TSE:CVE

Cenovus Energy (CVE) Stock Price, News & Analysis

C$28.07
-0.35 (-1.23%)
(As of 05/10/2024 ET)
Today's Range
C$28.00
C$28.60
50-Day Range
C$23.70
C$29.81
52-Week Range
C$19.82
C$29.96
Volume
6.93 million shs
Average Volume
4.78 million shs
Market Capitalization
C$52.49 billion
P/E Ratio
11.60
Dividend Yield
2.64%
Price Target
C$33.19

Cenovus Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
18.2% Upside
C$33.19 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.65mentions of Cenovus Energy in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
C$7.51 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.32 out of 5 stars

CVE stock logo

About Cenovus Energy Stock (TSE:CVE)

Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segment assets include Foster Creek, Christina Lake, and Sunrise projects, as well as Lloydminster thermal and conventional heavy oil assets. The Conventional segment holds natural gas liquids and natural gas 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 offshore operation, exploration, and development activities in China and the East Coast of Canada. The Canadian Refining segment owns and operates Lloydminster upgrading and asphalt refining complex, which converts heavy oil and bitumen into synthetic crude oil, diesel, asphalt, and other ancillary products, as well as Bruderheim crude-by-rail terminal and ethanol plants. The U.S. Refining segment refines crude oil to produce gasoline, diesel, jet fuel, asphalt, and other products. Cenovus Energy Inc. is headquartered in Calgary, Canada.

CVE Stock Price History

CVE Stock News Headlines

Elon Musk Secret Crypto Plot Exposed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Scotiabank Keeps Their Buy Rating on Cenovus Energy (CVE)
Obama’s Forever Term [exposed]
America’s Last Election New documentary, America’s Last Election, reveals the true (and terrifying) story of how the D.C. establishment has engineered a brutal new crisis that could hand them permanent power. Power they will use to reshape America to their dark, dystopian vision.
15 Best Energy Stocks To Buy Now
Desjardins Reaffirms Their Buy Rating on Cenovus Energy (CVE)
CVE Mar 2024 19.000 put
CVE Mar 2024 16.500 call
See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Today
5/10/2024
Ex-Dividend for 5/31 Dividend
5/16/2024
Dividend Payable
5/31/2024
Next Earnings (Estimated)
7/25/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas Integrated
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
6,925
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$33.19
High Stock Price Target
C$38.00
Low Stock Price Target
C$28.00
Potential Upside/Downside
+18.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
9 Analysts

Profitability

Net Income
C$4.61 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$53.34 billion
Cash Flow
C$2.05 per share
Book Value
C$15.66 per share

Miscellaneous

Outstanding Shares
1,870,000,000
Free Float
N/A
Market Cap
C$52.49 billion
Optionable
Not Optionable
Beta
2.78
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Key Executives


CVE Stock Analysis - Frequently Asked Questions

Should I buy or sell Cenovus Energy stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cenovus Energy in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CVE shares.
View CVE analyst ratings
or view top-rated stocks.

What is Cenovus Energy's stock price target for 2024?

9 Wall Street analysts have issued 1 year price objectives for Cenovus Energy's stock. Their CVE share price targets range from C$28.00 to C$38.00. On average, they anticipate the company's stock price to reach C$33.19 in the next year. This suggests a possible upside of 18.2% 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 2024?

Cenovus Energy's stock was trading at C$22.08 at the start of the year. Since then, CVE stock has increased by 27.1% and is now trading at C$28.07.
View the best growth stocks for 2024 here
.

When is Cenovus Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our CVE earnings forecast
.

How were Cenovus Energy's earnings last quarter?

Cenovus Energy Inc. (TSE:CVE) released its earnings results on Thursday, February, 15th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.06. The company had revenue of $13.13 billion for the quarter, compared to analysts' expectations of $13.06 billion. Cenovus Energy had a trailing twelve-month return on equity of 16.11% and a net margin of 8.72%. During the same quarter in the previous year, the company posted $0.39 EPS.

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

Cenovus Energy declared a quarterly dividend on Wednesday, May 1st. Investors of record on Friday, May 17th will be given a dividend of 0.18 per share on Friday, May 31st. This represents a $0.72 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from the stock's previous quarterly dividend of C$0.14.
Read our dividend analysis for CVE
.

Is Cenovus Energy a good dividend stock?

Cenovus Energy (TSE:CVE) pays an annual dividend of C$0.74 per share and currently has a dividend yield of 2.62%. The dividend payout ratio is 30.58%. 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).

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.

This page (TSE:CVE) was last updated on 5/11/2024 by MarketBeat.com Staff

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