Cenovus Energy Inc. (CVE)
| Market Cap | 29.92B |
| Revenue (ttm) | 38.31B |
| Net Income (ttm) | 1.94B |
| Shares Out | 1.80B |
| EPS (ttm) | 1.05 |
| PE Ratio | 16.14 |
| Forward PE | 15.55 |
| Dividend | $0.53 (3.14%) |
| Ex-Dividend Date | Jun 13, 2025 |
| Volume | 5,630,374 |
| Open | 16.59 |
| Previous Close | 16.61 |
| Day's Range | 16.51 - 16.96 |
| 52-Week Range | 10.23 - 18.62 |
| Beta | 1.32 |
| Analysts | Strong Buy |
| Price Target | 23.33 (+37.8%) |
| Earnings Date | Oct 30, 2025 |
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 Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments. The company develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. Its oil sand assets include Foster Creek, Christina Lake, and Sunrise projects, as well as Lloydminster thermal and conventional heavy oil assets. It al... [Read more]
Financial Performance
In 2024, Cenovus Energy's revenue was 54.28 billion, an increase of 3.97% compared to the previous year's 52.20 billion. Earnings were 3.11 billion, a decrease of -23.74%.
Financial numbers in CAD Financial StatementsAnalyst Summary
According to 3 analysts, the average rating for CVE stock is "Strong Buy." The 12-month stock price target is $23.33, which is an increase of 37.80% from the latest price.
News
Canada's Strathcona seeks to raise MEG Energy stake, opposes Cenovus bid
Canadian oil and gas producer Strathcona Resources said on Thursday it intends to buy an additional 5% stake in rival MEG Energy and vote against the acquisition of MEG by another rival, Cenovus Energ...
Cenovus Energy to acquire MEG Energy in C$7.9 billion deal
Canadian oil producer MEG Energy said on Friday it has agreed to be acquired by larger peer Cenovus Energy in a C$7.9 billion cash-and-stock deal, including debt.
Cenovus announces agreement to acquire MEG Energy
CALGARY, Alberta, Aug. 22, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into a definitive arrangement agreement to acquire MEG Energy Corp. (...
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Cenovus said in talks with Canadian Indigenous groups for MEG Energy, Bloomberg News reports
Cenovus Energy is in talks with Indigenous groups in Canada to jointly buy MEG Energy , Bloomberg News reported on Tuesday, citing people familiar with the discussions.
Cenovus Energy: Growth, Repurchase Program, And Competitive Advantage Are Compelling Advantages
Cenovus expects to increase its production by 19.17% from 2024 to 2034. Since 2021, the company has implemented a repurchase program and has reduced its common shares by 9.52% in that period. CVE has ...
Cenovus Energy: Working Capital Build In The First Quarter Reverses
Adjusted cash flow and free cash flow make little sense when GAAP or IFRS (calculations) show a lack of cash flow to support the conclusion to start with. Working capital needs are a legitimate use of...
Cenovus Energy Inc. (CVE) Q2 2025 Earnings Call Transcript
Cenovus Energy Inc. (NYSE:CVE) Q2 2025 Earnings Conference Call July 31, 2025 11:00 AM ET Company Participants Geoffrey T. Murray - Executive Vice-President of Commercial Jeffery G.
Canada's Cenovus Energy second-quarter profit falls on lower production
Canadian oil and gas producer Cenovus Energy posted a fall in second-quarter profit on Thursday, hurt by lower upstream production due to the impact from wildfires.
Cenovus announces second-quarter 2025 results
CALGARY, Alberta, July 31, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its second-quarter 2025 financial and operating results. The company generated approximat...
Cenovus to hold second-quarter 2025 conference call and webcast on July 31
CALGARY, Alberta, July 24, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) will release its second-quarter 2025 results on Thursday, July 31, 2025. The news release will provide cons...
Cenovus Energy: A Little More Deleveraging
Cenovus Energy continues redeeming preferred shares. Temporary production shutdown from Alberta fires will slightly lower output. Net debt rose in Q1 due to a working capital increase.
Cenovus Energy: One Of My Favorite Value Stocks In Energy
Cenovus Energy offers compelling value, trading at a discount despite robust fundamentals and a recent 11% dividend increase, yielding 4.3%. CVE has low-cost, long-life oil sands assets and a diversif...
20 oil stocks passing a quality screen as Investors wonder what Iran will do next
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Canada's Cenovus Energy restarts production at Christina Lake oil sands
Canadian oil producer Cenovus Energy said on Thursday it had restarted production at its Christina Lake oil sands facility in Alberta, following a temporary shutdown due to nearby wildfire activity.
Cenovus Energy restores full production at Christina Lake
CALGARY, Alberta, June 12, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has now safely ramped up production at its Christina Lake oil sands asset following wildfire activity in ...
US still dependent on Canadian oil, despite Trump's claims, Cenovus CEO says
The U.S. is still reliant on Canadian oil imports, despite claims made by U.S. President Donald Trump, Cenovus Energy's CEO said on Tuesday at a conference in Calgary, Alberta.
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Cenovus Energy announces redemption of Series 7 Preferred Shares
CALGARY, Alberta, June 02, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (“Cenovus” or the “Company”) (TSX: CVE) (NYSE: CVE) announced today it will exercise its right to redeem the Company's 3.935% Se...
Cenovus Energy: Another Dividend Increase
Cenovus Energy's rapidly growing dividend is well-supported by integrated operations and low-cost thermal assets. Preferred share retirement, growing dividends, and share buybacks highlight strong sha...
Cenovus Energy provides operations update on impact of Alberta wildfires
CALGARY, Alberta, June 01, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is providing an update on its Oil Sands operations following ongoing wildfire activity in northern Albert...
Cenovus Energy: Disciplined Growth, Aggressive Buybacks, Real Value
Cenovus Energy offers disciplined growth, low-cost operations, and rising shareholder returns through aggressive buybacks and a growing dividend. Production is set to grow by 40% per share, with major...
Cenovus Energy scales back non-essential staff as Canada wildfires spread
Cenovus Energy said on Wednesday it was scaling back non-essential workers at its Foster Creek facility in response to wildfires in northern Alberta.
Cenovus reports voting results of annual meeting of shareholders
CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) held its annual meeting of shareholders on May 8, 2025. Each matter voted on is described in greater detai...
Cenovus Energy Inc. (CVE) Q1 2025 Earnings Call Transcript
Cenovus Energy Inc. (NYSE:CVE) Q1 2025 Earnings Conference Call May 8, 2025 11:00 AM ET Company Participants Patrick Read – Vice President, Investor Relations and Internal Audit Jon McKenzie – Chief ...