Cenovus Energy Inc. (CVE)
| Market Cap | 59.00B +87.7% |
| Revenue (ttm) | 37.93B +3.1% |
| Net Income | 4.69B +148.9% |
| EPS | 2.55 +153.0% |
| Shares Out | 1.84B |
| PE Ratio | 12.54 |
| Forward PE | 9.40 |
| Dividend | $0.61 (1.90%) |
| Ex-Dividend Date | Sep 15, 2026 |
| Volume | 9,572,721 |
| Open | 32.67 |
| Previous Close | 32.62 |
| Day's Range | 31.86 - 32.72 |
| 52-Week Range | 15.63 - 34.16 |
| Beta | 0.60 |
| Analysts | Buy |
| Price Target | 36.48 (+14.11%) |
| Est. Earnings | Oct 30, 2026 |
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, the United States, and China. It operates through Upstream and Downstream segments. The company is involved in the development and production of bitumen and heavy oil; owns and operates pipeline gathering systems and terminals; operation of assets rich in NGLs and natural gas in Alberta and British Columbia; and offshore operations, exploration, and development activities in ... [Read more]
Financial Performance
In 2025, Cenovus Energy's revenue was 49.70 billion, a decrease of -8.44% compared to the previous year's 54.28 billion. Earnings were 3.92 billion, an increase of 26.08%.
Financial numbers in CAD Financial StatementsAnalyst Summary
According to 16 analysts, the average rating for CVE stock is "Buy." The 12-month stock price target is $36.48, which is an increase of 14.11% from the latest price.
News
Cenovus Energy price target lowered to C$51 from C$53 at Raymond James
Raymond James analyst Michael Barth lowered the firm’s price target on Cenovus Energy (CVE) to C$51 from C$53 and keeps an Outperform rating on the shares.
M&A News: Canada’s Cenovus Energy (CVE) Buys Athabasca Oil for $4 Billion
Two Canadian energy giants are planning to combine as the sector seeks to achieve greater economies of scale.
Cenovus Energy Transcript: M&A announcement
The CAD 5.7B acquisition adds long-life oil sands reserves, Duvernay ownership and thermal growth options, with ~CAD 85M in annual synergies. Accelerated development targets ~115,000 bbl/day of thermal production by 2032; adjusted funds flow/share accretion is expected in 2027.
Cenovus Energy Press release: M&A announcement
Cenovus Energy issued a press release on October 5, 2026, disclosing material business information to investors.
Cenovus Energy Slides: M&A announcement
Cenovus Energy has posted slides in relation to its latest quarterly earnings report, which was published on October 5, 2026.
Cenovus to buy Athabasca Oil in C$5.7 billion cash-and-stock deal
Cenovus Energy said on Monday it would acquire Athabasca Oil in a cash-and-stock transaction valuing the Canadian oil producer at an implied enterprise value of C$5.7 billion ($4.00 billio...
Cenovus Energy to acquire Athabasca Oil for $5.7B in cash and stock
06:00 EDT Cenovus Energy (CVE) to acquire Athabasca Oil for $5.7B in cash and stock
Cenovus Energy to acquire Athabasca Oil for $5.7B in cash and stock
Cenovus Energy (CVE) announced that it has entered into a definitive arrangement agreement to acquire Athabasca Oil Corporation in a cash and stock transaction with an implied enterprise value of…
Athabasca Oil Announces Agreement to be Acquired by Cenovus Energy
CALGARY, Alberta, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to announce that it has entered into a definitive arrangement agreeme...
Cenovus announces agreement to acquire Athabasca Oil Corporation
CALGARY, Alberta, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into a definitive arrangement agreement to acquire Athabasca Oil Corp...
Cenovus Energy price target raised to C$51 from C$46 at Raymond James
Raymond James analyst Michael Barth raised the firm’s price target on Cenovus Energy (CVE) to C$51 from C$46 and keeps an Outperform rating on the shares.
Cenovus Energy upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Arun Jayaram upgraded Cenovus Energy (CVE) to Overweight from Neutral with a price target of C$58, up from C$51. The firm adjusted ratings in the exploration and production…
Cenovus Energy price target raised to C$52 from C$48 at CIBC
CIBC raised the firm’s price target on Cenovus Energy (CVE) to C$52 from C$48 and keeps an Outperformer rating on the shares.
Cenovus Energy price target raised to C$50 from C$43 at Morgan Stanley
Morgan Stanley raised the firm’s price target on Cenovus Energy (CVE) to C$50 from C$43 and keeps an Overweight rating on the shares. The firm updated estimates and targets in…
Cenovus Energy price target raised to C$51 from C$47 at RBC Capital
RBC Capital raised the firm’s price target on Cenovus Energy (CVE) to C$51 from C$47 and keeps an Outperform rating on the shares following “robust” Q2 earnings along with a…
Cenovus Energy price target raised to C$51 from C$49 at Scotiabank
Scotiabank analyst Chris MacCulloch raised the firm’s price target on Cenovus Energy (CVE) to C$51 from C$49 and keeps an Outperform rating on the shares.
Cenovus Energy Earnings Call Transcript: Q2 2026
Record quarterly results driven by strong oil sands production, cost discipline, and high downstream utilization. Full-year production guidance was raised, capital spending remains on track, and shareholder returns increased as net debt fell.
Cenovus Energy MD&A: Q2 2026
Cenovus Energy filed a regulatory document on July 29, 2026 disclosing important business information.
Cenovus Energy Earnings release: Q2 2026
Cenovus Energy released its Q2 2026 earnings on July 29, 2026, summarizing the period's financial results.
Cenovus Energy Report: Q2 2026
Cenovus Energy published a report on July 29, 2026 containing material business information for investors and shareholders.
Cenovus Energy Slides: Q2 2026
Cenovus Energy has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on July 29, 2026.
Cenovus Energy reaffirms FY26 capital investment $5.0B-$5.3B
Changes to the company’s 2026 guidance include: Total upstream production raised to a range of 970 MBOE/d to 1,010 MBOE/d, an increase of 25 MBOE/d. This includes the impacts of…
Cenovus Energy reports Q2 adjusted EPS $2.66, consensus $1.16
Reports Q2 revenue $17.4B, consensus $17.74B. Reports Q2 Delivered Upstream production 970.4 MBOE/d, an increase of over 200 MBOE/d from last year. “Through disciplined execution across the Upstream a...
Cenovus announces second-quarter 2026 results
CALGARY, Alberta, July 29, 2026 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its second-quarter 2026 financial and operating results. In the quarter, the company gene...
Cenovus to hold second-quarter 2026 conference call and webcast on July 29
CALGARY, Alberta, July 22, 2026 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) will release its second-quarter 2026 results on Wednesday, July 29, 2026. The news release will provide con...