Cenovus Energy Inc is a Canada-based integrated oil company. It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids (NGLs) and natural gas in Canada. The Company also conducts marketing activities and owns refining interests in the United States (U.S.). Its segments include: Oil Sands, which includes the development and production of bitumen and natural gas in northeast Alberta; Conventional, which includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake, the carbon dioxide (CO2) enhanced oil recovery (EOR) project at Weyburn and emerging tight oil opportunities; Refining and Marketing, which includes transporting and selling crude oil and natural gas and joint ownership of refineries in the U.S., as well as Corporate and Eliminations.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Refining and Marketing
- Sub-Industry: N/A
- Symbol: NYSE:CVE
- CUSIP: N/A
- Web: www.cenovus.com
- Market Cap: $11.23114 billion
- Outstanding Shares: 1,228,790,000
- 50 Day Moving Avg: $8.07
- 200 Day Moving Avg: $9.17
- 52 Week Range: $6.76 - $16.82
Sales & Book Value:
- Trailing P/E Ratio: 3.93
- Foreward P/E Ratio: 28.36
- P/E Growth: 0.52
- Annual Revenue: $11.97 billion
- Price / Sales: 0.96
- Book Value: $12.81 per share
- Price / Book: 0.73
- Annual Dividend: $0.16
- Dividend Yield: 1.8%
- EBIDTA: $1.78 billion
- Net Margins: 17.89%
- Return on Equity: 3.20%
- Return on Assets: 1.46%
- Debt-to-Equity Ratio: 0.64%
- Current Ratio: 1.44%
- Quick Ratio: 1.20%
- Average Volume: 5.02 million shs.
- Beta: 0.56
- Short Ratio: 4.48
Frequently Asked Questions for Cenovus Energy (NYSE:CVE)
What is Cenovus Energy's stock symbol?
Cenovus Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "CVE."
How often does Cenovus Energy pay dividends? What is the dividend yield for Cenovus Energy?
Cenovus Energy announced a quarterly dividend on Thursday, July 27th. Investors of record on Friday, September 15th will be paid a dividend of $0.039 per share on Friday, September 29th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Thursday, September 14th. This is a positive change from Cenovus Energy's previous quarterly dividend of $0.04. View Cenovus Energy's Dividend History.
How were Cenovus Energy's earnings last quarter?
Cenovus Energy Inc (NYSE:CVE) announced its quarterly earnings data on Thursday, July, 27th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.03 by $0.24. The company earned $3.03 billion during the quarter, compared to analyst estimates of $3.40 billion. Cenovus Energy had a return on equity of 3.20% and a net margin of 17.89%. During the same quarter in the prior year, the company earned ($0.05) EPS. View Cenovus Energy's Earnings History.
When will Cenovus Energy make its next earnings announcement?
Where is Cenovus Energy's stock going? Where will Cenovus Energy's stock price be in 2017?
14 brokers have issued 12-month price objectives for Cenovus Energy's stock. Their forecasts range from $8.00 to $25.00. On average, they anticipate Cenovus Energy's share price to reach $18.50 in the next twelve months. View Analyst Ratings for Cenovus Energy.
Are investors shorting Cenovus Energy?
Cenovus Energy saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 34,393,424 shares, an increase of 26.6% from the August 15th total of 27,177,354 shares. Based on an average daily trading volume, of 2,956,757 shares, the days-to-cover ratio is presently 11.6 days. Approximately 3.4% of the shares of the company are short sold.
Who are some of Cenovus Energy's key competitors?
Some companies that are related to Cenovus Energy include Sasol (SSL), Andeavor (ANDV), Tesoro Corporation (ANDV), Hess Corporation (HES), Western Gas Equity Partners, LP (WGP), Markwest Energy Partners LP (MWE), Western Gas Partners, LP (WES), AmeriGas Partners, L.P. (APU), PBF Energy (PBF), Targa Resources Partners LP (NGLS), Crestwood Equity Partners LP (CEQP), Suburban Propane Partners, L.P. (SPH), Cosan Limited (CZZ), CVR Refining, LP (CVRR), Ngl Energy Partners Lp (NGL), American Midstream Partners, LP (AMID), Alon USA Partners, LP (ALDW) and Sprague Resources LP (SRLP).
Who are Cenovus Energy's key executives?
Cenovus Energy's management team includes the folowing people:
- Patrick D. Daniel, Chairman of the Board
- Brian C. Ferguson, President, Chief Executive Officer, Non-Independent Director
- Ivor M. Ruste, Chief Financial Officer, Executive Vice President
- Harbir S. Chhina, Executive Vice President, Chief Technology Officer
- Alan Craig Reid, Executive Vice-President - Environment, Corporate Affairs, Legal & General Counsel
- Judy A. Fairburn, Executive Vice President - Safety, Chief Digital Officer
- Kieron McFayden, Executive Vice President, President - Upstream Oil & Gas
- Robert William Pease, Executive Vice President - Strategic Planning, President, Downstream
- J. Drew Zieglgansberger, Executive Vice President - Deep Basin
- Sarah Walters, Vice President - Human Resources
Who owns Cenovus Energy stock?
Cenovus Energy's stock is owned by a number of of institutional and retail investors. Top institutional investors include FMR LLC (4.40%), Beutel Goodman & Co Ltd. (5.39%), TD Asset Management Inc. (3.51%), First Eagle Investment Management LLC (2.61%), Letko Brosseau & Associates Inc. (2.21%) and Burgundy Asset Management Ltd. (2.06%). View Institutional Ownership Trends for Cenovus Energy.
Who sold Cenovus Energy stock? Who is selling Cenovus Energy stock?
Cenovus Energy's stock was sold by a variety of institutional investors in the last quarter, including Jarislowsky Fraser Ltd, Guardian Capital LP, Mawer Investment Management Ltd., Segantii Capital Management Ltd, Cardinal Capital Management Inc., Bank of Nova Scotia, NN Investment Partners Holdings N.V. and Teachers Advisors LLC. View Insider Buying and Selling for Cenovus Energy.
Who bought Cenovus Energy stock? Who is buying Cenovus Energy stock?
Cenovus Energy's stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Burgundy Asset Management Ltd., Letko Brosseau & Associates Inc., Lincluden Management Ltd., Renaissance Technologies LLC, Vanguard Group Inc., Pzena Investment Management LLC and TD Asset Management Inc.. View Insider Buying and Selling for Cenovus Energy.
How do I buy Cenovus Energy stock?
Shares of Cenovus Energy can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cenovus Energy's stock price today?
MarketBeat Community Rating for Cenovus Energy (NYSE CVE)MarketBeat's community ratings are surveys of what our community members think about Cenovus Energy and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Cenovus Energy stock can currently be purchased for approximately $9.36.
Consensus Ratings for Cenovus Energy (NYSE:CVE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 5 Hold Ratings, 7 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.36)|
|Consensus Price Target: ||$18.50 (97.65% upside)|
Analysts' Ratings History for Cenovus Energy (NYSE:CVE)
(Data available from 9/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/5/2017||Canaccord Genuity||Reiterated Rating||Buy||$14.00||Low|
|7/19/2017||Morgan Stanley||Downgrade||Overweight -> Equal Weight||High|
|7/12/2017||Barclays PLC||Reiterated Rating||Overweight||$15.00 -> $22.00||Low|
|7/5/2017||Raymond James Financial, Inc.||Downgrade||Market Perform -> Underperform||Low|
|6/27/2017||National Bank Financial||Initiated Coverage||Sector Perform||Medium|
|6/22/2017||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Neutral -> Neutral||$8.00||Low|
|6/21/2017||Macquarie||Downgrade||Neutral -> Underperform||High|
|5/26/2017||Credit Suisse Group||Reiterated Rating||Outperform -> Outperform||High|
|3/24/2017||TD Securities||Upgrade||Hold -> Buy||Low|
|2/16/2017||Societe Generale||Upgrade||Hold -> Buy||N/A|
|12/13/2016||Edward Jones||Downgrade||Buy -> Hold||N/A|
|12/10/2016||Royal Bank Of Canada||Reiterated Rating||Outperform||$24.00 -> $25.00||N/A|
|8/19/2016||Bank of America Corporation||Initiated Coverage||Neutral||$17.00||N/A|
|7/29/2016||J P Morgan Chase & Co||Boost Price Target||Neutral||$19.00 -> $20.00||N/A|
|2/14/2016||BMO Capital Markets||Reiterated Rating||Market Perform||$18.00||N/A|
|12/15/2015||FirstEnergy Capital||Reiterated Rating||Outperform||$23.00 -> $22.00||N/A|
Earnings History for Cenovus Energy (NYSE:CVE)Earnings History by Quarter for Cenovus Energy (NYSE CVE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/26/2017|| || || || || || || || |
|7/27/2017||6/30/2017||$0.03||$0.27||$3.40 billion||$3.03 billion||View||N/A|
|4/26/2017||3/31/2017||$0.02||($0.04)||$3.21 billion||$2.92 billion||View||N/A|
|2/16/2017||Q316||($0.03)||$0.29||$2.61 billion||$2.73 billion||View||N/A|
|10/27/2016||Q216||($0.07)||($0.22)||$2.54 billion||$2.48 billion||View||Listen|
|7/28/2016||Q2 2016||($0.14)||($0.05)||$2.20 billion||$2.33 billion||View||N/A|
|4/27/2016||Q116||($0.37)||($0.51)||$1.85 billion||$1.64 billion||View||N/A|
|2/11/2016||Q415||($0.21)||($0.53)||$3.17 billion||$2.92 billion||View||N/A|
|10/29/2015||Q315||$0.02||($0.03)||$2.66 billion||$2.50 billion||View||Listen|
|7/30/2015||Q215||$0.01||$0.14||$2.80 billion||$3.03 billion||View||Listen|
|4/29/2015||Q115||($0.11)||($0.64)||$3.81 billion||$2.60 billion||View||N/A|
|2/12/2015||Q414||$0.16||($0.49)||$3.43 billion||$3.36 billion||View||N/A|
|10/23/2014||Q314||$0.44||$0.14||$4.06 billion||$4.43 billion||View||Listen|
|7/30/2014||Q214||$0.44||$0.74||$4.18 billion||$5.01 billion||View||N/A|
|4/30/2014||Q1 2014||$0.45||$0.28||$4.62 billion||$4.56 billion||View||N/A|
Earnings Estimates for Cenovus Energy (NYSE:CVE)
2017 EPS Consensus Estimate: $0.09
2018 EPS Consensus Estimate: $0.22
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Cenovus Energy (NYSE:CVE)
|Dividend Growth:||-45.30% (3 Year Average)|
|Payout Ratio:||8.89% (Trailing 12 Months of Earnings) |
42.11% (Based on This Year's Estimates)
48.48% (Based on Next Year's Estimates)
Dividend History by Quarter for Cenovus Energy (NYSE CVE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Cenovus Energy (NYSE:CVE)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Cenovus Energy (NYSE:CVE)
Latest Headlines for Cenovus Energy (NYSE:CVE)
|Cenovus Energy Inc (CVE) Short Interest Update|
www.americanbankingnews.com - September 17 at 2:46 AM
|The Boring Truth About Oil Prices|
finance.yahoo.com - September 13 at 11:58 PM
|Cormark Comments on Cenovus Energy Inc's FY2018 Earnings (CVE)|
www.americanbankingnews.com - September 8 at 11:35 AM
|Cormark Analysts Decrease Earnings Estimates for Cenovus Energy Inc (CVE)|
www.americanbankingnews.com - September 7 at 7:30 AM
|Cenovus to present at Barclays CEO Energy-Power Conference|
finance.yahoo.com - September 6 at 10:48 PM
|Canadian Natural buys Cenovus Pelican Lake assets for C$975 million - Reuters|
www.reuters.com - September 6 at 5:41 PM
|Cenovus Energy, Inc. – Value Analysis (NYSE:CVE) : September 6, 2017|
finance.yahoo.com - September 6 at 12:15 AM
|Cenovus Energy Inc (CVE) Stock Rating Reaffirmed by Canaccord Genuity|
www.americanbankingnews.com - September 5 at 2:16 PM
|Cenovus Energy Inc (CVE) Receives Average Recommendation of "Hold" from Brokerages|
www.americanbankingnews.com - September 5 at 8:54 AM
|Cenovus Energy Inc (CVE) Expected to Announce Earnings of $0.06 Per Share|
www.americanbankingnews.com - September 3 at 10:26 PM
|Cenovus Energy, Inc. breached its 50 day moving average in a Bullish Manner : CVE-US : September 1, 2017|
finance.yahoo.com - September 1 at 11:02 PM
|Should You Buy Cenovus Energy Inc. Today?|
www.fool.ca - August 30 at 6:42 PM
|Cenovus Energy Inc (CVE) Short Interest Down 11.1% in August|
www.americanbankingnews.com - August 30 at 2:44 AM
|Cenovus Energy Inc (CVE) Rating Lowered to Sell at BidaskClub|
www.americanbankingnews.com - August 20 at 1:54 PM
|Head-To-Head Contrast: Sprague Resources (SRLP) and Cenovus Energy (CVE)|
www.americanbankingnews.com - August 20 at 8:26 AM
| Brokerages Anticipate Cenovus Energy Inc (CVE) Will Announce Quarterly Sales of $4.10 Billion|
www.americanbankingnews.com - August 18 at 9:20 AM
|Cenovus Energy, Inc. breached its 50 day moving average in a Bearish Manner : CVE-US : August 16, 2017|
finance.yahoo.com - August 16 at 6:06 PM
|$0.05 Earnings Per Share Expected for Cenovus Energy Inc (CVE) This Quarter|
www.americanbankingnews.com - August 16 at 10:16 AM
|ETFs with exposure to Cenovus Energy, Inc. : August 15, 2017|
finance.yahoo.com - August 15 at 6:22 PM
|Cenovus Energy Inc (NYSE:CVE) Given Consensus Recommendation of "Hold" by Analysts|
www.americanbankingnews.com - August 11 at 5:00 PM
|Cenovus Energy: A Siegfried In The Making - Seeking Alpha|
seekingalpha.com - August 9 at 10:50 PM
|Update: TSX Adds 66 Points, Boosted by Energy Shares as Crude Oil Prices Rise; Solid Jobs Report Helps Investor ... - Nasdaq|
www.nasdaq.com - August 4 at 5:56 PM
|Cenovus Energy, Inc. :CVE-US: Earnings Analysis: Q2, 2017 By the Numbers : August 1, 2017|
finance.yahoo.com - August 1 at 6:22 PM
| Brokerages Expect Cenovus Energy Inc (NYSE:CVE) Will Announce Quarterly Sales of $4.07 Billion|
www.americanbankingnews.com - July 31 at 9:33 AM
|Cenovus Energy Inc (NYSE:CVE) Forecasted to Post Q2 2018 Earnings of $0.09 Per Share|
www.americanbankingnews.com - July 31 at 8:56 AM
|Cenovus Energy Inc (NYSE:CVE) Short Interest Update|
www.americanbankingnews.com - July 30 at 7:03 AM
|Zacks: Analysts Expect Cenovus Energy Inc (CVE) Will Announce Earnings of $0.06 Per Share|
www.americanbankingnews.com - July 29 at 7:46 AM
|Cenovus delivers strong second quarter performance|
finance.yahoo.com - July 29 at 12:39 AM
|Canada's Cenovus Energy posts profit in 2nd qtr|
finance.yahoo.com - July 29 at 12:39 AM
|Investor Network: Cenovus Energy Inc. to Host Earnings Call|
finance.yahoo.com - July 29 at 12:39 AM
|Canada's Cenovus posts profit on Conoco deal; shares surge|
finance.yahoo.com - July 29 at 12:39 AM
|CANADA STOCKS-TSX ends higher, energy leads as Cenovus soars|
finance.yahoo.com - July 29 at 12:39 AM
|Cenovus Energy Inc (NYSE:CVE) Releases Quarterly Earnings Results|
www.americanbankingnews.com - July 29 at 12:21 AM
|Cenovus Energy Inc (NYSE:CVE) Raised to Hold at ValuEngine|
www.americanbankingnews.com - July 28 at 11:41 PM
|Cenovus Energy Inc (NYSE:CVE) Plans Quarterly Dividend of $0.04|
www.americanbankingnews.com - July 28 at 11:33 AM
|Cenovus beats 2Q profit forecasts|
finance.yahoo.com - July 27 at 11:01 PM
|Zacks Investment Research Downgrades Cenovus Energy Inc (CVE) to Hold|
www.americanbankingnews.com - July 26 at 6:17 PM
|Cenovus Energy Inc (NYSE:CVE) Upgraded to "Buy" by Zacks Investment Research|
www.americanbankingnews.com - July 25 at 6:27 PM
|Checking the Forecast for Chevron Stock ahead of Q2 Earnings|
finance.yahoo.com - July 21 at 7:17 PM
|UPDATE: Morgan Stanley Downgrades Cenovus Energy Inc. (CVE) to Equalweight|
www.streetinsider.com - July 19 at 6:49 PM
|Morgan Stanley Lowers Cenovus Energy Inc (NYSE:CVE) to Equal Weight|
www.americanbankingnews.com - July 19 at 10:25 AM
|Zacks Investment Research Upgrades Cenovus Energy Inc (CVE) to "Hold"|
www.americanbankingnews.com - July 18 at 6:24 PM
|Cenovus Energy Inc (CVE) Short Interest Up 68.6% in June|
www.americanbankingnews.com - July 17 at 7:06 AM
|Cenovus Energy Inc (CVE) Upgraded to Sell at BidaskClub|
www.americanbankingnews.com - July 16 at 2:50 PM
|Cenovus Energy Inc. Divestitures on the Horizon: Time to Buy? - The Motley Fool Canada|
www.fool.ca - July 14 at 3:31 PM
|In search for new CEO, Cenovus seeks fresh blood for old path - Nasdaq|
www.nasdaq.com - July 14 at 3:31 PM
|Cenovus releases 2016 corporate responsibility report|
finance.yahoo.com - July 13 at 11:58 PM
|Cenovus Energy Inc (NYSE:CVE) Lowered to Sell at Zacks Investment Research|
www.americanbankingnews.com - July 12 at 5:58 PM
|Cenovus Energy Inc (NYSE:CVE) Earns Overweight Rating from Barclays PLC|
www.americanbankingnews.com - July 12 at 9:29 AM
|Cenovus Energy Inc (CVE) Downgraded by Raymond James Financial, Inc.|
www.americanbankingnews.com - July 9 at 7:14 PM
Cenovus Energy (CVE) Chart for Wednesday, September, 20, 2017