TSE:CVECenovus Energy Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Cenovus Energy Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add C$6.19 +0.17 (+2.82 %) (As of 05/28/2020 08:09 AM ET) Add Compare Share Today's RangeC$5.86Now: C$6.19▼C$6.2250-Day RangeC$3.56MA: C$4.69▼C$6.0252-Week RangeC$2.06Now: C$6.19▼C$14.31Volume5.89 million shsAverage Volume9.09 million shsMarket CapitalizationC$7.61 billionP/E Ratio26.80Dividend Yield8.80%BetaN/A ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.2 Analyst's Opinion Consensus RatingCenovus Energy has received a consensus rating of Hold. The company's average rating score is 2.42, and is based on 6 buy ratings, 5 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of C$6.86, Cenovus Energy has a potential upside of 10.8% from its current price of C$6.19.Amount of Analyst CoverageCenovus Energy has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.1 Community Rank Outperform VotesCenovus Energy has received 545 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCenovus Energy has received 773 “underperform” votes. (Add your “underperform” vote.)Community SentimentCenovus Energy has received 58.65% “underperform” votes from our community.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. Previous Next 1.7 Dividend Strength Dividend LeadershipCenovus Energy is a leading dividend payer. It pays a dividend yield of 8.80%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCenovus Energy does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Cenovus Energy is 97.40 %. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next 3.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cenovus Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$131,240.00 in company stock and sold C$0.00 in company stock. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Cenovus Energy are expected to grow in the coming year, from C($0.48) to C$0.00 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cenovus Energy is 26.80, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.56.Price to Earnings Ratio vs. SectorThe P/E ratio of Cenovus Energy is 26.80, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 20.11.Price to Earnings Growth RatioDue to a projected decrease in earnings for Cenovus Energy, their PEG ratio cannot be calculated.Price to Book Value per Share RatioCenovus Energy has a P/B Ratio of 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.2Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.25 out of 5 stars Industry, Sector and Symbol Stock Exchange TSE Industry Major Integrated Oil & Gas Sub-IndustryN/A SectorBasic Materials Current SymbolTSE:CVE Previous Symbol CUSIPN/A CIKN/A Webwww.cenovus.com Phone+1-403-7662000Debt Debt-to-Equity Ratio53.63 Current Ratio0.71 Quick Ratio0.43Price-To-Earnings Trailing P/E Ratio26.80 Forward P/E RatioN/A P/E Growth-0.08 Sales & Book Value Annual SalesC$19.15 billion Price / Sales0.40 Cash FlowC$0.15 per share Price / Cash Flow40.08 Book ValueC$14.43 per share Price / Book0.43Profitability EPS (Most Recent Fiscal Year)N/A Net IncomeN/A Net MarginsN/A Return on EquityN/A Return on AssetsN/AMiscellaneous Employees2,264 Outstanding Shares1,228,870,000Market CapC$7.61 billion Next Earnings Date7/23/2020 (Estimated) OptionableOptionable TSX:CVE Rates by TradingView Receive CVE News and Ratings via Email Sign-up to receive the latest news and ratings for CVE and its competitors with MarketBeat's FREE daily newsletter. 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 reached pandemic status according to the World Health Organization. Since then, CVE stock has increased by 48.8% and is now trading at C$6.19. 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) issued its quarterly earnings data on Wednesday, April, 29th. The company reported ($0.97) earnings per share 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 the consensus estimate 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 dividend yield of 4.07%. The ex-dividend date of this dividend is Thursday, March 12th. This is an increase 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 brokerages have issued 1-year price targets for Cenovus Energy's stock. 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 10.8% from the stock's current price. View analysts' price targets for Cenovus Energy. Has Cenovus Energy been receiving favorable news coverage? News coverage about CVE stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by analyzing 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 coverage optimism score of -1.7 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact 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? Some companies that are related to Cenovus Energy include Imperial Oil (IMO), Imperial Oil (IMO), Husky Energy (HSE), Quadrise Fuels International (QFI), XXL Energy (XL), Georox Resources (GXR), Relentless Resources (RRL) and Wolf Petroleum (WOF). View all 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 & CTOMr. Alan Craig Reid, Exec. VP of Stakeholder Engagement, Safety & Legal and Gen. CounselMr. 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$6.19. How big of a company is Cenovus Energy? Cenovus Energy has a market capitalization of C$7.61 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 5/28/2020 by MarketBeat.com Staff
