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TSE:CVE

Cenovus Energy Stock Forecast, Price & News

C$22.45
-0.54 (-2.35%)
(As of 07/6/2022 02:28 PM ET)
Add
Compare
Today's Range
C$21.41
C$23.33
50-Day Range
C$22.99
C$30.95
52-Week Range
C$9.23
C$31.19
Volume
7.11 million shs
Average Volume
8.47 million shs
Market Capitalization
C$44.49 billion
P/E Ratio
22.91
Dividend Yield
1.83%
Price Target
C$26.24

Cenovus Energy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
17.6% Upside
C$26.39 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.00mentions of Cenovus Energy in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
C$16.67 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.89 out of 5 stars

30 days | 90 days | 365 days | Advanced Chart

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Cenovus Energy 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.

CVE Stock News Headlines

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
Cenovus Energy (TSE:CVE) PT Raised to C$37.00 at CSFB
Cenovus Energy (TSE:CVE) PT Raised to C$34.00
Cenovus Energy (TSE:CVE) PT Raised to C$37.00
Stocks in play: Cenovus Energy Inc
See More Headlines

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

Company Calendar

Last Earnings
4/27/2022
Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Today
7/06/2022
Next Earnings (Estimated)
8/04/2022

Price Target and Rating

Average Stock Price Forecast
C$26.39
High Stock Price Forecast
C$37.00
Low Stock Price Forecast
C$12.00
Forecasted Upside/Downside
+16.9%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
15 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$53.26 billion
Cash Flow
C$1.48 per share
Book Value
C$12.16 per share

Miscellaneous

Outstanding Shares
1,981,655,000
Free Float
N/A
Market Cap
C$44.49 billion
Optionable
Optionable
Beta
N/A














Cenovus Energy Frequently Asked Questions

Should I buy or sell Cenovus Energy stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There are currently 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Cenovus Energy stock.
View analyst ratings for Cenovus Energy
or view top-rated stocks.

What is Cenovus Energy's stock price forecast for 2022?

15 brokers have issued 12-month target prices for Cenovus Energy's shares. Their CVE stock forecasts range from C$12.00 to C$37.00. On average, they expect Cenovus Energy's stock price to reach C$26.39 in the next twelve months. This suggests a possible upside of 17.3% from the stock's current price.
View analysts' price targets for Cenovus Energy
or view top-rated stocks among Wall Street analysts.

How has Cenovus Energy's stock price performed in 2022?

Cenovus Energy's stock was trading at C$15.51 at the beginning of 2022. Since then, CVE shares have increased by 45.1% and is now trading at C$22.51.
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 Thursday, August 4th 2022.
View our earnings forecast for Cenovus Energy
.

How were Cenovus Energy's earnings last quarter?

Cenovus Energy Inc. (TSE:CVE) issued its earnings results on Wednesday, April, 27th. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by $0.02. The company earned $17.96 billion during the quarter, compared to analyst estimates of $13.59 billion.
View Cenovus Energy's earnings history
.

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

Cenovus Energy declared a quarterly dividend on Wednesday, April 27th. Investors of record on Wednesday, June 15th will be paid a dividend of 0.105 per share on Thursday, June 30th. This represents a $0.42 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Tuesday, June 14th. This is a boost from Cenovus Energy's previous quarterly dividend of C$0.04.
View Cenovus Energy's dividend history
.

Is Cenovus Energy a good dividend stock?

Cenovus Energy(TSE:CVE) pays an annual dividend of C$0.11 per share and currently has a dividend yield of 1.83%. The dividend payout ratio of Cenovus Energy is 10.71%. This payout ratio is at a healthy, sustainable level, below 75%.
View Cenovus Energy's dividend history.

Who are Cenovus Energy's key executives?

Cenovus Energy's management team includes the following people:
  • Mr. Alexander J. Pourbaix, CEO, Pres & Director (Age 56, Pay $4.24M)
  • Mr. Jeffrey Ryan Hart, Exec. VP & CFO
  • Mr. Jonathan M. McKenzie, Exec. VP & COO (Age 54, Pay $1.79M)
  • Mr. Joseph Drew Zieglgansberger, EVP of Natural Gas & Technical Services
  • Mr. Keith A. Chiasson, EVP 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, EVP of Strategy & Corp. Devel.
  • Ms. Susan Anderson, Sr. Vice-Pres of People Services
  • Mr. Alan Craig Reid, Advisor

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 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$22.51.

How much money does Cenovus Energy make?

Cenovus Energy (TSE:CVE) has a market capitalization of C$44.61 billion and generates C$53.26 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 Cenovus Energy is www.cenovus.com. The company can be reached via phone at +1-403-7662000.

This page (TSE:CVE) was last updated on 7/6/2022 by MarketBeat.com Staff

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