Cenovus Energy Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There are currently 8 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Cenovus Energy stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CVE, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Cenovus Energy a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Cenovus Energy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Cenovus Energy is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Cenovus Energy.

Cenovus Energy Inc. (NYSE:CVE) announced its quarterly earnings results on Monday, February, 8th. The oil and gas company reported ($0.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.08) by $0.27. Cenovus Energy had a negative net margin of 14.15% and a negative trailing twelve-month return on equity of 12.48%. During the same period in the prior year, the firm earned $0.09 earnings per share.
View Cenovus Energy's earnings history.

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 stock has increased by 170.1% and is now trading at $8.13.
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Cenovus Energy announced a quarterly dividend on Wednesday, February 10th. Investors of record on Monday, March 15th will be given a dividend of $0.0137 per share on Wednesday, March 31st. This represents a $0.05 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, March 12th.
View Cenovus Energy's dividend history.

Cenovus Energy pays an annual dividend of $0.05 per share and currently has a dividend yield of 0.61%. The dividend payout ratio of Cenovus Energy is 17.86%. This payout ratio is at a healthy, sustainable level, below 75%.
View Cenovus Energy's dividend history.

15 brokers have issued 12-month price targets for Cenovus Energy's stock. Their forecasts range from $5.50 to $11.00. On average, they expect Cenovus Energy's stock price to reach $8.02 in the next year. This suggests that the stock has a possible downside of 1.4%.
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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 CNOOC (CEO), PETROLEO BRASIL/S (PBR.A), Petróleo Brasileiro S.A. - Petrobras (PBR), ENI (E), EOG Resources (EOG), Canadian Natural Resources (CNQ), Occidental Petroleum (OXY), Ecopetrol (EC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), RWE Aktiengesellschaft (RWEOY), Denbury (DEN), Woodside Petroleum (WOPEY), Devon Energy (DVN) and Diamondback Energy (FANG).
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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 a number of institutional and retail investors. Top institutional shareholders include FIL Ltd (3.28%), Letko Brosseau & Associates Inc. (2.35%), Pzena Investment Management LLC (1.37%), CIBC World Markets Inc. (0.69%), Toronto Dominion Bank (0.55%) and The Manufacturers Life Insurance Company (0.47%).

CVE stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Sumitomo Mitsui Trust Holdings Inc., Letko Brosseau & Associates Inc., Morgan Stanley, Pzena Investment Management LLC, Alliancebernstein L.P., Russell Investments Group Ltd., and Bank of New York Mellon Corp.

CVE stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Mackenzie Financial Corp, Amundi Pioneer Asset Management Inc., Schroder Investment Management Group, Maple Rock Capital Partners Inc., Canada Pension Plan Investment Board, Barclays PLC, and Waratah Capital Advisors Ltd..

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.
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One share of CVE stock can currently be purchased for approximately $8.13.

Cenovus Energy has a market capitalization of $16.40 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 2,413 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]