Cenovus Energy (CVE) Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 1 hold rating, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CVE shares.
View CVE analyst ratings or view top-rated stocks.

11 analysts have issued twelve-month price objectives for Cenovus Energy's stock. Their CVE share price forecasts range from C$26.00 to C$35.00. On average, they predict the company's stock price to reach C$30.78 in the next year. This suggests a possible upside of 12.2% from the stock's current price.
View analysts price targets for CVE or view top-rated stocks among Wall Street analysts.

Cenovus Energy's stock was trading at C$26.27 at the beginning of 2023. Since then, CVE stock has increased by 4.5% and is now trading at C$27.44.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our CVE earnings forecast.

Cenovus Energy Inc. (TSE:CVE) released its quarterly earnings data on Thursday, July, 27th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. The business had revenue of $12.23 billion for the quarter, compared to analysts' expectations of $12.91 billion. Cenovus Energy had a net margin of 6.95% and a trailing twelve-month return on equity of 14.54%.

Cenovus Energy declared a quarterly dividend on Thursday, September 14th. Investors of record on Friday, September 29th will be paid a dividend of 0.14 per share on Friday, September 29th. This represents a $0.56 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for CVE.

Cenovus Energy (TSE:CVE) pays an annual dividend of C$0.56 per share and currently has a dividend yield of 2.06%. The dividend payout ratio is 28.28%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CVE.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cenovus Energy investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), Vermilion Energy (VET), Air Canada (AC), AbbVie (ABBV), Toronto-Dominion Bank (TD), Intelsat (I) and Bank of America (BAC).

Cenovus Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CVE."

Shares of CVE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of CVE stock can currently be purchased for approximately C$27.44.

Cenovus Energy (TSE:CVE) has a market capitalization of C$52.14 billion and generates C$56.03 billion in revenue each year. The company earns C$3.86 billion in net income (profit) each year or C$1.98 on an earnings per share basis.

The company employs 5,998 workers across the globe.

Cenovus Energy's mailing address is 500 Centre Street SE, Stn M PO Box 766, CALGARY, AB T2P 0M5, Canada. The official website for the company is www.cenovus.com. The company can be reached via phone at +1-403-7662000.