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TSE:CVE

Cenovus Energy - CVE Stock Forecast, Price & News

C$25.59
-0.99 (-3.72%)
(As of 02/1/2023 12:00 AM ET)
Add
Compare
Today's Range
C$25.30
C$26.64
50-Day Range
C$24.19
C$27.68
52-Week Range
C$17.89
C$31.19
Volume
6.42 million shs
Average Volume
4.92 million shs
Market Capitalization
C$49.10 billion
P/E Ratio
9.80
Dividend Yield
1.73%
Price Target
C$31.85

CVE stock logo

About Cenovus Energy (TSE:CVE) Stock

Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region. The company operates through Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segments Foster Creek, Christina Lake, Sunrise, and Tucker oil sands projects, as well as Lloydminster thermal and conventional heavy oil assets The Conventional segment holds 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 the exploration and development activities. The Canadian Manufacturing segment includes the owned and operated Lloydminster upgrading and asphalt refining complex, which upgrades heavy oil and bitumen into synthetic crude oil, diesel fuel, asphalt, and other ancillary products, as well as owns and operates the Bruderheim crude-by-rail terminal and two ethanol plants. The U.S. Manufacturing segment comprises the refining of crude oil to produce diesel, gasoline, jet fuel, asphalt, and other products. The Retail segment consists of marketing of its own and third-party refined petroleum products through retail, commercial, and bulk petroleum outlets, as well as wholesale channels. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.

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CVE Stock News Headlines

This Stock Has Room To Run
Analysts believe this stock's product demand could rise quickly in the next few years.
This Stock Has Room To Run
Analysts believe this stock's product demand could rise quickly in the next few years.
Cenovus Energy: +6% Yield Could Be On The Cards
Raymond James Reaffirms Their Buy Rating on Cenovus Energy (CVE)
TSX Ends Notably Lower On Recession Fears
TSX Ends On Weak Note Despite Recovering From Day's Lows
See More Headlines
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CVE Company Calendar

Ex-Dividend for 12/2 Dividend
11/17/2022
Dividend Payable
12/02/2022
Ex-Dividend for 12/30 Dividend
12/14/2022
Dividend Payable
12/30/2022
Today
2/02/2023
Next Earnings (Confirmed)
2/16/2023

Industry, Sector and Symbol

Industry
Major Integrated Oil & Gas
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
5,938
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$31.85
High Stock Price Forecast
C$37.00
Low Stock Price Forecast
C$22.00
Forecasted Upside/Downside
+24.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
10 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$66.56 billion
Cash Flow
C$1.87 per share
Book Value
C$14.17 per share

Miscellaneous

Outstanding Shares
1,918,887,000
Free Float
N/A
Market Cap
C$49.10 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Alexander J. PourbaixMr. Alexander J. Pourbaix (Age 57)
    CEO, Pres & Director
    Comp: $4.24M
  • Mr. Jeffrey Ryan HartMr. Jeffrey Ryan Hart
    Exec. VP & CFO
  • Mr. Jonathan M. McKenzieMr. Jonathan M. McKenzie (Age 55)
    Exec. VP & COO
    Comp: $1.79M
  • Mr. Joseph Drew Zieglgansberger
    Exec. VP of Natural Gas & Technical Services
  • Mr. Keith A. Chiasson
    Exec. VP of Downstream
  • Ms. Sherry A. Wendt
    Director of Investor Relations
  • Mr. Gary Frederick Molnar
    Sr. VP of Legal, Gen. Counsel & Corp. Sec.
  • Mr. Kam S. Sandhar CA
    Exec. VP of Strategy & Corp. Devel.
  • Ms. Susan Anderson
    Sr. Vice-Pres of People Services
  • Mr. Alan Craig Reid
    Advisor













CVE Stock - Frequently Asked Questions

Should I buy or sell Cenovus Energy stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There are currently 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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?

10 Wall Street analysts have issued twelve-month price objectives for Cenovus Energy's shares. Their CVE share price forecasts range from C$22.00 to C$37.00. On average, they predict the company's stock price to reach C$31.85 in the next twelve months. This suggests a possible upside of 24.4% 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 2023?

Cenovus Energy's stock was trading at C$26.27 at the beginning of 2023. Since then, CVE stock has decreased by 2.6% and is now trading at C$25.59.
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 Thursday, February 16th 2023.
View our CVE earnings forecast
.

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

Cenovus Energy announced a quarterly dividend on Wednesday, December 14th. Stockholders of record on Friday, December 30th will be paid a dividend of 0.105 per share on Friday, December 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Wednesday, December 14th.
Read our dividend analysis for CVE
.

Is Cenovus Energy a good dividend stock?

Cenovus Energy (TSE:CVE) pays an annual dividend of C$0.28 per share and currently has a dividend yield of 1.73%. The dividend payout ratio is 10.73%. 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$25.59.

How much money does Cenovus Energy make?

Cenovus Energy (TSE:CVE) has a market capitalization of C$49.10 billion and generates C$66.56 billion in revenue each year.

How many employees does Cenovus Energy have?

The company employs 5,938 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 2/2/2023 by MarketBeat.com Staff