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TSE:CVE

Cenovus Energy (CVE) Stock Forecast, Price & News

C$27.41
+0.34 (+1.26%)
(As of 05/20/2022 12:00 AM ET)
Add
Compare
Today's Range
C$26.86
C$27.79
50-Day Range
C$18.93
C$27.41
52-Week Range
C$9.23
C$27.79
Volume
6.06 million shs
Average Volume
8.58 million shs
Market Capitalization
C$54.32 billion
P/E Ratio
28.61
Dividend Yield
1.55%
Beta
N/A
30 days | 90 days | 365 days | Advanced Chart
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Cenovus Energy logo

About Cenovus Energy

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.

Headlines

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

Sales & Book Value

Annual Sales
C$53.26 billion
Cash Flow
C$1.82 per share
Book Value
C$12.16 per share

Profitability

Pretax Margin
N/A

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares
1,981,655,000
Free Float
N/A
Market Cap
C$54.32 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/31 Dividend
3/14/2022
Dividend Payable
3/31/2022
Today
5/20/2022
Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Next Earnings (Estimated)
8/04/2022

MarketRank

Overall MarketRank

1.77 out of 5 stars

Analyst Opinion: 1.5Community Rank: 4.0Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -













Cenovus Energy (TSE:CVE) Frequently Asked Questions

Is Cenovus Energy a buy right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last year. 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.

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

Cenovus Energy declared a quarterly dividend on Wednesday, April 27th. Stockholders 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 dividend yield of 1.53%. 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 pays an annual dividend of C$0.11 per share and currently has a dividend yield of 1.55%. The dividend payout ratio of Cenovus Energy is 10.96%. This payout ratio is at a healthy, sustainable level, below 75%.
View Cenovus Energy's dividend history.

What price target have analysts set for CVE?

15 brokerages have issued 1-year target prices for Cenovus Energy's shares. Their forecasts range from C$12.00 to C$33.00. On average, they expect Cenovus Energy's stock price to reach C$24.97 in the next twelve months. This suggests that the stock has a possible downside of 8.9%.
View analysts' price targets for Cenovus Energy
or view top-rated stocks among Wall Street analysts.

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$27.41.

How much money does Cenovus Energy make?

Cenovus Energy has a market capitalization of C$54.32 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.

What is Cenovus Energy's official website?

The official website for Cenovus Energy is 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.

This page was last updated on 5/20/2022 by MarketBeat.com Staff

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