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: $13.99 to $14.49
• 50-Day Range: $13.00 to $14.85
• 52-Week Range: $10.23 to $20.40
• Volume: 18.53 million shs
• Average Volume: 9.81 million shs
• Market Capitalization: $25.96 billion
• P/E Ratio: 13.43
• Dividend Yield: 4.04%
• Price Target: $23.00
• Consensus Rating: Moderate Buy

Cenovus Energy Stock Analysis - MarketRank™

Cenovus Energy scored higher than 97% of companies evaluated by MarketBeat, and ranked 26th out of 259 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Cenovus Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Cenovus Energy has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 28.19%

Earnings Growth

Earnings for Cenovus Energy are expected to grow by 28.19% in the coming year, from $1.49 to $1.91 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cenovus Energy is 13.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.77.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cenovus Energy is 13.43, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 65.38.

Price to Book Value per Share Ratio

Cenovus Energy has a P/B Ratio of 1.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.78% of the float of Cenovus Energy has been sold short.

Short Interest Ratio / Days to Cover

Cenovus Energy has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cenovus Energy has recently decreased by 55.07%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Cenovus Energy is a leading dividend payer. It pays a dividend yield of 3.98%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Cenovus Energy has only been increasing its dividend for 4 years.

Dividend Coverage

The dividend payout ratio of Cenovus Energy is 54.21%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Cenovus Energy will have a dividend payout ratio of 30.37% next year. This indicates that Cenovus Energy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -8.62

Percentage of Shares Shorted

1.78% of the float of Cenovus Energy has been sold short.

Short Interest Ratio / Days to Cover

Cenovus Energy has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cenovus Energy has recently decreased by 55.07%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.49

News Sentiment

Cenovus Energy has a news sentiment score of 1.49. 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 0.72 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Cenovus Energy this week, compared to 8 articles on an average week.

Search Interest

Only 17 people have searched for CVE on MarketBeat in the last 30 days. This is a decrease of -32% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Cenovus Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Cenovus Energy insiders have not sold or bought any company stock.

Percentage Held by Institutions

51.19% 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 $15.15 on January 1st, 2025. Since then, CVE stock has decreased by 5.1% and is now trading at $14.3730.

How were Cenovus Energy's earnings last quarter?

Cenovus Energy Inc (NYSE:CVE) issued its quarterly earnings data on Thursday, May, 8th. The oil and gas company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The oil and gas company had revenue of $11.15 billion for the quarter, compared to analyst estimates of $12.39 billion. Cenovus Energy had a trailing twelve-month return on equity of 9.56% and a net margin of 5.22%.
Read the conference call transcript.

Who are Cenovus Energy's major shareholders?

Top institutional investors of Cenovus Energy include U.S. Capital Wealth Advisors LLC (0.04%), Foundation Resource Management Inc. (0.03%), Addenda Capital Inc. (0.02%) and Mraz Amerine & Associates Inc. (0.02%).

How do I buy shares of Cenovus Energy?

Shares of CVE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

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 Crescent Point Energy (CPG), NVIDIA (NVDA), Meta Platforms (META), Exxon Mobil (XOM), ConocoPhillips (COP), Marathon Petroleum (MPC) and Broadcom (AVGO).

Company Calendar

• Last Earnings: 5/08/2025
• Ex-Dividend for 6/30 Dividend: 6/13/2025
• Record date for 6/30 Dividend: 6/16/2025
• Dividend Payable: 6/30/2025
• Today: 7/24/2025
• Next Earnings (Estimated): 7/31/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: OIL - C$ INTEGRTD
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:CVE
• CIK: 1475260
• Web: www.cenovus.com
• Phone: (403) 766-2000
• Fax: 403-766-7600
• Employees: 7,150
• Year Founded: 2009

Price Target and Rating

• Average Price Target for Cenovus Energy: $23.00
• High Price Target: $28.00
• Low Price Target: $16.00
• Potential Upside/Downside: +60.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 9 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.07
• Trailing P/E Ratio: 13.43
• Forward P/E Ratio: 9.65
• P/E Growth: N/A
• Net Income: $2.29 billion
• Net Margins: 5.22%
• Pretax Margin: 6.68%
• Return on Equity: 9.56%
• Return on Assets: 5.04%

Debt

• Debt-to-Equity Ratio: 0.25
• Current Ratio: 1.46
• Quick Ratio: 0.84

Sales & Book Value

• Annual Sales: $39.62 billion
• Price / Sales: 0.66
• Cash Flow: $3.15 per share
• Price / Cash Flow: 4.57
• Book Value: $11.76 per share
• Price / Book: 1.22

Miscellaneous

• Outstanding Shares: 1,805,850,000
• Free Float: N/A
• Market Cap: $25.96 billion
• Optionable: Optionable
• Beta: 0.93