Cenovus Energy Inc. (CVE)
Market Cap | 37.79B |
Revenue (ttm) | 39.22B |
Net Income (ttm) | 3.42B |
Shares Out | 1.87B |
EPS (ttm) | 1.77 |
PE Ratio | 11.39 |
Forward PE | 8.10 |
Dividend | $0.52 (2.59%) |
Ex-Dividend Date | Jun 14, 2024 |
Volume | 6,265,080 |
Open | 20.42 |
Previous Close | 20.42 |
Day's Range | 20.10 - 20.47 |
52-Week Range | 14.69 - 21.90 |
Beta | 2.77 |
Analysts | Strong Buy |
Price Target | 28.20 (+39.67%) |
Earnings Date | May 1, 2024 |
About 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 asse... [Read more]
Financial Performance
In 2023, Cenovus Energy's revenue was 52.20 billion, a decrease of -21.96% compared to the previous year's 66.90 billion. Earnings were 4.11 billion, a decrease of -36.29%.
Financial numbers in CAD Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for CVE stock is "Strong Buy." The 12-month stock price forecast is $28.2, which is an increase of 39.67% from the latest price.
News
These stocks could see ‘immense' profits as Canada's economy sinks, says veteran trader
The meme-stock trade is alive and kicking, while the rest of the market stews ahead of Wednesday's inflation data.
Cenovus reports voting results of annual meeting of shareholders
CALGARY, Alberta, May 01, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) held its annual meeting of shareholders on May 1, 2024. Each matter voted on is described in greater detai...
Cenovus announces first-quarter 2024 results
CALGARY, Alberta, May 01, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered solid results across its portfolio in the first quarter of 2024. Production from its upstream as...
Cenovus to hold first-quarter conference call and webcast, virtual annual meeting of shareholders on May 1
CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its first-quarter 2024 results on Wednesday, May 1. The news release will provide consolidat...
Cenovus Energy to invest $1.5 billion in Ohio refineries
Cenovus Energy has announced a $1.5 billion investment in its Ohio refineries, including Lima and Oregon, according to a local media report on Wednesday.
Canadian oil producer Cenovus to boost production 19% in five years
Cenovus Energy , Canada's third-largest oil producer, said on Tuesday it plans to boost energy production by 19% during the next five years as the country's pipeline capacity expands.
Cenovus to webcast Investor Day 2024
CALGARY, Alberta, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will hold its 2024 Investor Day in Toronto on Tuesday, March 5, 2024, at 8:30 a.m. ET (6:30 a.m. MT). Memb...
Cenovus Energy fourth-quarter profit misses estimates
Cenovus Energy narrowly missed estimates for quarterly profit on Thursday, hit by lower oil prices.
Cenovus announces fourth-quarter and full-year 2023 results
CALGARY, Alberta, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continued to deliver strong operational performance across the portfolio in the fourth quarter of 2023. T...
Cenovus to hold fourth-quarter, full-year 2023 results conference call and webcast February 15
CALGARY, Alberta, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its fourth-quarter and full-year 2023 results on Thursday, February 15. The news release wil...
Cenovus announces 2024 budget
CALGARY, Alberta, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2024 budget, delivering disciplined capital investment and balancing growth of the co...
Cenovus Energy announces renewal of share buyback program
CALGARY, Alberta, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that the Toronto Stock Exchange (“TSX”) has approved the renewal of the company's normal ...
Cenovus Energy's quarterly profit rises as production climbs
Canadian oil and gas firm Cenovus Energy's quarterly profit rose on Thursday, helped by strong demand for crude oil amid tight supplies and higher production.
Cenovus announces 2023 third-quarter results
CALGARY, Alberta, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered safe, reliable operations and strong financial performance in the third quarter of 2023. The co...
Cenovus to hold third-quarter conference call and webcast
CALGARY, Alberta, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its third-quarter 2023 results on Thursday, November 2. The news release will provide consoli...
Cenovus Energy announces pricing of tender offers for certain outstanding series of notes
CALGARY, Alberta, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today the total consideration payable in connection with its previously announced tender offer...
Cenovus Energy announces early tender results and increase of tender offers for certain outstanding series of notes
CALGARY, Alberta, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today the early tender results for its tender offers to purchase for cash certain of its outst...
Cenovus Energy announces tender offers for certain outstanding series of notes
CALGARY, Alberta, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today the commencement of tender offers to purchase for cash certain of its outstanding series...
Canada's Cenovus Energy reports lower second-quarter profit
Oil and gas producer Cenovus Energy Inc reported a 64% fall in second-quarter profit on Thursday, hurt by lower oil prices and wildfires in Canada's main oil producing province Alberta which forced pr...
Cenovus announces 2023 second-quarter results and organizational update
CALGARY, Alberta, July 27, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) generated nearly $2.0 billion in cash from operating activities, approximately $1.9 billion in adjusted f...
Cenovus to hold second-quarter conference call and webcast
CALGARY, Alberta, July 20, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its second-quarter 2023 results on Thursday, July 27. The news release will provide consolida...
Cenovus Energy releases 2022 ESG report
CALGARY, Alberta, June 29, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) released its 2022 environmental, social and governance (ESG) report today, detailing sustainability perfo...
Lloydminster's new event facility to be named Cenovus Energy Hub
LLOYDMINSTER, Alberta and LLOYDMINSTER, Saskatchewan, June 27, 2023 (GLOBE NEWSWIRE) -- The City of Lloydminster and Cenovus Energy today announced the region's newest event facility will be called th...
Cenovus announces repurchase of 84% of its outstanding warrants
CALGARY, Alberta, June 14, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached separate agreements with each of Hutchison Whampoa Europe Investments S.à r.l. (HWEI) and L.F...
Cenovus Continues with Restart of Ohio Refinery, an Industrial Info News Alert
SUGAR LAND, Texas--(BUSINESS WIRE)--Researched by Industrial Info Resources-- Workers at Cenovus Energy Incorporated's (NYSE:CVE) (Calgary, Alberta) Toledo refinery in Ohio hope to restart the facilit...