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TSE:CVE

Cenovus Energy (CVE) Stock Price, News & Analysis

C$23.74
+0.11 (+0.47%)
(As of 02/22/2024 ET)
Today's Range
C$23.38
C$23.90
50-Day Range
C$20.06
C$23.63
52-Week Range
C$19.82
C$29.18
Volume
3.62 million shs
Average Volume
4.41 million shs
Market Capitalization
C$44.39 billion
P/E Ratio
11.20
Dividend Yield
2.36%
Price Target
C$30.96

Cenovus Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
30.4% Upside
C$30.96 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.10mentions of Cenovus Energy in the last 14 days
Based on 13 Articles This Week
Insider Trading
Acquiring Shares
C$1.73 M Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.81 out of 5 stars


CVE stock logo

About Cenovus Energy Stock (TSE:CVE)

Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil and natural gas in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Manufacturing, and U.S. Manufacturing segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segment assets include Foster Creek, Christina Lake, and Sunrise projects, as well as Lloydminster thermal and conventional heavy oil assets. The Conventional segment holds natural gas liquids and natural gas assets primarily located in Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake operating in Alberta and British Columbia, as well as interests in various natural gas processing facilities. The offshore segment engages in offshore operation, exploration, and development activities in China and the East Coast of Canada. The Canadian Manufacturing segment comprises the owned and operated Lloydminster upgrading and asphalt refining complex, which converts heavy oil and bitumen into synthetic crude oil, diesel, asphalt, and other ancillary products, as well as owns and operates the Bruderheim crude-by-rail terminal and ethanol plants; and markets its production of its own and third-party products. The U.S. Manufacturing segment includes the refining of crude oil to produce gasoline, diesel, jet fuel, asphalt, and other products. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.

CVE Stock Price History

CVE Stock News Headlines

CVE Feb 2024 12.000 put
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Cenovus Energy (TSE:CVE) PT Raised to C$29.00
US banks adopt radical new technology (growing 24,290%)
A century and a half ago, Western Union launched the first electronic wire transfers&... and became one of the first stock market giants in American history. Now, major US banks are adopting a similarly new and powerful technology.
Cenovus Energy Q4 Results Top Estimates; Declares Dividend
Cenovus Energy declares CAD 0.14 dividend
CVE Mar 2024 19.000 call
CVE Mar 2024 13.000 put
CVE Jun 2024 25.000 call
Cenovus Energy (CVE) Set to Announce Earnings on Thursday
What's in Store for Cenovus Energy (CVE) in Q4 Earnings?
Cenovus Energy Inc (CVE)
CENOVUS ENERGY INC (CNVEF)
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Last Earnings
2/15/2024
Today
2/22/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
4/24/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas Integrated
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
5,998
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$30.96
High Stock Price Target
C$37.00
Low Stock Price Target
C$27.00
Potential Upside/Downside
+30.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
9 Analysts

Profitability

Net Income
C$4.07 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$52.20 billion
Cash Flow
C$1.73 per share
Book Value
C$15.05 per share

Miscellaneous

Outstanding Shares
1,870,000,000
Free Float
N/A
Market Cap
C$44.36 billion
Optionable
Not Optionable
Beta
2.80
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Key Executives

Should I Buy Cenovus Energy Stock? CVE Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Cenovus Energy was last updated on Thursday, February 15, 2024 at 12:43 PM.

Pros

Here are some ways that investors could benefit from investing in Cenovus Energy Inc.:

  • Cenovus Energy Inc. is a leading energy company that develops, produces, refines, transports, and markets crude oil and natural gas in Canada and internationally.
  • The company has a strong track record of success and has been in operation since 2009.
  • Cenovus Energy Inc. has a diverse portfolio of assets, including oil sands, conventional oil, and natural gas, which provides stability and potential for growth.
  • The company has a vertically integrated business model, which means it is involved in all aspects of the oil and gas value chain, from exploration and production to refining and marketing.
  • Cenovus Energy Inc. has a strong focus on sustainability and environmental stewardship, which can be attractive to socially responsible investors.

Cons

Investors should be bearish about investing in Cenovus Energy Inc. for these reasons:

  • The energy industry is subject to volatility and fluctuations in commodity prices, which can impact the financial performance of Cenovus Energy Inc.
  • The company's operations are primarily focused on Canada, which exposes it to regulatory and political risks specific to that country.
  • There is increasing global concern about climate change and the transition to renewable energy sources, which could impact the long-term demand for fossil fuels.
  • Cenovus Energy Inc. faces competition from other energy companies in the market, which could affect its market share and profitability.
  • Investing in the energy sector carries inherent risks, including the potential for accidents, environmental liabilities, and regulatory challenges.














CVE Stock Analysis - Frequently Asked Questions

Should I buy or sell Cenovus Energy stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CVE shares.
View CVE analyst ratings
or view top-rated stocks.

What is Cenovus Energy's stock price target for 2024?

9 Wall Street research analysts have issued 12-month price targets for Cenovus Energy's stock. Their CVE share price targets range from C$27.00 to C$37.00. On average, they anticipate the company's stock price to reach C$30.96 in the next twelve months. This suggests a possible upside of 30.4% from the stock's current price.
View analysts price targets for CVE
or view top-rated stocks among Wall Street analysts.

How have CVE shares performed in 2024?

Cenovus Energy's stock was trading at C$22.08 on January 1st, 2024. Since then, CVE shares have increased by 7.5% and is now trading at C$23.74.
View the best growth stocks for 2024 here
.

When is Cenovus Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our CVE earnings forecast
.

How were Cenovus Energy's earnings last quarter?

Cenovus Energy Inc. (TSE:CVE) posted its earnings results on Thursday, February, 15th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. Cenovus Energy had a trailing twelve-month return on equity of 14.60% and a net margin of 7.87%. During the same quarter in the previous year, the firm posted $0.39 EPS.

How often does Cenovus Energy pay dividends? What is the dividend yield for Cenovus Energy?

Cenovus Energy declared a quarterly dividend on Thursday, February 15th. Investors of record on Friday, March 15th will be given a dividend of 0.14 per share on Thursday, March 28th. This represents a $0.56 annualized dividend and a yield of 2.36%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for CVE
.

Is Cenovus Energy a good dividend stock?

Cenovus Energy (TSE:CVE) pays an annual dividend of C$0.56 per share and currently has a dividend yield of 2.37%. The dividend payout ratio is 26.42%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CVE.

What other stocks do shareholders of Cenovus Energy own?

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).

How do I buy shares of Cenovus Energy?

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.
Compare Top Brokerages Here.

This page (TSE:CVE) was last updated on 2/22/2024 by MarketBeat.com Staff