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TSE:CVE - Cenovus Energy Stock Price, Forecast & News

C$2.35
-0.31 (-11.65 %)
(As of 03/29/2020 05:50 AM ET)
Today's Range
C$2.31
Now: C$2.35
C$2.63
50-Day Range
C$2.35
MA: C$8.11
C$12.23
52-Week Range
C$2.06
Now: C$2.35
C$14.31
Volume18.29 million shs
Average Volume7.56 million shs
Market CapitalizationC$2.89 billion
P/E Ratio1.32
Dividend Yield9.40%
BetaN/A
Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company's Oil Sands segment develops and produces bitumen in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development, such as Telephone Lake. This segment also holds the Athabasca natural gas assets. Its Deep Basin segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas of British Columbia and Alberta, and include interests in natural gas processing facilities. The company's Refining and Marketing segment transports, sells, and refines crude oil into petroleum and chemical products. This segment owns a 50% interest ownership in two refineries in the United States; owns and operates a crude-by-rail terminal in Alberta; and markets third-party purchases and sales of product. Cenovus Energy Inc. is headquartered in Calgary, Canada.
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Cenovus Energy logo

Industry, Sector and Symbol

Industry Major Integrated Oil & Gas
Sub-IndustryN/A
SectorBasic Materials
CUSIPN/A
CIKN/A
Phone+1-403-7662000

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesC$20.18 billion
Cash FlowC$0.13 per share
Book ValueC$15.63 per share

Profitability

Miscellaneous

Employees2,264
Outstanding Shares1,228,803,000
Market CapC$2.89 billion
Next Earnings Date4/29/2020 (Confirmed)
OptionableOptionable

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Cenovus Energy (TSE:CVE) Frequently Asked Questions

How has Cenovus Energy's stock been impacted by COVID-19 (Coronavirus)?

Cenovus Energy's stock was trading at C$4.16 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CVE stock has decreased by 43.5% and is now trading at C$2.35. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cenovus Energy?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. There are currently 1 sell rating, 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cenovus Energy.

When is Cenovus Energy's next earnings date?

Cenovus Energy is scheduled to release its next quarterly earnings announcement on Wednesday, April 29th 2020. View our earnings forecast for Cenovus Energy.

How were Cenovus Energy's earnings last quarter?

Cenovus Energy Inc (TSE:CVE) posted its earnings results on Wednesday, February, 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.10 by $0.23. The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.40 billion. View Cenovus Energy's earnings history.

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

Cenovus Energy announced a quarterly dividend on Wednesday, February 12th. Stockholders of record on Friday, March 13th will be paid a dividend of 0.063 per share on Tuesday, March 31st. This represents a $0.25 annualized dividend and a yield of 10.72%. The ex-dividend date is Thursday, March 12th. This is a boost from Cenovus Energy's previous quarterly dividend of $0.06. View Cenovus Energy's dividend history.

What price target have analysts set for CVE?

12 equities research analysts have issued 12 month target prices for Cenovus Energy's stock. Their forecasts range from C$3.00 to C$16.00. On average, they anticipate Cenovus Energy's stock price to reach C$9.82 in the next twelve months. This suggests a possible upside of 318.0% from the stock's current price. View analysts' price targets for Cenovus Energy.

Has Cenovus Energy been receiving favorable news coverage?

Headlines about CVE stock have been trending somewhat positive this week, InfoTrie reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cenovus Energy earned a coverage optimism score of 1.2 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutCenovus Energy.

Who are some of Cenovus Energy's key competitors?

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), AbbVie (ABBV), Intelsat (I), A10 Networks (ATEN), Bank of America (BAC) and Air Canada (AC).

Who are Cenovus Energy's key executives?

Cenovus Energy's management team includes the following people:
  • Mr. Alexander J. Pourbaix, CEO, Pres & Director (Age 53)
  • Mr. Jonathan M. McKenzie, Exec. VP & CFO (Age 51)
  • Mr. Harbir Singh Chhina, Exec. VP & CTO
  • Mr. Alan Craig Reid, Exec. VP of Stakeholder Engagement, Safety & Legal and Gen. Counsel
  • Mr. J. Drew Zieglgansberger, Exec. Vice-Pres of Upstream

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 and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

What is Cenovus Energy's stock price today?

One share of CVE stock can currently be purchased for approximately C$2.35.

How big of a company is Cenovus Energy?

Cenovus Energy has a market capitalization of C$2.89 billion and generates C$20.18 billion in revenue each year. Cenovus Energy employs 2,264 workers across the globe. View additional information about Cenovus Energy.

What is Cenovus Energy's official website?

The official website for Cenovus Energy is http://www.cenovus.com/.

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 company can be reached via phone at +1-403-7662000.


MarketBeat Community Rating for Cenovus Energy (TSE CVE)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  537 (Vote Outperform)
Underperform Votes:  758 (Vote Underperform)
Total Votes:  1,295
MarketBeat's community ratings are surveys of what our community members think about Cenovus Energy and other stocks. Vote "Outperform" if you believe CVE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CVE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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