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 and natural gas in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:CVE
CUSIPN/A
Phone403-766-2000
Debt
Debt-to-Equity Ratio0.50
Current Ratio1.12
Quick Ratio0.72
Price-To-Earnings
Trailing P/E Ratio-515.00
Forward P/E Ratio-64.94
P/E GrowthN/A
Sales & Book Value
Annual Sales$13.14 billion
Price / Sales0.97
Cash Flow$1.2533 per share
Price / Cash8.29
Book Value$12.54 per share
Price / Book0.83
Profitability
EPS (Most Recent Fiscal Year)($0.02)
Net Income$2.60 billion
Net Margins13.13%
Return on Equity-3.24%
Return on Assets-1.52%
Miscellaneous
Employees2,882
Outstanding Shares1,228,700,000
Market Cap$12,766.18
Cenovus Energy (NYSE:CVE) Frequently Asked Questions
What is Cenovus Energy's stock symbol?
Cenovus Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "CVE."
How often does Cenovus Energy pay dividends? What is the dividend yield for Cenovus Energy?
Cenovus Energy announced a quarterly dividend on Friday, April 27th. Shareholders of record on Friday, June 15th will be paid a dividend of $0.0389 per share on Friday, June 29th. This represents a $0.16 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, June 14th. View Cenovus Energy's Dividend History.
How were Cenovus Energy's earnings last quarter?
Cenovus Energy Inc (NYSE:CVE) released its quarterly earnings results on Wednesday, April, 25th. The oil and gas company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.35. The oil and gas company earned $3.72 billion during the quarter, compared to analyst estimates of $3.88 billion. Cenovus Energy had a negative return on equity of 3.24% and a net margin of 13.13%. During the same quarter last year, the business posted ($0.05) earnings per share. View Cenovus Energy's Earnings History.
When is Cenovus Energy's next earnings date?
What price target have analysts set for CVE?
11 Wall Street analysts have issued 12-month target prices for Cenovus Energy's stock. Their forecasts range from $9.00 to $17.00. On average, they expect Cenovus Energy's stock price to reach $14.70 in the next twelve months. This suggests a possible upside of 41.5% from the stock's current price. View Analyst Ratings for Cenovus Energy.
What is the consensus analysts' recommendation for Cenovus Energy?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
Are investors shorting Cenovus Energy?
Cenovus Energy saw a drop in short interest in June. As of June 15th, there was short interest totalling 25,656,530 shares, a drop of 13.7% from the May 31st total of 29,723,832 shares. Based on an average trading volume of 3,905,377 shares, the days-to-cover ratio is currently 6.6 days. View Cenovus Energy's Current Options Chain.
Who are some of Cenovus Energy's key competitors?
Some companies that are related to Cenovus Energy include Canadian Natural Resource (CNQ), Ecopetrol (EC), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), WOODSIDE Pet Lt/ADR (WOPEY), Sasol (SSL), Devon Energy (DVN), Continental Resources (CLR), Concho Resources (CXO), Apache (APA), Marathon Oil (MRO), Noble Energy (NBL), Rwe Ag Sp (RWEOY) and GALP ENERGIA SG/ADR (GLPEY).
Who are Cenovus Energy's key executives?
Cenovus Energy's management team includes the folowing people:
- Mr. Alexander J. Pourbaix, CEO, Pres & Director (Age 52)
- Mr. Harbir Singh Chhina, Exec. VP & CTO
- Mr. Jonathan M. McKenzie, Exec. VP & CFO (Age 50)
- Mr. Kam S. Sandhar CA, VP of Investor Relations & Corp. Devel.
- Mr. Alan Craig Reid, Exec. VP of Stakeholder Engagement, Safety & Legal and Gen. Counsel
Has Cenovus Energy been receiving favorable news coverage?
News coverage about CVE stock has been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cenovus Energy earned a daily sentiment score of 0.09 on Accern's scale. They also assigned media headlines about the oil and gas company an impact score of 46.32 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Cenovus Energy's major shareholders?
Cenovus Energy's stock is owned by a number of of institutional and retail investors. Top institutional investors include Hexavest Inc. (0.42%), Nexus Investment Management Inc. (0.12%), DORCHESTER WEALTH MANAGEMENT Co (0.04%), Montrusco Bolton Investments Inc. (0.03%), Assenagon Asset Management S.A. (0.01%) and Meag Munich Ergo Kapitalanlagegesellschaft MBH (0.01%). View Institutional Ownership Trends for Cenovus Energy.
Which institutional investors are selling Cenovus Energy stock?
Which institutional investors are buying Cenovus Energy stock?
CVE stock was purchased by a variety of institutional investors in the last quarter, including Montrusco Bolton Investments Inc., Nexus Investment Management Inc., Assenagon Asset Management S.A., Webster Bank N. A., Addenda Capital Inc., Addenda Capital Inc. and V Wealth Management LLC. View Insider Buying and Selling for Cenovus Energy.
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, Scottrade, Fidelity and Charles Schwab.
What is Cenovus Energy's stock price today?
One share of CVE stock can currently be purchased for approximately $10.39.
How big of a company is Cenovus Energy?
Cenovus Energy has a market capitalization of $12.77 billion and generates $13.14 billion in revenue each year. The oil and gas company earns $2.60 billion in net income (profit) each year or ($0.02) on an earnings per share basis. Cenovus Energy employs 2,882 workers across the globe.
How can I contact Cenovus Energy?
Cenovus Energy's mailing address is 2600 500 CENTRE STREET S.E., CALGARY A0, T2G 1A6. 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)
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.
