Cenovus Energy (CVE) Stock Price, News & Analysis

Company Overview

Cenovus Energy Inc. is a Canadian integrated oil and natural gas company headquartered in Calgary, Alberta. The company was established in 2009 through a spin-off from Encana Corporation and further expanded its operations in January 2021 with the acquisition of Husky Energy. Cenovus explores for, develops and produces bitumen, synthetic crude, conventional crude oil and natural gas, and operates a network of midstream and downstream assets across North America.

In its upstream segment, Cenovus holds extensive oil sands leases in northeastern Alberta, including the Sunrise and Foster Creek projects operated with steam-assisted gravity drainage (SAGD) technology. The company also manages conventional light and medium crude oil and natural gas production in Western Canada and select U.S. onshore plays. These operations are supported by a commitment to operational efficiency, cost control and the application of enhanced recovery techniques to maximize resource recovery.

Through strategic joint ventures and wholly owned assets, Cenovus operates a refining portfolio in both Canada and the United States. The company holds a majority interest in two refineries in Lloydminster and Moose Jaw, Saskatchewan, and maintains interests in four Gulf Coast refineries via a long-standing partnership with Phillips 66. Refined products include gasoline, diesel, jet fuel, asphalt and petrochemicals, which are marketed domestically and exported to key international customers. Cenovus also leverages Husky’s retail service station network to distribute fuels and convenience offerings in Western Canada.

Under the leadership of President and Chief Executive Officer Alex Pourbaix, Cenovus continues to pursue sustainability initiatives, aiming to reduce greenhouse gas emissions intensity and achieve net-zero emissions by 2050. The company participates in regional carbon capture projects, invests in water-management technologies and publishes annual sustainability reports detailing its environmental, social and governance (ESG) performance. Cenovus Energy is listed on both the Toronto Stock Exchange and the New York Stock Exchange under the ticker symbol CVE.

Key Stats

• Today's Range: $16.54 to $17.02
• 50-Day Range: $13.61 to $16.98
• 52-Week Range: $10.23 to $19.06
• Volume: 13.38 million shs
• Average Volume: 12.20 million shs
• Market Capitalization: $29.92 billion
• P/E Ratio: 16.47
• Dividend Yield: 3.43%
• Price Target: $23.33
• Consensus Rating: Buy

Cenovus Energy Stock Analysis - MarketRank™

Cenovus Energy scored higher than 94% of companies evaluated by MarketBeat, and ranked 27th out of 269 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: 3.5 / 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 6 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Cenovus Energy has only been the subject of 4 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 16.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 53.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cenovus Energy is 16.47, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 78.88.

Price to Book Value per Share Ratio

Cenovus Energy has a P/B Ratio of 1.41. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.35% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cenovus Energy has recently increased by 10.32%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Cenovus Energy pays a meaningful dividend of 3.48%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

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

Dividend Coverage

The dividend payout ratio of Cenovus Energy is 56.44%. 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 29.84% 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

1.35% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cenovus Energy has recently increased by 10.32%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 4.1 / 5
• News Sentiment: 1.31

News Sentiment

Cenovus Energy has a news sentiment score of 1.31. 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 0.95 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for Cenovus Energy this week, compared to 10 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

20 people have added Cenovus Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 233% 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 at the start of the year. Since then, CVE stock has increased by 9.8% and is now trading at $16.6370.

How were Cenovus Energy's earnings last quarter?

Cenovus Energy Inc (NYSE:CVE) posted its quarterly earnings results on Thursday, July, 31st. The oil and gas company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.19. The firm's quarterly revenue was down 12.6% compared to the same quarter last year.
Read the conference call transcript.

Who are Cenovus Energy's major shareholders?

Top institutional shareholders of Cenovus Energy include Boston Partners (1.49%), Boston Partners (1.48%), TD Asset Management Inc (1.26%) and Mackenzie Financial Corp (1.16%).

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

• Ex-Dividend for 6/30 Dividend: 6/13/2025
• Record date for 6/30 Dividend: 6/16/2025
• Dividend Payable: 6/30/2025
• Last Earnings: 7/31/2025
• Today: 8/29/2025
• Record date for 9/29 Dividend: 9/15/2025
• Ex-Dividend for 9/29 Dividend: 9/15/2025
• Dividend Payable: 9/29/2025
• Next Earnings (Estimated): 10/30/2025
• 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: 6,000
• Year Founded: 2009

Price Target and Rating

• Average Price Target for Cenovus Energy: $23.33
• High Price Target: $28.00
• Low Price Target: $16.00
• Potential Upside/Downside: +37.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 10 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.01
• Trailing P/E Ratio: 16.81
• Forward P/E Ratio: 11.39
• P/E Growth: N/A
• Net Income: $2.29 billion
• Net Margins: 5.18%
• Pretax Margin: 6.44%
• Return on Equity: 9.06%
• Return on Assets: 4.77%

Debt

• Debt-to-Equity Ratio: 0.24
• Current Ratio: 1.32
• Quick Ratio: 0.78

Sales & Book Value

• Annual Sales: $55.62 billion
• Price / Sales: 0.55
• Cash Flow: $3.21 per share
• Price / Cash Flow: 5.28
• Book Value: $11.78 per share
• Price / Book: 1.44

Miscellaneous

• Outstanding Shares: 1,798,633,000
• Free Float: N/A
• Market Cap: $30.53 billion
• Optionable: Optionable
• Beta: 0.97