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Cenovus Energy - CVE Stock Forecast, Price & News

$18.32
-0.34 (-1.82%)
(As of 08/19/2022 09:53 AM ET)
Add
Compare
Today's Range
$18.23
$18.49
50-Day Range
$15.85
$23.53
52-Week Range
$7.20
$24.91
Volume
114,505 shs
Average Volume
10.35 million shs
Market Capitalization
$35.72 billion
P/E Ratio
11.45
Dividend Yield
1.85%
Price Target
$26.13

Cenovus Energy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
40.0% Upside
$26.13 Price Target
Short Interest
Healthy
2.06% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-8.62
Upright™ Environmental Score
News Sentiment
1.09mentions of Cenovus Energy in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-3.81%
From $3.41 to $3.28 Per Share

Overall MarketRank

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

2.43 out of 5 stars

Oils/Energy Sector

95th out of 254 stocks

Crude Petroleum & Natural Gas Industry

38th out of 80 stocks

CVE stock logo

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.

Cenovus Energy Stock Up 4.1 %

NYSE:CVE opened at $18.66 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.73 and a quick ratio of 1.14. Cenovus Energy has a 1-year low of $7.20 and a 1-year high of $24.91. The company has a 50-day moving average of $18.41 and a 200 day moving average of $18.06. The firm has a market cap of $36.38 billion, a PE ratio of 11.66 and a beta of 2.33.

Cenovus Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.0814 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.74%. Cenovus Energy's dividend payout ratio is presently 20.63%.

Analysts Set New Price Targets

A number of brokerages recently commented on CVE. The Goldman Sachs Group increased their price target on shares of Cenovus Energy from $21.00 to $24.00 and gave the company a "buy" rating in a report on Friday, May 20th. StockNews.com upgraded Cenovus Energy from a "hold" rating to a "buy" rating in a research report on Friday, April 29th. Cormark cut their price objective on shares of Cenovus Energy from $32.00 to $26.00 in a research report on Monday, May 16th. National Bank Financial reduced their target price on shares of Cenovus Energy from C$41.00 to C$38.00 in a research note on Monday, July 18th. Finally, Scotiabank lifted their price target on shares of Cenovus Energy from C$25.00 to C$34.00 in a research note on Wednesday, June 8th. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $26.13.

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CVE Stock News Headlines

Cenovus Energy: Rewriting History
Cenovus Energy: Prepare For The Cash Flood
Cenovus Energy (NYSE:CVE) Sees Unusually-High Trading Volume
Cenovus Energy Inc stock dipped on Friday.
Cenovus Energy Inc WT stock dipped on Friday.
Cenovus Energy Inc stock raised on Wednesday.
Cenovus Energy Enters Oversold Territory
Should You Buy Cenovus Energy on the Dip?
See More Headlines
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CVE Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Today
8/19/2022
Ex-Dividend for 9/29 Dividend
9/14/2022
Dividend Payable
9/29/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
2,413
Year Founded
2009

Price Target and Rating

Average Stock Price Forecast
$26.13
High Stock Price Forecast
$38.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+42.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
11 Analysts

Profitability

Net Income
$468.37 million
Pretax Margin
9.49%

Debt

Sales & Book Value

Annual Sales
$36.99 billion
Cash Flow
$3.25 per share
Book Value
$10.35 per share

Miscellaneous

Outstanding Shares
1,949,520,000
Free Float
N/A
Market Cap
$35.72 billion
Optionable
Optionable
Beta
2.33

Social Links


Key Executives

  • Mr. Alexander J. Pourbaix (Age 56)
    CEO, Pres & Director
    Comp: $3.27M
  • Mr. Jeffrey Ryan Hart
    Exec. VP & CFO
  • Mr. Jonathan M. McKenzie (Age 54)
    Exec. VP & COO
    Comp: $1.38M
  • 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













CVE Stock - Frequently Asked Questions

Should I buy or sell Cenovus Energy stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There are currently 11 buy ratings for the stock. The consensus among Wall Street equities 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?

11 brokers have issued 1 year price targets for Cenovus Energy's stock. Their CVE share price forecasts range from $18.00 to $38.00. On average, they expect the company's stock price to reach $26.13 in the next year. This suggests a possible upside of 40.0% 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 at the start of the year. Since then, CVE shares have increased by 52.0% and is now trading at $18.66.
View the best growth stocks for 2022 here
.

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) posted its quarterly earnings data on Tuesday, November, 2nd. The oil and gas company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.09. The oil and gas company earned $10.67 billion during the quarter, compared to analyst estimates of $11.74 billion. Cenovus Energy had a trailing twelve-month return on equity of 23.47% and a net margin of 6.51%. During the same period in the previous year, the business earned ($0.28) earnings per share.

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 yield of 1.74%. 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 $0.33 per share and currently has a dividend yield of 1.85%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVE will have a dividend payout ratio of 10.06% 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 institutional and retail investors. Top institutional investors include TD Asset Management Inc. (1.81%), GQG Partners LLC (1.65%), Egerton Capital UK LLP (0.94%), Connor Clark & Lunn Investment Management Ltd. (0.93%), Mackenzie Financial Corp (0.86%) and Bank of Nova Scotia (0.63%).

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 $18.66.

How much money does Cenovus Energy make?

Cenovus Energy (NYSE:CVE) has a market capitalization of $36.38 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.

When was Cenovus Energy founded?

Cenovus Energy was founded in 2009.

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 8/19/2022 by MarketBeat.com Staff

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