NYSE:CVE - Cenovus Energy Stock Price, Forecast & News

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

Cenovus Energy declared a quarterly dividend on Wednesday, February 12th. Investors of record on Friday, March 13th will be paid 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 2.55%. The ex-dividend date of this dividend is Thursday, March 12th. View Cenovus Energy's Dividend History.

Cenovus Energy Inc (NYSE:CVE) released its earnings results on Thursday, October, 31st. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 2.43% and a net margin of 10.38%. Cenovus Energy's revenue was down 20.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.20) EPS. View Cenovus Energy's Earnings History.

Cenovus Energy is scheduled to release their next quarterly earnings announcement on Wednesday, April 22nd 2020. View Earnings Estimates for Cenovus Energy.

9 equities research analysts have issued 1 year price objectives for Cenovus Energy's stock. Their forecasts range from $12.00 to $17.50. On average, they expect Cenovus Energy's share price to reach $14.71 in the next twelve months. This suggests a possible upside of 99.7% from the stock's current price. View Analyst Price Targets for Cenovus Energy.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cenovus Energy.

Media coverage about CVE stock has been trending extremely negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cenovus Energy earned a media sentiment score of -4.6 on InfoTrie's scale. They also gave news coverage 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 next few days. View News Stories for Cenovus Energy.

Some companies that are related to Cenovus Energy include The Hong Kong and China Gas (HOKCY), Canadian Natural Resources (CNQ), Occidental Petroleum (OXY), Rwe Ag Sp (RWEOY), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Encana (ECA), Concho Resources (CXO), GALP ENERGIA SG/ADR (GLPEY), Diamondback Energy (FANG), Apache (APA), TORAY INDUSTRIE/ADR (TRYIY), Sasol (SSL), Continental Resources (CLR) and Noble Energy (NBL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cenovus Energy investors own include Bank of America (bac), Encana (ECA), General Electric (GE), Suncor Energy (SU), Intel (INTC), AT&T (T), Enbridge (ENB), Ford Motor (F), Barrick Gold (GOLD) and Crescent Point Energy (CPG).

Cenovus Energy's stock is owned by many different of institutional and retail investors. Top institutional shareholders include FMR LLC (7.54%), Capital World Investors (4.41%), Capital Research Global Investors (4.34%), Letko Brosseau & Associates Inc. (3.18%), TD Asset Management Inc. (3.11%) and Capital International Investors (2.56%).

CVE stock was sold by a variety of institutional investors in the last quarter, including Letko Brosseau & Associates Inc., Russell Investments Group Ltd., FIL Ltd, Man Group plc, QV Investors Inc., Renaissance Technologies LLC, Korea Investment CORP and Cubist Systematic Strategies LLC.

CVE stock was purchased by a variety of institutional investors in the last quarter, including Credit Suisse AG, Connor Clark & Lunn Investment Management Ltd., Pzena Investment Management LLC, Cidel Asset Management Inc., Schonfeld Strategic Advisors LLC, Hotchkis & Wiley Capital Management LLC, Public Sector Pension Investment Board and Capital International Investors.

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 $7.37.

Cenovus Energy has a market capitalization of $9.06 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.View Additional Information About Cenovus Energy.

The official website for Cenovus Energy is http://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]