NYSE:CVECenovus Energy Stock Price, Forecast & News

Cenovus Energy's stock was trading at $3.01 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CVE shares have increased by 45.2% and is now trading at $4.37. View which stocks have been most impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Cenovus Energy.

Cenovus Energy is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Cenovus Energy.

Cenovus Energy Inc (NYSE:CVE) issued its quarterly earnings data on Thursday, October, 31st. The oil and gas company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.15 by $0.08. The oil and gas company had revenue of $4.70 billion for the quarter, compared to analysts' expectations of $5.33 billion. Cenovus Energy had a net margin of 1.48% and a negative return on equity of 4.25%. The firm's revenue for the quarter was down 20.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.20) earnings per share. View Cenovus Energy's earnings history.

Cenovus Energy declared a quarterly dividend on Wednesday, February 12th. Shareholders of record on Friday, March 13th will be given a dividend of $0.047 per share on Tuesday, March 31st. This represents a $0.19 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Thursday, March 12th. View Cenovus Energy's dividend history.

12 equities research analysts have issued twelve-month target prices for Cenovus Energy's stock. Their forecasts range from $2.70 to $16.00. On average, they expect Cenovus Energy's stock price to reach $10.03 in the next twelve months. This suggests a possible upside of 129.5% from the stock's current price. View analysts' price targets for Cenovus Energy.

News stories about CVE stock have trended very negative on Thursday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Cenovus Energy earned a coverage optimism score of -3.0 on InfoTrie's scale. They also assigned headlines about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutCenovus Energy.

Cenovus Energy saw a decline in short interest in May. As of May 15th, there was short interest totaling 29,730,000 shares, a decline of 25.6% from the April 30th total of 39,980,000 shares. Based on an average daily trading volume, of 10,440,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.4% of the shares of the stock are sold short. View Cenovus Energy's Current Options Chain.

Some companies that are related to Cenovus Energy include Canadian Natural Resources (CNQ), Rwe Ag Sp (RWEOY), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Occidental Petroleum (OXY), Encana (ECA), Concho Resources (CXO), GALP ENERGIA SG/ADR (GLPEY), TORAY INDUSTRIE/ADR (TRYIY), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO) and Apache (APA). View all 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), Micron Technology (MU), Intel (INTC), Exxon Mobil (XOM), Encana (ECA), QUALCOMM (QCOM), Cisco Systems (CSCO) and Enbridge (ENB).

Cenovus Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "CVE."

Cenovus Energy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (5.23%), Pzena Investment Management LLC (1.79%), Invesco Ltd. (1.08%), Capital World Investors (0.86%), Morgan Stanley (0.76%) and Morgan Stanley (0.76%).

CVE stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, First Eagle Investment Management LLC, CIBC Asset Management Inc, Canada Pension Plan Investment Board, Connor Clark & Lunn Investment Management Ltd., Toronto Dominion Bank, Alliancebernstein L.P., and Luminus Management LLC.

CVE stock was acquired by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Morgan Stanley, Morgan Stanley, Russell Investments Group Ltd., Invesco Ltd., Intact Investment Management Inc., Caymus Capital Partners L.P., and Aperio Group LLC.

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, Robinhood, Fidelity, and Charles Schwab.

One share of CVE stock can currently be purchased for approximately $4.37.

Cenovus Energy has a market capitalization of $5.37 billion and generates $15.21 billion in revenue each year. The oil and gas company earns $1.65 billion in net income (profit) each year or $0.28 on an earnings per share basis. Cenovus Energy employs 2,361 workers across the globe.

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

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]