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TSE:CVE

Cenovus Energy (CVE) Stock Price, News & Analysis

Cenovus Energy logo
C$21.11 +0.02 (+0.09%)
(As of 12/24/2024 01:21 PM ET)

About Cenovus Energy Stock (TSE:CVE)

Key Stats

Today's Range
C$20.88
C$21.22
50-Day Range
C$20.66
C$23.48
52-Week Range
C$19.82
C$29.96
Volume
1.57 million shs
Average Volume
5.33 million shs
Market Capitalization
C$39.26 billion
P/E Ratio
8.41
Dividend Yield
3.41%
Price Target
C$31.20
Consensus Rating
Buy

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.

Cenovus Energy Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
96th Percentile Overall Score

CVE MarketRank™: 

Cenovus Energy scored higher than 96% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about Cenovus Energy's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Cenovus Energy is 8.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.17.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Cenovus Energy is 8.41, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 95.03.

  • 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 1.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for CVE.
  • 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%.

  • Read more about Cenovus Energy's dividend.
  • Short Interest

    There is no current short interest data available for CVE.
  • News Sentiment

    Cenovus Energy has a news sentiment score of 0.45. 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 lower news sentiment than the 0.61 average news sentiment score of Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 9 news articles for Cenovus Energy this week, compared to 3 articles on an average week.
  • Search Interest

    Only 19 people have searched for CVE on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days.
  • MarketBeat Follows

    14 people have added Cenovus Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 180% compared to the previous 30 days.
  • 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.

  • Read more about Cenovus Energy's insider trading history.
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CVE Stock News Headlines

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Analysts Set Cenovus Energy Inc. (TSE:CVE) PT at C$31.20
TD Securities Cuts Cenovus Energy (TSE:CVE) Price Target to C$29.00
See More Headlines

CVE Stock Analysis - Frequently Asked Questions

Cenovus Energy's stock was trading at C$22.08 at the beginning of the year. Since then, CVE shares have decreased by 4.4% and is now trading at C$21.11.
View the best growth stocks for 2024 here
.

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

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.

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
12/25/2024
Dividend Payable
12/31/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas Integrated
Sub-Industry
Petroleum And Natural Gas
CIK
N/A
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
+47.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Net Income
C$4.75 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$55.99 billion
Cash Flow
C$1.54 per share
Book Value
C$15.89 per share

Miscellaneous

Outstanding Shares
1,860,000,000
Free Float
N/A
Market Cap
C$39.26 billion
Optionable
Not Optionable
Beta
2.63
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This page (TSE:CVE) was last updated on 12/26/2024 by MarketBeat.com Staff
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