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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Ship carrying grain for hungry Ethiopia leaves Ukraine
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Ship carrying grain for hungry Ethiopia leaves Ukraine
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden's Plan to Confiscate Your Cash? (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Ship carrying grain for hungry Ethiopia leaves Ukraine
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
MUST WATCH: Unusual 3-second financial maneuver (Ad)
Followed 147 Times   Top-Rated Stocks  
NYSE:CVE

Cenovus Energy - CVE Stock Forecast, Price & News

$18.68
+0.12 (+0.65%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$18.09
▼
$18.69
50-Day Range
$15.85
▼
$24.71
52-Week Range
$7.20
▼
$24.91
Volume
6.23 million shs
Average Volume
10.55 million shs
Market Capitalization
$36.42 billion
P/E Ratio
11.68
Dividend Yield
1.78%
Price Target
$26.13

Cenovus Energy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
39.9% 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
0.90mentions of Cenovus Energy in the last 14 days
Based on 6 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.

2.42 out of 5 stars

Oils/Energy Sector

89th out of 258 stocks

Crude Petroleum & Natural Gas Industry

39th out of 80 stocks

See Top Rated MarketRank™ Stocks Here
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.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CVE. Scotiabank boosted their price target on Cenovus Energy from C$25.00 to C$34.00 in a research report on Wednesday, June 8th. Royal Bank of Canada lifted their price target on shares of Cenovus Energy from C$27.00 to C$28.00 in a research report on Thursday, April 28th. StockNews.com raised shares of Cenovus Energy from a "hold" rating to a "buy" rating in a research note on Friday, April 29th. National Bank Financial decreased their price target on shares of Cenovus Energy from C$41.00 to C$38.00 in a research report on Monday, July 18th. Finally, The Goldman Sachs Group increased their price target on Cenovus Energy from $21.00 to $24.00 and gave the company a "buy" rating in a report on Friday, May 20th. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $26.13.

Cenovus Energy Stock Up 0.6 %

Shares of Cenovus Energy stock traded up $0.12 during trading on Friday, reaching $18.68. The company had a trading volume of 6,232,073 shares, compared to its average volume of 10,546,062. The company has a market cap of $36.42 billion, a price-to-earnings ratio of 11.68 and a beta of 2.33. Cenovus Energy has a fifty-two week low of $7.20 and a fifty-two week high of $24.91. The firm's fifty day moving average is $18.90 and its 200-day moving average is $17.98. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.14 and a current ratio of 1.73.

Cenovus Energy Cuts Dividend

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

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CVE Stock News Headlines

August 10, 2022 | seekingalpha.com
Cenovus Energy: Rewriting History
August 10, 2022 | finance.yahoo.com
Cenovus (CVE) Shares Dip 7.6% Despite Earnings Beat in Q2
August 9, 2022 | seekingalpha.com
Cenovus Energy: Prepare For The Cash Flood
August 7, 2022 | americanbankingnews.com
Cenovus Energy (NYSE:CVE) Sees Unusually-High Trading Volume
August 5, 2022 | finance.yahoo.com
Here is What to Know Beyond Why Cenovus Energy Inc (CVE) is a Trending Stock
August 2, 2022 | theglobeandmail.com
Cenovus Energy Inc stock dipped on Friday.
July 31, 2022 | finance.yahoo.com
With EPS Growth And More, Cenovus Energy (TSE:CVE) Makes An Interesting Case
July 31, 2022 | theglobeandmail.com
Cenovus Energy Inc WT stock dipped on Friday.
July 29, 2022 | finance.yahoo.com
Wall Street Analysts Think Cenovus (CVE) Could Surge 29%: Read This Before Placing a Bet
July 28, 2022 | msn.com
Cenovus earnings: Q2 profit hits $2.4B, up nearly 11x year-over-year
July 28, 2022 | finance.yahoo.com
Cenovus Energy (CVE) Q2 Earnings and Revenues Beat Estimates
July 28, 2022 | nasdaq.com
Cenovus Energy posts higher profit on crude price rally
July 28, 2022 | finance.yahoo.com
Cenovus Announces 2022 Second-Quarter Financial and Operating Results
July 28, 2022 | finance.yahoo.com
CANADA STOCKS-TSX futures slip as global mood steadies after Fed rally
July 26, 2022 | finance.yahoo.com
Is a Beat in the Offing for Cenovus (CVE) in Q2 Earnings?
July 25, 2022 | finance.yahoo.com
Cenovus to hold second-quarter conference call and webcast July 28
July 21, 2022 | theglobeandmail.com
Cenovus Energy Inc stock raised on Wednesday.
July 19, 2022 | msn.com
Bank of Canada’s Massive Rate Hike – Time to Sell Oil?
July 18, 2022 | msn.com
2 TSX Energy Stocks to Buy Now Before a Bounce
July 14, 2022 | nasdaq.com
Cenovus Energy Enters Oversold Territory
July 11, 2022 | baystreet.ca
Should You Buy Cenovus Energy on the Dip?
July 7, 2022 | marketwatch.com
Cenovus Energy Inc. stock rises Thursday, outperforms market
July 6, 2022 | marketwatch.com
Cenovus Energy Inc. stock falls Wednesday, underperforms market
July 2, 2022 | theglobeandmail.com
Cenovus Energy Inc WT stock decreased on Thursday.
June 30, 2022 | finance.yahoo.com
Cenovus Energy (CVE) Dips More Than Broader Markets: What You Should Know
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
8/14/2022
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
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Sector
Oils/Energy
Current Symbol
NYSE:CVE
CUSIP
N/A
CIK
1475260
Web
www.cenovus.com
Phone
(403) 766-2000
Fax
403-766-7600
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
+39.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
11 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$1.60
Trailing P/E Ratio
11.68
Forward P/E Ratio
5.48
P/E Growth
N/A
Net Income
$468.37 million
Net Margins
6.51%
Pretax Margin
9.49%
Return on Equity
23.47%
Return on Assets
10.33%

Debt

Debt-to-Equity Ratio
0.44
Current Ratio
1.73
Quick Ratio
1.14

Sales & Book Value

Annual Sales
$36.99 billion
Price / Sales
0.98
Cash Flow
$3.18 per share
Price / Cash Flow
5.88
Book Value
$10.35 per share
Price / Book
1.80

Miscellaneous

Outstanding Shares
1,949,520,000
Free Float
N/A
Market Cap
$36.42 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













CVE Stock - Frequently Asked Questions

Should I buy or sell Cenovus Energy stock right now?

11 Wall Street 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 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 equities research analysts 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 predict the company's stock price to reach $26.13 in the next year. This suggests a possible upside of 39.9% 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 beginning of the year. Since then, CVE stock has increased by 52.1% and is now trading at $18.68.
View the best growth stocks for 2022 here.

Are investors shorting Cenovus Energy?

Cenovus Energy saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 33,580,000 shares, an increase of 27.7% from the June 15th total of 26,300,000 shares. Based on an average daily trading volume, of 10,960,000 shares, the short-interest ratio is presently 3.1 days. Approximately 2.4% of the company's shares are sold short.
View Cenovus Energy's Short Interest.

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 earnings results on Tuesday, November, 2nd. The oil and gas company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.36 by $0.09. The oil and gas company had revenue of $10.67 billion for the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm earned ($0.28) EPS.

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

Cenovus Energy declared 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 annualized dividend 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 1.79%. 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%), Egerton Capital UK LLP (0.94%), Connor Clark & Lunn Investment Management Ltd. (0.93%), Mackenzie Financial Corp (0.86%), Bank of Nova Scotia (0.63%) and Swiss National Bank (0.32%).

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 $18.68.

How much money does Cenovus Energy make?

Cenovus Energy (NYSE:CVE) has a market capitalization of $36.42 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 8/14/2022 by MarketBeat.com Staff

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