Cenovus Energy Stock Forecast, Price & News

Cenovus Energy's stock was trading at $3.01 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CVE stock has increased by 95.3% and is now trading at $5.88.
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15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Cenovus Energy stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CVE, but not buy additional shares or sell existing shares.
View analyst ratings for Cenovus Energy or view MarketBeat's top 5 stock picks.

Wall Street analysts have given Cenovus Energy a "Hold" 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.
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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.

Cenovus Energy is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for Cenovus Energy.

Cenovus Energy Inc. (NYSE:CVE) issued its quarterly earnings data on Thursday, October, 29th. The oil and gas company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by $0.34. The oil and gas company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $3.60 billion. Cenovus Energy had a negative trailing twelve-month return on equity of 12.48% and a negative net margin of 14.15%. During the same quarter last year, the firm earned $0.23 EPS.
View Cenovus Energy's earnings history.

Cenovus Energy announced a quarterly dividend on Wednesday, February 12th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.047 per share on Tuesday, March 31st. This represents a $0.19 annualized dividend and a yield of 3.20%. The ex-dividend date is Thursday, March 12th.
View Cenovus Energy's dividend history.

Cenovus Energy pays an annual dividend of $0.05 per share and currently has a dividend yield of 0.82%. The dividend payout ratio of Cenovus Energy is 17.86%. This payout ratio is at a healthy, sustainable level, below 75%.
View Cenovus Energy's dividend history.

15 brokerages have issued 12-month target prices for Cenovus Energy's shares. Their forecasts range from $5.50 to $11.00. On average, they expect Cenovus Energy's stock price to reach $8.06 in the next twelve months. This suggests a possible upside of 37.0% from the stock's current price.
View analysts' price targets for Cenovus Energy or view Wall Street analyst' top-rated stocks.

Some companies that are related to Cenovus Energy include Canadian Natural Resources (CNQ), RWE Aktiengesellschaft (RWEOY), Ecopetrol (EC), The Hong Kong and China Gas (HOKCY), Pioneer Natural Resources (PXD), Occidental Petroleum (OXY), Woodside Petroleum (WOPEY), Denbury (DEN), Concho Resources (CXO), Toray Industries (TRYIY), Diamondback Energy (FANG), Galp Energia, SGPS (GLPEY), Cabot Oil & Gas (COG), Parsley Energy (PE) and Continental Resources (CLR).
View all of CVE's competitors.

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).

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

Cenovus Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Nexus Investment Management ULC (0.14%), DORCHESTER WEALTH MANAGEMENT Co (0.04%), Crossmark Global Holdings Inc. (0.00%) and Candriam Luxembourg S.C.A. (0.00%).

CVE stock was sold by a variety of institutional investors in the last quarter, including DORCHESTER WEALTH MANAGEMENT Co, and Candriam Luxembourg S.C.A..

CVE stock was acquired by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., and Nexus Investment Management ULC.

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.

One share of CVE stock can currently be purchased for approximately $5.88.

Cenovus Energy has a market capitalization of $7.23 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. Cenovus Energy employs 2,361 workers across the globe.

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

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]