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NYSE:CVE - Cenovus Energy Stock Price, Forecast & News

$1.69
-0.20 (-10.58 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$1.64
Now: $1.69
$1.87
50-Day Range
$1.60
MA: $6.05
$9.19
52-Week Range
$1.41
Now: $1.69
$10.82
Volume7.22 million shs
Average Volume12.66 million shs
Market Capitalization$2.08 billion
P/E Ratio1.26
Dividend Yield9.89%
Beta1.16
Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company's Oil Sands segment develops and produces bitumen in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development, such as Telephone Lake. This segment also holds the Athabasca natural gas assets. Its Deep Basin segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas of British Columbia and Alberta, and include interests in natural gas processing facilities. The company's Refining and Marketing segment transports, sells, and refines crude oil into petroleum and chemical products. This segment owns a 50% interest ownership in two refineries in the United States; owns and operates a crude-by-rail terminal in Alberta; and markets third-party purchases and sales of product. Cenovus Energy Inc. is headquartered in Calgary, Canada.
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Cenovus Energy logo

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone403-766-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$15.21 billion
Cash Flow$1.48 per share
Book Value$11.77 per share

Profitability

Net Income$1.65 billion

Miscellaneous

Employees2,361
Outstanding Shares1,229,000,000
Market Cap$2.08 billion
Next Earnings Date4/29/2020 (Confirmed)
OptionableOptionable

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Cenovus Energy (NYSE:CVE) Frequently Asked Questions

How has Cenovus Energy's stock been impacted by COVID-19 (Coronavirus)?

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 decreased by 43.9% and is now trading at $1.69. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cenovus Energy?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Cenovus Energy.

When is Cenovus Energy's next earnings date?

Cenovus Energy is scheduled to release its next quarterly earnings announcement on Wednesday, April 29th 2020. View our earnings forecast for Cenovus Energy.

How were Cenovus Energy's earnings last quarter?

Cenovus Energy Inc (NYSE:CVE) issued its earnings results on Wednesday, February, 12th. The oil and gas company reported ($0.10) EPS for the quarter, missing the Zacks' consensus estimate of $0.08 by $0.18. The oil and gas company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $4.12 billion. Cenovus Energy had a return on equity of 2.43% and a net margin of 10.38%. View Cenovus Energy's earnings history.

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

Cenovus Energy announced a quarterly dividend on Wednesday, February 12th. Shareholders of record on Friday, March 13th will be given a dividend of $0.047 per share on Tuesday, March 31st. This represents a $0.19 dividend on an annualized basis and a dividend yield of 11.12%. The ex-dividend date of this dividend is Thursday, March 12th. View Cenovus Energy's dividend history.

What price target have analysts set for CVE?

13 analysts have issued 12 month price objectives for Cenovus Energy's stock. Their forecasts range from $5.50 to $17.50. On average, they expect Cenovus Energy's stock price to reach $12.25 in the next year. This suggests a possible upside of 624.9% from the stock's current price. View analysts' price targets for Cenovus Energy.

Has Cenovus Energy been receiving favorable news coverage?

Media coverage about CVE stock has trended very positive recently, InfoTrie reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cenovus Energy earned a news impact score of 4.0 on InfoTrie's scale. They also assigned media stories about the oil and gas company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutCenovus Energy.

Are investors shorting Cenovus Energy?

Cenovus Energy saw a increase in short interest in March. As of March 13th, there was short interest totaling 28,533,900 shares, an increase of 38.6% from the February 27th total of 20,580,000 shares. Based on an average daily volume of 4,750,000 shares, the days-to-cover ratio is presently 6.0 days. Currently, 2.8% of the company's shares are short sold. View Cenovus Energy's Current Options Chain.

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 Bank of America (BAC), General Electric (GE), Encana (ECA), Suncor Energy (SU), Intel (INTC), AT&T (T), Enbridge (ENB), Cisco Systems (CSCO), Micron Technology (MU) and Exxon Mobil (XOM).

Who are Cenovus Energy's key executives?

Cenovus Energy's management team includes the following people:
  • Mr. Alexander J. Pourbaix, CEO, Pres & Director (Age 53)
  • Mr. Harbir Singh Chhina, Exec. VP & CTO
  • Mr. Jonathan M. McKenzie, Exec. VP & CFO (Age 51)
  • Ms. Sherry A. Wendt, Director of Investor Relations
  • Mr. Alan Craig Reid, Exec. VP of Stakeholder Engagement, Safety & Legal and Gen. Counsel

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 shareholders include FMR LLC (7.54%), Capital World Investors (4.41%), Capital Research Global Investors (4.34%), Letko Brosseau & Associates Inc. (3.18%), TD Asset Management Inc. (3.11%) and Capital International Investors (2.56%).

Which major investors are selling Cenovus Energy stock?

CVE stock was sold by a variety of institutional investors in the last quarter, including Letko Brosseau & Associates Inc., Russell Investments Group Ltd., FIL Ltd, Man Group plc, QV Investors Inc., Renaissance Technologies LLC, Korea Investment CORP, and Cubist Systematic Strategies LLC.

Which major investors are buying Cenovus Energy stock?

CVE stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Credit Suisse AG, Connor Clark & Lunn Investment Management Ltd., Pzena Investment Management LLC, Cidel Asset Management Inc., Schonfeld Strategic Advisors LLC, Hotchkis & Wiley Capital Management LLC, and Public Sector Pension Investment Board.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Cenovus Energy's stock price today?

One share of CVE stock can currently be purchased for approximately $1.69.

How big of a company is Cenovus Energy?

Cenovus Energy has a market capitalization of $2.08 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. View additional information about Cenovus Energy.

What is Cenovus Energy's official website?

The official website for Cenovus Energy is http://www.cenovus.com/.

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]


MarketBeat Community Rating for Cenovus Energy (NYSE CVE)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  571 (Vote Outperform)
Underperform Votes:  728 (Vote Underperform)
Total Votes:  1,299
MarketBeat's community ratings are surveys of what our community members think about Cenovus Energy and other stocks. Vote "Outperform" if you believe CVE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CVE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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