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TSE:CVE

Cenovus Energy (CVE) Stock Forecast, Price & News

C$27.44
-0.04 (-0.15%)
(As of 10/3/2023 ET)
Compare
Today's Range
C$27.06
C$27.57
50-Day Range
C$23.81
C$28.46
52-Week Range
C$20.31
C$29.99
Volume
2.66 million shs
Average Volume
5.25 million shs
Market Capitalization
C$52.14 billion
P/E Ratio
13.86
Dividend Yield
2.04%
Price Target
C$30.78

Cenovus Energy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
12.2% Upside
C$30.78 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.09mentions of Cenovus Energy in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars


CVE stock logo

About Cenovus Energy (TSE:CVE) Stock

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 Price History

CVE Stock News Headlines

Closing Bell: Cenovus Energy Inc flat on Friday (CVE-PR-B)
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Closing Bell: Cenovus Energy Inc WT down on Monday (CVE-WT)
3 Nuclear Fusion Stocks to Buy Right Now
Assessing the Dividend Performance of Cenovus Energy Inc
Cenovus Energy Inc.
Closing Bell: Cenovus Energy Inc up on Monday (CVE-PR-A)
TSX Ends Marginally Higher For 2nd Straight Day
Closing Bell: Cenovus Energy Inc up on Friday (CVE-PR-G)
See More Headlines
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CVE Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 9/29 Dividend
9/14/2023
Dividend Payable
9/29/2023
Today
10/03/2023
Next Earnings (Estimated)
11/01/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
C$30.78
High Stock Price Forecast
C$35.00
Low Stock Price Forecast
C$26.00
Forecasted Upside/Downside
+12.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
11 Analysts

Profitability

Net Income
C$3.86 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$56.03 billion
Cash Flow
C$2.00 per share
Book Value
C$14.11 per share

Miscellaneous

Outstanding Shares
1,900,000,000
Free Float
N/A
Market Cap
C$52.14 billion
Optionable
Optionable
Beta
2.85
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Key Executives

  • Mr. Alexander J. PourbaixMr. Alexander J. Pourbaix (Age 57)
    Exec. Chair
    Comp: $3.26M
  • Mr. Jonathan M. McKenzie CA (Age 55)
    Pres, CEO & Non-Independent Director
    Comp: $1.51M
  • Mr. Keith A. Chiasson
    Exec. VP & COO
  • Mr. Joseph Drew Zieglgansberger
    Exec. VP & Chief Commercial Officer
  • Mr. Jeffrey Ryan HartMr. Jeffrey Ryan Hart
    Exec. Vice-Pres of Corp. & Operations Services
  • Mr. Kam S. Sandhar CA
    Exec. VP of Strategy & Corp. Devel. and CFO
  • Ms. Sherry A. Wendt
    Director of Investor Relations
  • Mr. Gary Frederick Molnar
    Sr. VP of Legal, Gen. Counsel & Corp. Sec.
  • Ms. Susan M. Anderson
    Sr. Vice-Pres of People Services
  • Ms. Rhona M. Delfrari
    Chief Sustainability Officer & Exec. VP of Stakeholder Engagement













CVE Stock - Frequently Asked Questions

Should I buy or sell Cenovus Energy stock right now?

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.

What is Cenovus Energy's stock price forecast for 2023?

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.

How have CVE shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Cenovus Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our CVE earnings forecast
.

How were Cenovus Energy's earnings last quarter?

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%.

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

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
.

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 2.06%. The dividend payout ratio is 28.28%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CVE.

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).

What is Cenovus Energy's stock symbol?

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

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.

What is Cenovus Energy's stock price today?

One share of CVE stock can currently be purchased for approximately C$27.44.

How much money does Cenovus Energy make?

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.

How many employees does Cenovus Energy have?

The company employs 5,998 workers across the globe.

How can I contact Cenovus Energy?

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.

This page (TSE:CVE) was last updated on 10/3/2023 by MarketBeat.com Staff

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