S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
NYSE:CVE

Cenovus Energy Stock Forecast, Price & News

$12.39
-0.67 (-5.13%)
(As of 11/26/2021 12:00 AM ET)
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Today's Range
$11.75
$12.40
50-Day Range
$8.42
$13.16
52-Week Range
$4.94
$13.48
Volume
11.37 million shs
Average Volume
9.64 million shs
Market Capitalization
$25.00 billion
P/E Ratio
44.25
Dividend Yield
0.48%
Beta
3.02
30 days | 90 days | 365 days | Advanced Chart
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Cenovus Energy logo

About Cenovus Energy

Cenovus Energy, Inc. engages in provision of gas and oil. Its activities include development, production, and marketing of crude oil, natural gas liquids (NGLS), and natural gas in Canada. The firm operates through four segments: Oil Sands, Conventional, Refining & Marketing, and Corporate & Eliminations. The Oil sands segment includes the development and production of bitumen in northeast Alberta including Foster Creek, Christina Lake and Narrows Lake as well as projects in the early stages of development. The Conventional segment includes includes land primarily in the Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas. The Refining and Marketing segment provides transportation and selling of crude oil, natural gas and NGLS. The Corporate and Eliminations segment includes unrealized gains and losses recorded on derivative financial instruments, divestiture of assets, as well as other administrative, financing activities and research costs. The company was founded in 1881 and is headquartered in Calgary, Canada.

Headlines

Cenovus Energy (NYSE:CVE) Shares Gap Down to $13.06
November 26, 2021 |  americanbankingnews.com
Cenovus Energy (NYSE:CVE) Trading 6.1% Higher
November 23, 2021 |  americanbankingnews.com
This 1 Energy Stock Is Set to Take Off
November 21, 2021 |  msn.com
Cenovus Energy (NYSE:CVE) PT Raised to C$19.00 at Scotiabank
November 19, 2021 |  americanbankingnews.com
Cenovus Energy (NYSE:CVE) PT Raised to C$19.00
November 19, 2021 |  americanbankingnews.com
Cenovus Energy (NYSE:CVE) Shares Gap Down to $12.78
November 19, 2021 |  americanbankingnews.com
TSX Ends Marginally Down
November 18, 2021 |  nasdaq.com
Cenovus Energy (NYSE:CVE) Reaches New 12-Month High at $12.80
November 8, 2021 |  americanbankingnews.com
3 Top Energy Stocks to Buy After Earnings
November 5, 2021 |  msn.com
Cenovus Energy (NYSE:CVE) Price Target Raised to C$21.00
November 4, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$10.15 billion
Cash Flow
$0.50 per share
Book Value
$9.40 per share

Profitability

Net Income
$-1.78 billion
Pretax Margin
3.05%

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares
2,017,540,000
Free Float
N/A
Market Cap
$25.00 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/14/2021
Dividend Payable
9/30/2021
Last Earnings
11/02/2021
Today
11/29/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/08/2022

Social Links


MarketRank

Overall MarketRank

2.60 out of 5 stars

Oils/Energy Sector

56th out of 354 stocks

Crude Petroleum & Natural Gas Industry

28th out of 113 stocks

Analyst Opinion: 4.5Community Rank: 4.1Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -












Cenovus Energy (NYSE:CVE) Frequently Asked Questions

Is Cenovus Energy a buy right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There are currently 1 hold rating and 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Cenovus Energy stock.
View analyst ratings for Cenovus Energy
or view top-rated stocks.

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

Cenovus Energy's stock was trading at $3.01 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CVE shares have increased by 311.6% and is now trading at $12.39.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Cenovus Energy?

Cenovus Energy saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 17,690,000 shares, an increase of 41.2% from the October 31st total of 12,530,000 shares. Based on an average daily volume of 9,340,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.2% 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 Tuesday, February 8th 2022.
View our earnings forecast for Cenovus Energy
.

How were Cenovus Energy's earnings last quarter?

Cenovus Energy Inc. (NYSE:CVE) announced its quarterly earnings data on Tuesday, November, 2nd. The oil and gas company reported $0.27 earnings per share for the quarter, missing the Zacks' 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 2.17% and a net margin of 2.29%. During the same quarter in the prior year, the firm posted ($0.28) EPS.
View Cenovus Energy's earnings history
.

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

Cenovus Energy declared a quarterly dividend on Thursday, November 4th. Shareholders of record on Wednesday, December 15th will be given a dividend of $0.0282 per share on Friday, December 31st. This represents a $0.11 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Tuesday, December 14th. This is a positive change from Cenovus Energy's previous quarterly dividend of $0.01.
View Cenovus Energy's dividend history
.

Is Cenovus Energy a good dividend stock?

Cenovus Energy pays an annual dividend of $0.06 per share and currently has a dividend yield of 0.48%. The dividend payout ratio of Cenovus Energy is 21.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Cenovus Energy will have a dividend payout ratio of 3.75% next year. This indicates that Cenovus Energy will be able to sustain or increase its dividend.
View Cenovus Energy's dividend history.

What price target have analysts set for CVE?

16 brokers have issued 12 month price objectives for Cenovus Energy's stock. Their forecasts range from $12.00 to $22.00. On average, they expect Cenovus Energy's stock price to reach $17.31 in the next twelve months. This suggests a possible upside of 39.7% 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:
  • Alex Pourbaix, President, CEO & Non-Independent Director
  • Jonathan M. McKenzie, Chief Operating Officer & Executive Vice President
  • Jeffrey R. Hart, Chief Financial Officer & Executive Vice President
  • Drew Zieglgansberger, Executive Vice President-Upstream
  • Sarah Walters, Executive Vice President-Corporate Services

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.

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 shareholders include ConocoPhillips (6.97%), FIL Ltd (2.17%), TD Asset Management Inc. (1.56%), Pzena Investment Management LLC (0.63%), Bank of Nova Scotia (0.62%) and Boston Partners (0.59%).

Which institutional investors are selling Cenovus Energy stock?

CVE stock was sold by a variety of institutional investors in the last quarter, including ConocoPhillips, Connor Clark & Lunn Investment Management Ltd., Two Sigma Investments LP, Marshall Wace LLP, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Pzena Investment Management LLC, Hsbc Holdings PLC, and Cubist Systematic Strategies LLC.

Which institutional investors are buying Cenovus Energy stock?

CVE stock was purchased by a variety of institutional investors in the last quarter, including FIL Ltd, Contrarius Investment Management Ltd, TD Asset Management Inc., Wellington Management Group LLP, Barclays PLC, Boston Partners, Credit Suisse AG, and Point72 Asset Management L.P..

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 $12.39.

How much money does Cenovus Energy make?

Cenovus Energy has a market capitalization of $25.00 billion and generates $10.15 billion in revenue each year. The oil and gas company earns $-1.78 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, via email at [email protected], or via fax at 403-766-7600.


This page was last updated on 11/29/2021 by MarketBeat.com Staff

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