NYSE:CVE

Cenovus Energy Stock Forecast, Price & News

$7.60
-0.18 (-2.31 %)
(As of 04/9/2021 12:00 AM ET)
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Today's Range
$7.59
Now: $7.60
$7.83
50-Day Range
$6.78
MA: $7.77
$8.48
52-Week Range
$2.39
Now: $7.60
$8.57
Volume4.86 million shs
Average Volume10.46 million shs
Market Capitalization$15.33 billion
P/E RatioN/A
Dividend YieldN/A
Beta3.12
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, and Refining and Marketing segments. The Oil Sands segment develops and produces bitumen in northeast Alberta. Its bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development. The Conventional segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas of British Columbia and Alberta, as well as various interests in natural gas processing facilities. The Refining and Marketing segment transports and sells crude oil, natural gas, and NGLs. This segment owns a 50% ownership in Wood River and Borger refineries located in the United States; and owns and operates a crude-by-rail terminal in Alberta. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.
Cenovus Energy logo

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
CUSIPN/A
Phone403-766-2000
Employees2,413
Year Founded2009

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$15.21 billion
Cash Flow$2.05 per share
Book Value$11.77 per share

Profitability

Net Income$1.65 billion

Miscellaneous

Outstanding Shares2,017,340,000
Market Cap$15.33 billion
Next Earnings Date5/7/2021 (Confirmed)
OptionableOptionable

Headlines

Canadian Stocks Somewhat Sluggish As Investors Look For Direction
April 9, 2021 |  markets.businessinsider.com
Cenovus Energy (NYSE:CVE) Upgraded to "Buy" by Desjardins
March 26, 2021 |  americanbankingnews.com
Cenovus Energy (NYSE:CVE) Trading Down 5.9%
March 18, 2021 |  americanbankingnews.com
CVE Crosses Above Average Analyst Target
February 25, 2021 |  nasdaq.com
Stocks to Buy Now: Cenovus Energy (TSX:CVE)
February 11, 2021 |  fool.ca
Cenovus Energy: A Heavy Oil Juggernaut
January 28, 2021 |  seekingalpha.com
Cenovus (CVE) Jumps 61.4% in 3 Months: More Room to Run?
January 12, 2021 |  finance.yahoo.com
Cenovus Energy Inc. Wt
January 10, 2021 |  barrons.com
See More Headlines

MarketRank

Overall MarketRank

1.68 out of 5 stars

Oils/Energy Sector

82nd out of 667 stocks

Crude Petroleum & Natural Gas Industry

32nd out of 246 stocks

Analyst Opinion: 3.3Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
$7.60
-0.18 (-2.31 %)
(As of 04/9/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cenovus Energy (NYSE:CVE) Frequently Asked Questions

Is Cenovus Energy a buy right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Cenovus Energy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Cenovus Energy?

Cenovus Energy saw a decline in short interest during the month of February. As of February 26th, there was short interest totaling 12,680,000 shares, a decline of 30.7% from the February 11th total of 18,300,000 shares. Based on an average trading volume of 10,510,000 shares, the short-interest ratio is currently 1.2 days. Currently, 0.9% of the shares of the company 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 Friday, May 7th 2021.
View our earnings forecast for Cenovus Energy
.

How can I listen to Cenovus Energy's earnings call?

Cenovus Energy will be holding an earnings conference call on Friday, May 7th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Cenovus Energy's earnings last quarter?

Cenovus Energy Inc. (NYSE:CVE) released its earnings results on Monday, February, 8th. The oil and gas company reported ($0.35) EPS for the quarter, missing the Zacks' consensus estimate of ($0.08) by $0.27. The oil and gas company earned $2.74 billion during the quarter, compared to the consensus estimate of $3.86 billion. Cenovus Energy had a negative net margin of 14.15% and a negative trailing twelve-month return on equity of 12.48%. During the same period in the prior year, the company earned $0.09 EPS.
View Cenovus Energy's earnings history
.

How has Cenovus Energy's stock price 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 152.5% and is now trading at $7.60.
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 declared a quarterly dividend on Wednesday, February 10th. Shareholders of record on Monday, March 15th will be given a dividend of $0.0137 per share on Wednesday, March 31st. This represents a $0.05 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, March 12th.
View Cenovus Energy's dividend history
.

What price target have analysts set for CVE?

17 brokers have issued 12-month price targets for Cenovus Energy's stock. Their forecasts range from $5.50 to $16.00. On average, they anticipate Cenovus Energy's share price to reach $9.21 in the next twelve months. This suggests a possible upside of 21.2% 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:
  • Mr. Alexander J. Pourbaix, CEO, Pres & Director (Age 55)
  • Mr. Jonathan M. McKenzie, Exec. VP & COO (Age 53)
  • Mr. Joseph Drew Zieglgansberger, Exec. VP of Upstream – Conventional & Integration
  • Mr. Jeffrey Ryan Hart, Exec. VP & CFO
  • 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. Rhona Delfrari, Chief Sustainability Officer & Sr. VP of Stakeholder Engagement
  • Ms. Sarah J. Walters, Exec. Vice-Pres of Corp. Services
  • Mr. Keith A. Chiasson, Exec. Vice-Pres of Downstream

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 many different institutional and retail investors. Top institutional investors include Nexus Investment Management ULC (0.09%) and Foundation Resource Management Inc. (0.02%).

Which major investors are selling Cenovus Energy stock?

CVE stock was sold by a variety of institutional investors in the last quarter, including Nexus Investment Management ULC.

Which major investors are buying Cenovus Energy stock?

CVE stock was purchased by a variety of institutional investors in the last quarter, including Foundation Resource Management Inc..

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 $7.60.

How much money does Cenovus Energy make?

Cenovus Energy has a market capitalization of $15.33 billion and generates $15.21 billion in revenue each year. The oil and gas company earns $1.65 billion in net income (profit) each year or $0.28 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 4/11/2021 by MarketBeat.com Staff
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