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TSE:CVECenovus Energy Stock Price, Forecast & News

C$6.47
+0.05 (+0.78 %)
(As of 06/4/2020 07:02 AM ET)
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Today's Range
C$6.42
Now: C$6.47
C$6.68
50-Day Range
C$3.56
MA: C$5.00
C$6.42
52-Week Range
C$2.06
Now: C$6.47
C$14.31
Volume5.64 million shs
Average Volume8.93 million shs
Market CapitalizationC$7.95 billion
P/E Ratio28.01
Dividend Yield8.80%
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.05 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesC$19.15 billion
Cash FlowC$0.14 per share
Book ValueC$14.43 per share

Profitability

Miscellaneous

Employees2,264
Outstanding Shares1,228,870,000
Market CapC$7.95 billion
Next Earnings Date7/23/2020 (Estimated)
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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CVE stock has increased by 55.5% and is now trading at C$6.47. View which stocks have been most 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 Thursday, July 23rd 2020. View our earnings forecast for Cenovus Energy.

How were Cenovus Energy's earnings last quarter?

Cenovus Energy Inc (TSE:CVE) announced its quarterly earnings data on Wednesday, April, 29th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by $0.69. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.55 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. Shareholders of record on Friday, March 13th will be given a dividend of 0.063 per share on Tuesday, March 31st. This represents a $0.25 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Thursday, March 12th. This is a boost from Cenovus Energy's previous quarterly dividend of C$0.06. View Cenovus Energy's dividend history.

What price target have analysts set for CVE?

12 analysts have issued 12 month price objectives for Cenovus Energy's shares. Their forecasts range from C$3.00 to C$16.00. On average, they expect Cenovus Energy's share price to reach C$6.86 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price. View analysts' price targets for Cenovus Energy.

Has Cenovus Energy been receiving favorable news coverage?

Media headlines about CVE stock have been trending negative this week, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cenovus Energy earned a media sentiment score of -2.8 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few 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), Air Canada (AC), Intelsat (I), Toronto-Dominion Bank (TD) and A10 Networks (ATEN).

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$6.47.

How big of a company is Cenovus Energy?

Cenovus Energy has a market capitalization of C$7.95 billion and generates C$19.15 billion in revenue each year. Cenovus Energy employs 2,264 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 6/4/2020 by MarketBeat.com Staff

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