NYSE:CVE

Cenovus Energy - CVE Stock Forecast, Price & News

$18.54

-0.08 (-0.43%)

(As of 10/7/2022 03:45 PM ET)

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Today's Range: $18.40
▼
$19.30
50-Day Range: $14.60
▼
$19.87
52-Week Range: $10.41
▼
$24.91

Volume: 982,554 shs
Average Volume: 7.83 million shs
Market Capitalization: $35.66 billion

P/E Ratio: 11.59
Dividend Yield: 1.78%
Price Target: $25.96

Cenovus Energy MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 42.8% Upside
$26.68 Price Target
Short Interest: Healthy
1.96% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -8.62
Upright™ Environmental Score
News Sentiment: 0.55
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -2.80%
From $3.22 to $3.13 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.13 out of 5 stars

Oils/Energy Sector

125th out of 249 stocks

Crude Petroleum & Natural Gas Industry

49th out of 79 stocks

3.5

Analyst's Opinion

Consensus Rating
Cenovus Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 9 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.68, Cenovus Energy has a forecasted upside of 42.8% from its current price of $18.69.
Amount of Analyst Coverage
Cenovus Energy has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.96% 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 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Cenovus Energy has recently increased by 55.72%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Cenovus Energy pays a meaningful dividend of 1.78%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Cenovus Energy does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Cenovus Energy is 20.00%. 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 10.22% next year. This indicates that Cenovus Energy will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Cenovus Energy has received a -131.24% net impact score from Upright. The largest negative impact of Cenovus Energy in category "GHG emissions" seems to be driven mostly by its "Gasoline", "Oil sand", "Refined oil shale", "Diesel rail freight transport services for the energy industry", "Conventional crude oil", and "Conventional natural gas" products. See details.
Environmental Sustainability
The Environmental Impact score for Cenovus Energy is -8.62.

2.0

News and Social Media Coverage

News Sentiment
Cenovus Energy has a news sentiment score of 0.55. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Cenovus Energy this week, compared to 3 articles on an average week.
Search Interest
Only 45 people have searched for CVE on MarketBeat in the last 30 days. This is a decrease of -41% compared to the previous 30 days.
MarketBeat Follows
Only 19 people have added Cenovus Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% compared to the previous 30 days.

0.8

Company Ownership

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
50.30% of the stock of Cenovus Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Cenovus Energy are expected to decrease by -2.80% in the coming year, from $3.22 to $3.13 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cenovus Energy is 11.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.11.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cenovus Energy is 11.68, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 44.72.
Price to Book Value per Share Ratio
Cenovus Energy has a P/B Ratio of 2.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Cenovus Energy (NYSE:CVE) Stock

Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region. The company operates through Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segments Foster Creek, Christina Lake, Sunrise, and Tucker oil sands projects, as well as Lloydminster thermal and conventional heavy oil assets The Conventional segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake operating in Alberta and British Columbia, as well as interests in various natural gas processing facilities. The offshore segment engages in the exploration and development activities. The Canadian Manufacturing segment includes the owned and operated Lloydminster upgrading and asphalt refining complex, which upgrades heavy oil and bitumen into synthetic crude oil, diesel fuel, asphalt, and other ancillary products, as well as owns and operates the Bruderheim crude-by-rail terminal and two ethanol plants. The U.S. Manufacturing segment comprises the refining of crude oil to produce diesel, gasoline, jet fuel, asphalt, and other products. The Retail segment consists of marketing of its own and third-party refined petroleum products through retail, commercial, and bulk petroleum outlets, as well as wholesale channels. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.

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CVE Stock News Headlines

October 6, 2022 | americanbankingnews.com

Cenovus Energy (NYSE:CVE) Sees Strong Trading Volume

October 5, 2022 | finance.yahoo.com

10 Best Stocks to Buy According to Ed Bosek’s BeaconLight Capital

October 4, 2022 | nasdaq.com

CVE Crosses Above Key Moving Average Level

October 4, 2022 | americanbankingnews.com

Cenovus Energy Inc. (NYSE:CVE) Receives $26.13 Average PT from Brokerages

October 3, 2022 | americanbankingnews.com

Cenovus Energy (NYSE:CVE) PT Lowered to C$36.00 at National Bank Financial

September 30, 2022 | seekingalpha.com

Cenovus Energy: Still Growing

September 30, 2022 | seekingalpha.com

Cenovus Energy: Buy The Dip

September 29, 2022 | seekingalpha.com

Cenovus Energy: Don't Buy The Dip Until You See Analysts Panicking

September 29, 2022 | americanbankingnews.com

Cenovus Energy (NYSE:CVE) Sees Unusually-High Trading Volume

September 27, 2022 | seekingalpha.com

CVE Cenovus Energy Inc.

September 27, 2022 | msn.com

Cenovus Stock May Lift Your TFSA in a Recession Year

September 24, 2022 | reuters.com

CVE.Z - | Stock Price & Latest News | Reuters

September 23, 2022 | msn.com

2CVE : Cenovus Energy Whale Trades Spotted

September 22, 2022 | finance.yahoo.com

Market Could be “Flat” for 10 Years: Druckenmiller’s Prediction and His 10 Defensive Stock Picks

September 16, 2022 | finance.yahoo.com

RPC (RES) Stock Surges 90.2% in the Past Year: Here's Why

September 15, 2022 | finance.yahoo.com

Here's Why Cenovus (CVE) is an Attractive Investment Bet

September 14, 2022 | markets.businessinsider.com

TSX Ends Moderately Higher

September 12, 2022 | msn.com

Here's How Much $1000 Invested In Cenovus Energy 5 Years Ago Would Be Worth Today

September 12, 2022 | finance.yahoo.com

Cenovus Announces Pricing of Tender Offers for Certain Outstanding Series of Notes

September 12, 2022 | finance.yahoo.com

Cenovus Announces Early Tender Results and Increase of Tender Offers for Certain Outstanding Series of Notes

September 8, 2022 | msn.com

TSX stocks: Economic pain in U.K., Europe 'likely to be slightly positive'

September 8, 2022 | finance.yahoo.com

Cenovus Energy: Here's What Would Get the Rally Restarted

September 5, 2022 | finance.yahoo.com

Billionaire Stanley Druckenmiller is Decreasing Stakes in These 10 Stocks

September 1, 2022 | finance.yahoo.com

Cenovus Energy Inc (CVE) Is a Trending Stock: Facts to Know Before Betting on It

September 1, 2022 | finance.yahoo.com

Enbridge (ENB) Wins Canada's Support for Line 5 Pipeline

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CVE Company Calendar

Last Earnings: 7/28/2022
Ex-Dividend for 9/29 Dividend: 9/14/2022
Dividend Payable: 9/29/2022
Today: 10/07/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:CVE
CUSIP: N/A
CIK: 1475260
Web: www.cenovus.com
Phone: (403) 766-2000
Fax: 403-766-7600
Employees: 2,413
Year Founded: 2009

Price Target and Rating

Average Stock Price Forecast: $26.68
High Stock Price Forecast: $37.00
Low Stock Price Forecast: $19.00
Forecasted Upside/Downside: +40.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.60
Trailing P/E Ratio: 11.59
Forward P/E Ratio: 5.76
P/E Growth: N/A
Net Income: $468.37 million
Net Margins: 6.51%
Pretax Margin: 9.49%
Return on Equity: 23.47%
Return on Assets: 10.33%

Debt

Debt-to-Equity Ratio: 0.44
Current Ratio: 1.73
Quick Ratio: 1.14

Sales & Book Value

Annual Sales: $36.99 billion
Price / Sales: 0.96
Cash Flow: $3.28 per share
Price / Cash Flow: 5.66
Book Value: $9.21 per share
Price / Book: 2.01

Miscellaneous

Outstanding Shares: 1,923,350,000
Free Float: N/A
Market Cap: $35.66 billion
Optionable: Optionable
Beta: 2.27

Social Links

Key Executives

Mr. Alexander J. Pourbaix (Age 56)
CEO, Pres & Director
Comp: $3.07M

Mr. Jeffrey Ryan Hart
Exec. VP & CFO

Mr. Jonathan M. McKenzie (Age 54)
Exec. VP & COO
Comp: $1.3M

Mr. Joseph Drew Zieglgansberger
Exec. VP of Natural Gas & Technical Services

Mr. Keith A. Chiasson
Exec. VP of Downstream

Ms. Sherry A. Wendt
Director of Investor Relations

Mr. Gary Frederick Molnar
Sr. VP of Legal, Gen. Counsel & Corp. Sec.

Mr. Kam S. Sandhar CA
Exec. VP of Strategy & Corp. Devel.

Ms. Susan Anderson
Sr. Vice-Pres of People Services

Mr. Alan Craig Reid
Advisor

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CVE Stock - Frequently Asked Questions

Should I buy or sell Cenovus Energy stock right now?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CVE shares.
View CVE analyst ratings or view top-rated stocks.
What is Cenovus Energy's stock price forecast for 2022?: 9 analysts have issued 12 month price objectives for Cenovus Energy's shares. Their CVE share price forecasts range from $19.00 to $37.00. On average, they expect the company's share price to reach $26.68 in the next year. This suggests a possible upside of 43.3% from the stock's current price.
View analysts price targets for CVE or view top-rated stocks among Wall Street analysts.
How have CVE shares performed in 2022?: Cenovus Energy's stock was trading at $12.28 on January 1st, 2022. Since then, CVE shares have increased by 51.6% and is now trading at $18.62.
View the best growth stocks for 2022 here.
Are investors shorting Cenovus Energy?: Cenovus Energy saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 27,080,000 shares, an increase of 55.7% from the August 31st total of 17,390,000 shares. Based on an average daily volume of 8,850,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 2.0% of the company's shares are short sold.
View Cenovus Energy's Short Interest.
When is Cenovus Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our CVE earnings forecast.
How were Cenovus Energy's earnings last quarter?: Cenovus Energy Inc. (NYSE:CVE) released its quarterly earnings data on Thursday, July, 28th. The oil and gas company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. The oil and gas company earned $15.02 billion during the quarter, compared to analysts' expectations of $13.16 billion. Cenovus Energy had a net margin of 6.51% and a trailing twelve-month return on equity of 23.47%.
How often does Cenovus Energy pay dividends? What is the dividend yield for Cenovus Energy?: Cenovus Energy announced a quarterly dividend on Friday, July 29th. Investors of record on Thursday, September 15th will be given a dividend of $0.0814 per share on Thursday, September 29th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for CVE.
Is Cenovus Energy a good dividend stock?: Cenovus Energy (NYSE:CVE) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.78%. The dividend payout ratio is 20.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVE will have a dividend payout ratio of 10.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CVE.

What is Alex Pourbaix's approval rating as Cenovus Energy's CEO?: 72 employees have rated Cenovus Energy Chief Executive Officer Alex Pourbaix on Glassdoor.com. Alex Pourbaix has an approval rating of 80% among the company's employees.
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 variety of retail and institutional investors. Top institutional shareholders include First Hawaiian Bank (0.00%) and Fulton Bank N.A. (0.00%).
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 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 $18.62.
How much money does Cenovus Energy make?: Cenovus Energy (NYSE:CVE) has a market capitalization of $35.81 billion and generates $36.99 billion in revenue each year. The oil and gas company earns $468.37 million in net income (profit) each year or $1.60 on an earnings per share basis.
How many employees does Cenovus Energy have?: The company employs 2,413 workers across the globe.
How can I contact Cenovus Energy?: Cenovus Energy's mailing address is 4100 225 6 AVENUE SW, CALGARY A0, T2P 1N2. The official website for the company is www.cenovus.com. The oil and gas company can be reached via phone at (403) 766-2000, via email at investor.relations@cenovus.com, or via fax at 403-766-7600.

This page (NYSE:CVE) was last updated on 10/7/2022 by MarketBeat.com Staff

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Cenovus Energy - CVE Stock Forecast, Price & News

Cenovus Energy MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows