Cenovus Energy Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There are currently 3 hold ratings and 14 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.

Wall Street analysts have given Cenovus Energy a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cenovus Energy wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Cenovus Energy saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 12,490,000 shares, an increase of 46.4% from the June 30th total of 8,530,000 shares. Based on an average trading volume of 9,790,000 shares, the short-interest ratio is currently 1.3 days. Currently, 0.9% of the shares of the company are sold short.
View Cenovus Energy's Short Interest.

Cenovus Energy is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Cenovus Energy.

Cenovus Energy Inc. (NYSE:CVE) issued its quarterly earnings results on Wednesday, July, 28th. The oil and gas company reported $0.11 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.29 by $0.18. Cenovus Energy had a net margin of 0.43% and a negative trailing twelve-month return on equity of 2.80%.
View Cenovus Energy's earnings history.

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 shares have increased by 177.1% and is now trading at $8.34.
View which stocks have been most impacted by COVID-19.

Cenovus Energy announced a quarterly dividend on Friday, July 30th. Investors of record on Wednesday, September 15th will be paid a dividend of $0.0139 per share on Thursday, September 30th. This represents a $0.06 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Tuesday, September 14th.
View Cenovus Energy's dividend history.

17 brokers have issued 12 month target prices for Cenovus Energy's stock. Their forecasts range from $6.00 to $20.00. On average, they anticipate Cenovus Energy's share price to reach $13.50 in the next year. This suggests a possible upside of 61.9% from the stock's current price.
View analysts' price targets for Cenovus Energy or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Cenovus Energy include EOG Resources (EOG), ENI (E), Canadian Natural Resources (CNQ), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Ecopetrol (EC), Occidental Petroleum (OXY), RWE Aktiengesellschaft (RWEOY), Devon Energy (DVN), Woodside Petroleum (WOPEY), Diamondback Energy (FANG), Continental Resources (CLR), Gulfport Energy (GPORQ), Toray Industries (TRYIY) and Sasol (SSL).
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 many different retail and institutional investors. Top institutional investors include ConocoPhillips (9.32%), Nexus Investment Management ULC (0.09%), Hillsdale Investment Management Inc. (0.04%), DORCHESTER WEALTH MANAGEMENT Co (0.02%), Adams Natural Resources Fund Inc. (0.01%) and Harel Insurance Investments & Financial Services Ltd. (0.00%).

CVE stock was sold by a variety of institutional investors in the last quarter, including ConocoPhillips, and DORCHESTER WEALTH MANAGEMENT Co.

CVE stock was bought by a variety of institutional investors in the last quarter, including Hillsdale Investment Management Inc., Adams Natural Resources Fund Inc., Harel Insurance Investments & Financial Services Ltd., Nexus Investment Management ULC, and Kohmann Bosshard Financial Services LLC.

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.

One share of CVE stock can currently be purchased for approximately $8.34.

Cenovus Energy has a market capitalization of $16.83 billion and generates $10.15 billion in revenue each year. The oil and gas company earns $-1,775,920,000.00 in net income (profit) each year or ($1.59) on an earnings per share basis.

Cenovus Energy employs 2,413 workers across the globe.

Cenovus Energy was founded in 2009.

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

Cenovus Energy is headquartered at 4100 225 6 AVENUE SW, CALGARY A0, T2P 1N2.

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]