Cenovus Energy a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cenovus Energy wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Cenovus Energy?

Cenovus Energy saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 14,280,000 shares, a drop of 32.4% from the August 15th total of 21,110,000 shares. Based on an average daily volume of 8,860,000 shares, the short-interest ratio is presently 1.6 days. Approximately 1.0% of the shares of the stock are short sold.
View Cenovus Energy's Short Interest
.

When is Cenovus Energy's next earnings date?

Cenovus Energy is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Cenovus Energy
.

How were Cenovus Energy's earnings last quarter?

Cenovus Energy Inc. (NYSE:CVE) released its earnings results on Wednesday, July, 28th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.18. The oil and gas company had revenue of $8.61 billion for the quarter. Cenovus Energy had a negative trailing twelve-month return on equity of 2.61% and a net margin of 0.43%.
View Cenovus Energy's earnings history
.

How has Cenovus Energy's stock been impacted by Coronavirus?

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 stock has increased by 188.0% and is now trading at $8.67.
View which stocks have been most impacted by COVID-19
.

How often does Cenovus Energy pay dividends? What is the dividend yield for Cenovus Energy?

Cenovus Energy announced a quarterly dividend on Friday, July 30th. Shareholders of record on Wednesday, September 15th will be given a dividend of $0.0139 per share on Thursday, September 30th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Tuesday, September 14th.
View Cenovus Energy's dividend history
.

Is Cenovus Energy a good dividend stock?

Cenovus Energy pays an annual dividend of $0.06 per share and currently has a dividend yield of 0.68%.
View Cenovus Energy's dividend history.

What price target have analysts set for CVE?

17 brokers have issued 1 year price targets for Cenovus Energy's shares. Their forecasts range from $6.00 to $20.00. On average, they expect Cenovus Energy's share price to reach $13.50 in the next twelve months. This suggests a possible upside of 55.7% from the stock's current price.
View analysts' price targets for Cenovus Energy
or view top-rated stocks among Wall Street analysts.

Who are Cenovus Energy's key executives?

Cenovus Energy's management team includes the following people:
  • Alex Pourbaix, President, CEO & Non-Independent Director
  • Jonathan M. McKenzie, Chief Operating Officer & Executive Vice President
  • Jeffrey R. Hart, Chief Financial Officer & Executive Vice President
  • Drew Zieglgansberger, Executive Vice President-Upstream
  • Sarah Walters, Executive Vice President-Corporate Services

What is Alex Pourbaix's approval rating as Cenovus Energy's CEO?

72 employees have rated Cenovus Energy CEO Alex Pourbaix on Glassdoor.com. Alex Pourbaix has an approval rating of 80% among Cenovus Energy's employees.

Who are some of Cenovus Energy's key 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), Intel (INTC), Micron Technology (MU), QUALCOMM (QCOM), AT&T (T), Enbridge (ENB), Cisco Systems (CSCO) and Enterprise Products Partners (EPD).

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 number of retail and institutional investors. Top institutional investors include ConocoPhillips (9.32%), Vanguard Group Inc. (1.85%), Connor Clark & Lunn Investment Management Ltd. (0.67%), Pzena Investment Management LLC (0.65%), Bank of Nova Scotia (0.62%) and Mackenzie Financial Corp (0.51%).

Which institutional investors are selling Cenovus Energy stock?

CVE stock was sold by a variety of institutional investors in the last quarter, including ConocoPhillips, Connor Clark & Lunn Investment Management Ltd., Pzena Investment Management LLC, Royal Bank of Canada, Public Sector Pension Investment Board, Invesco Ltd., Allianz Asset Management GmbH, and Northern Trust Corp.

Which institutional investors are buying Cenovus Energy stock?

CVE stock was acquired by a variety of institutional investors in the last quarter, including Marshall Wace North America L.P., Millennium Management LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Amundi, Point72 Asset Management L.P., Schonfeld Strategic Advisors LLC, Boston Partners, and Merewether Investment Management LP.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cenovus Energy's stock price today?

One share of CVE stock can currently be purchased for approximately $8.67.

How much money does Cenovus Energy make?

Cenovus Energy has a market capitalization of $17.49 billion and generates $10.15 billion in revenue each year. The oil and gas company earns $-1,775,920,000.00 in net income (profit) each year or ($1.59) on an earnings per share basis.

How many employees does Cenovus Energy have?

Cenovus Energy employs 2,413 workers across the globe.

When was Cenovus Energy founded?

Cenovus Energy was founded in 2009.

What is Cenovus Energy's official website?

The official website for Cenovus Energy is www.cenovus.com.

Where are Cenovus Energy's headquarters?

Cenovus Energy is headquartered at 4100 225 6 AVENUE SW, CALGARY A0, T2P 1N2.

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 9/19/2021 by MarketBeat.com Staff
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