Cenovus Energy (CVE) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: C$20.42 to C$20.99
• 50-Day Range: C$20.66 to C$24.55
• 52-Week Range: C$19.82 to C$29.96
• Volume: 10.16 million shs
• Average Volume: 5.35 million shs
• Market Capitalization: C$38.52 billion
• P/E Ratio: 8.25
• Dividend Yield: 3.48%
• Price Target: C$31.20
• Consensus Rating: Buy

Cenovus Energy Stock Analysis - MarketRank™

Cenovus Energy scored higher than 97% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.5 / 5
• Analyst Rating: Buy

Consensus Rating

Cenovus Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 9 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Cenovus Energy has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Cenovus Energy is 8.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.46.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cenovus Energy is 8.25, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 97.72.

Price to Earnings Growth Ratio

Cenovus Energy has a PEG Ratio of 0.09. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Cenovus Energy has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CVE.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Cenovus Energy pays a meaningful dividend of 3.10%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Cenovus Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Cenovus Energy is 28.69%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CVE.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 0.75

News Sentiment

Cenovus Energy has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Cenovus Energy this week, compared to 3 articles on an average week.

Search Interest

21 people have searched for CVE on MarketBeat in the last 30 days. This is an increase of 31% compared to the previous 30 days.

MarketBeat Follows

8 people have added Cenovus Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Cenovus Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$211,699.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

32.03% of the stock of Cenovus Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

54.22% of the stock of Cenovus Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CVE Stock Analysis - Frequently Asked Questions

How have CVE shares performed this year?

Cenovus Energy's stock was trading at C$22.08 on January 1st, 2024. Since then, CVE shares have decreased by 6.2% and is now trading at C$20.71.
View the best growth stocks for 2024 here.

How were Cenovus Energy's earnings last quarter?

Cenovus Energy Inc. (TSE:CVE) issued its quarterly earnings results on Thursday, February, 15th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.06. The firm had revenue of $13.13 billion for the quarter, compared to the consensus estimate of $13.06 billion. Cenovus Energy had a net margin of 8.54% and a trailing twelve-month return on equity of 16.69%.

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 other stocks do shareholders of Cenovus Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cenovus Energy investors own include Constellation Software (CSU), Intact Financial (IFC), Whitecap Resources (WCP), Enbridge (ENB), Suncor Energy (SU), Toronto-Dominion Bank (TD) and Canadian Natural Resources (CNQ).

Company Calendar

• Last Earnings: 2/15/2024
• Ex-Dividend for 9/27 Dividend: 9/13/2024
• Dividend Payable: 9/27/2024
• Ex-Dividend for 12/31 Dividend: 12/13/2024
• Today: 12/21/2024
• Dividend Payable: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas Integrated
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: TSE:CVE
• CUSIP: N/A
• CIK: N/A
• Web: www.cenovus.com
• Phone: +1-403-7662000
• Fax: N/A
• Employees: 6,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$31.20
• High Stock Price Target: C$35.00
• Low Stock Price Target: C$25.00
• Potential Upside/Downside: +50.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$2.51
• Trailing P/E Ratio: 8.25
• Forward P/E Ratio: 9.16
• P/E Growth: 0.09
• Net Income: C$4.75 billion
• Net Margins: 8.54%
• Pretax Margin: N/A
• Return on Equity: 16.69%
• Return on Assets: 7.58%

Debt

• Debt-to-Equity Ratio: 33.34
• Current Ratio: 1.66
• Quick Ratio: 1.00

Sales & Book Value

• Annual Sales: C$55.99 billion
• Price / Sales: 0.69
• Cash Flow: C$1.51 per share
• Price / Cash Flow: 13.71
• Book Value: C$15.89 per share
• Price / Book: 1.30

Miscellaneous

• Outstanding Shares: 1,860,000,000
• Free Float: N/A
• Market Cap: C$38.52 billion
• Optionable: Not Optionable
• Beta: 2.63