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DOW   29,590.41
QQQ   275.51
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How To Earn a Tax-Advantaged 10% Dividend Yield (Ad)pixel
Judge rejects Justice Dept.'s bid to stop sugar merger
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
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China using civilian ships to enhance navy capability, reach
One Stock Doubles Your Money, During Crisis? (Ad)
German leader seeks energy deals, alliances on Gulf trip
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How To Earn a Tax-Advantaged 10% Dividend Yield (Ad)pixel
Judge rejects Justice Dept.'s bid to stop sugar merger
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
One Stock Doubles Your Money, During Crisis? (Ad)
MarketBeat: Week in Review 9/19 – 9/23
China using civilian ships to enhance navy capability, reach
One Stock Doubles Your Money, During Crisis? (Ad)
German leader seeks energy deals, alliances on Gulf trip
World Bank head says he's not a climate denier, won't quit
TSE:CVE

Cenovus Energy - CVE Stock Forecast, Price & News

C$21.00
-2.06 (-8.93%)
(As of 09/23/2022 12:00 AM ET)
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Compare
Today's Range
C$20.89
C$22.02
50-Day Range
C$20.70
C$25.86
52-Week Range
C$11.91
C$31.19
Volume
9.45 million shs
Average Volume
7.69 million shs
Market Capitalization
C$40.55 billion
P/E Ratio
10.19
Dividend Yield
1.82%
Price Target
C$27.97

Cenovus Energy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
33.2% Upside
C$27.97 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.51mentions of Cenovus Energy in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
C$7.90 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.

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CVE Stock News Headlines

Analysts Set Cenovus Energy Inc. (TSE:CVE) Target Price at C$27.97
Equinor (EQNR) Completes Exit From Its Russia Operations
Better Buy: Suncor or Cenovus?
Cenovus Energy Inc WT stock advanced on Wednesday.
What Are Whales Doing With Cenovus Energy
Cenovus Energy Inc WT stock decreased on Tuesday.
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
Ex-Dividend for 9/29 Dividend
9/14/2022
Today
9/24/2022
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$27.97
High Stock Price Forecast
C$38.00
Low Stock Price Forecast
C$14.50
Forecasted Upside/Downside
+33.2%
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$1.69 per share
Book Value
C$13.21 per share

Miscellaneous

Outstanding Shares
1,931,000,000
Free Float
N/A
Market Cap
C$40.55 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Alexander J. PourbaixMr. Alexander J. Pourbaix (Age 56)
    CEO, Pres & Director
    Comp: $4.24M
  • Mr. Jeffrey Ryan HartMr. Jeffrey Ryan Hart
    Exec. VP & CFO
  • Mr. Jonathan M. McKenzieMr. 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 equities 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 equities 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 equities research analysts have issued 12 month target prices for Cenovus Energy's shares. 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$27.97 in the next year. This suggests a possible upside of 33.2% 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 2022?

Cenovus Energy's stock was trading at C$15.51 on January 1st, 2022. Since then, CVE stock has increased by 35.4% and is now trading at C$21.00.
View the best growth stocks for 2022 here
.

When is Cenovus Energy's next earnings date?

The company 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) posted its quarterly earnings results on Thursday, July, 28th. The company reported $1.19 EPS for the quarter, beating analysts' consensus estimates 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. Shareholders of record on Thursday, September 15th will be paid a dividend of 0.105 per share on Thursday, September 29th. This represents a $0.42 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date 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 1.82%. 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$21.00.

How much money does Cenovus Energy make?

Cenovus Energy (TSE:CVE) has a market capitalization of C$40.55 billion and generates C$61.79 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 9/24/2022 by MarketBeat.com Staff

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