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“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Biden's Plan to Confiscate Your Cash? (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Is DoorDash Ready To Sprint Higher? 
Closing prices for crude oil, gold and other commodities
Biden's Plan to Confiscate Your Cash? (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Biden's Plan to Confiscate Your Cash? (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Is DoorDash Ready To Sprint Higher? 
Closing prices for crude oil, gold and other commodities
Biden's Plan to Confiscate Your Cash? (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Biden's Plan to Confiscate Your Cash? (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Is DoorDash Ready To Sprint Higher? 
Closing prices for crude oil, gold and other commodities
Biden's Plan to Confiscate Your Cash? (Ad)
TSE:CVE

Cenovus Energy - CVE Stock Forecast, Price & News

C$21.99
+0.73 (+3.43%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
C$21.13
C$22.22
50-Day Range
C$20.70
C$30.95
52-Week Range
C$9.23
C$31.19
Volume
6.28 million shs
Average Volume
8.15 million shs
Market Capitalization
C$42.46 billion
P/E Ratio
10.67
Dividend Yield
1.98%
Price Target
C$28.08

Cenovus Energy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
27.7% Upside
C$28.08 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
C$15.11 M Sold Last Quarter
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.

2.36 out of 5 stars

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.

Analysts Set New Price Targets

CVE has been the topic of several recent analyst reports. CIBC increased their target price on shares of Cenovus Energy from C$30.00 to C$34.00 in a research note on Thursday, June 9th. National Bankshares cut their price objective on shares of Cenovus Energy from C$41.00 to C$38.00 and set an "outperform" rating for the company in a report on Monday, July 18th. ATB Capital raised their price target on shares of Cenovus Energy from C$31.00 to C$33.00 and gave the stock an "outperform" rating in a report on Thursday, April 28th. Royal Bank of Canada raised their price target on shares of Cenovus Energy from C$27.00 to C$28.00 and gave the stock an "outperform" rating in a report on Thursday, April 28th. Finally, BMO Capital Markets raised their price target on shares of Cenovus Energy from C$26.00 to C$30.00 in a report on Thursday, April 28th. Sixteen analysts have rated the stock with a buy rating, According to MarketBeat.com, Cenovus Energy has a consensus rating of "Buy" and an average price target of C$28.08.

Cenovus Energy Price Performance

CVE Stock traded up C$0.66 during trading on Monday, reaching C$21.92. 3,398,670 shares of the company were exchanged, compared to its average volume of 8,129,444. Cenovus Energy has a 52-week low of C$9.23 and a 52-week high of C$31.19. The company has a market cap of C$42.33 billion and a P/E ratio of 10.37. The company has a debt-to-equity ratio of 53.62, a quick ratio of 1.08 and a current ratio of 1.73. The stock's 50 day moving average price is C$25.09 and its 200 day moving average price is C$22.85.

Cenovus Energy (TSE:CVE - Get Rating) (NYSE:CVE) last announced its quarterly earnings data on Thursday, July 28th. The company reported C$1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.15 by C$0.04. The firm had revenue of C$19.17 billion for the quarter, compared to analysts' expectations of C$16.97 billion. As a group, analysts predict that Cenovus Energy will post 4.3400002 earnings per share for the current fiscal year.

Cenovus Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Wednesday, September 14th. Cenovus Energy's payout ratio is 9.34%.

Insider Activity at Cenovus Energy

In related news, Director Alex Pourbaix sold 300,000 shares of the company's stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of C$27.45, for a total transaction of C$8,234,490.00. Following the completion of the transaction, the director now owns 955,900 shares of the company's stock, valued at C$26,237,829.97. In related news, Director Alex Pourbaix sold 300,000 shares of the company's stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of C$27.45, for a total transaction of C$8,234,490.00. Following the completion of the transaction, the director now owns 955,900 shares of the company's stock, valued at C$26,237,829.97. Also, Senior Officer Gary Frederick Molnar sold 36,036 shares of the company's stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of C$25.00, for a total transaction of C$900,900.00. Following the transaction, the insider now directly owns 42,991 shares of the company's stock, valued at approximately C$1,074,775. Over the last 90 days, insiders have sold 560,183 shares of company stock valued at $15,112,565.

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CVE Stock News Headlines

Cenovus Energy (TSE:CVE) Price Target Raised to C$36.00
Cenovus Energy Inc WT stock advanced on Wednesday.
What Are Whales Doing With Cenovus Energy
Cenovus Energy Inc WT stock decreased on Tuesday.
Cenovus Energy: Potential Is There, But Not Now
Cenovus Energy Attracts Big Money
Cenovus Energy: Finally Mr. Market Responds
See More Headlines
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CVE Company Calendar

Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Last Earnings
7/28/2022
Today
8/09/2022
Ex-Dividend for 9/29 Dividend
9/14/2022
Dividend Payable
9/29/2022
Next Earnings (Estimated)
11/02/2022

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$28.08
High Stock Price Forecast
C$38.00
Low Stock Price Forecast
C$14.50
Forecasted Upside/Downside
+27.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
16 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$61.79 billion
Cash Flow
C$2.03 per share
Book Value
C$13.21 per share

Miscellaneous

Outstanding Shares
1,931,000,000
Free Float
N/A
Market Cap
C$42.46 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Alexander J. Pourbaix (Age 56)
    CEO, Pres & Director
    Comp: $4.24M
  • Mr. Jeffrey Ryan Hart
    Exec. VP & CFO
  • Mr. Jonathan M. McKenzie (Age 54)
    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?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There are currently 16 buy ratings for the stock. The consensus among Wall Street 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 2022?

16 brokerages have issued 1 year target prices for Cenovus Energy's stock. Their CVE share price forecasts range from C$14.50 to C$38.00. On average, they anticipate the company's stock price to reach C$28.08 in the next twelve months. This suggests a possible upside of 27.7% from the stock's current price.
View analysts price targets for CVE
or view top-rated stocks among Wall Street analysts.

How has Cenovus Energy's stock performed in 2022?

Cenovus Energy's stock was trading at C$15.51 at the beginning of the year. Since then, CVE stock has increased by 41.8% and is now trading at C$21.99.
View the best growth stocks for 2022 here
.

When is Cenovus Energy's next earnings date?

Cenovus Energy is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our CVE earnings forecast
.

How were Cenovus Energy's earnings last quarter?

Cenovus Energy Inc. (TSE:CVE) released its earnings results on Thursday, July, 28th. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. The business had revenue of $19.17 billion for the quarter, compared to analysts' expectations of $16.97 billion.

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

Cenovus Energy declared a quarterly dividend on Wednesday, July 27th. Investors of record on Thursday, September 15th will be given a dividend of 0.105 per share on Thursday, September 29th. This represents a $0.42 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, 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$0.19 per share and currently has a dividend yield of 1.98%. The dividend payout ratio is 9.34%. 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$21.99.

How much money does Cenovus Energy make?

Cenovus Energy (TSE:CVE) has a market capitalization of C$42.46 billion and generates C$61.79 billion in revenue each year.

How many employees does Cenovus Energy have?

Cenovus Energy 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 8/9/2022 by MarketBeat.com Staff

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