Cenovus Energy Inc. (CVE)
| Market Cap | 30.04B |
| Revenue (ttm) | 38.31B |
| Net Income (ttm) | 1.94B |
| Shares Out | 1.80B |
| EPS (ttm) | 1.05 |
| PE Ratio | 15.97 |
| Forward PE | 38.51 |
| Dividend | $0.54 (3.24%) |
| Ex-Dividend Date | Sep 15, 2025 |
| Volume | 26,115,993 |
| Open | 16.70 |
| Previous Close | 16.75 |
| Day's Range | 16.59 - 16.82 |
| 52-Week Range | 10.23 - 18.62 |
| Beta | 1.33 |
| Analysts | Strong Buy |
| Price Target | 23.33 (+39.28%) |
| 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 39.28% from the latest price.
News
Why I Believe Energy Is The Ultimate Long-Term Bet - And Why It's Only Getting Better
Energy stocks offer compelling value due to low sector valuations, supply constraints, and long-term demand growth, making the sector highly attractive for investors. OPEC+ spare capacity is dwindling...
Cenovus Energy: In Defense Of The Bid
Cenovus Energy emphasizes long-term value over short-term premiums in its bid for MEG Energy. CVE's refining expertise enables dual profit streams from both production and refining. CVE brings the ope...
Cenovus CEO defends MEG Energy bid, which is 'fair and final'
The CEO of Canada's Cenovus Energy pushed back on Friday against criticisms of his company's bid for rival oil sands producer MEG Energy , telling Reuters the offer is fair and final.
Cenovus Energy: A Great Canadian O&G Company To Buy
Cenovus Energy stands out as a leading Canadian oil and gas company with a balanced upstream and downstream portfolio and a strong M&A track record. CVE's planned acquisition of MEG Energy is expected...
Cenovus hikes bid for MEG Energy to C$28.44 per share
Cenovus Energy said on Thursday it has raised its takeover offer for MEG Energy to C$28.44 per share from C$27.25, intensifying a months-long bidding war for the Canadian oil sands producer.
Cenovus releases presentation on MEG transaction highlighting superior value for shareholders
CALGARY, Alberta, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today released a presentation outlining the compelling advantages of its transaction with MEG Energy. Th...
MEG Energy urges investors to reject Strathcona's sweetened bid, backs Cenovus deal
Canadian oil sands producer MEG Energy on Monday urged shareholders to reject the sweetened takeover bid from its majority stakeholder Strathcona Resources , and reaffirmed support for sale to Cenovus...
Strathcona Resources Ltd. Confirms Filing of Amended Offer for MEG Energy Corp. and Reaffirms Willingness to Enter into Supported Transaction Following Cenovus Energy Inc.'s Election Not to Match Strathcona's Superior Proposal
CALGARY, AB , Sept. 11, 2025 /PRNewswire/ - Strathcona Resources Ltd.
Cenovus 'closing the door' on higher bid for MEG Energy, CEO tells Bloomberg News
Canada's Cenovus Energy does not plan to raise its bid for oil sands producer MEG Energy , despite a higher offer from Strathcona Resources , its CEO Jon McKenzie told Bloomberg News on Wednesday.
Phillips 66 to buy remaining WRB Refining stake from Cenovus for $1.4 billion
U.S. refiner Phillips 66 said on Tuesday it will acquire the remaining 50% stake in WRB Refining from Cenovus Energy for $1.4 billion, giving it full ownership of two major U.S. refineries.
Cenovus Energy to sell interest in WRB Refining to Phillips 66
CALGARY, Alberta, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced it has reached an agreement for the sale, indirectly through wholly-owned subsidiaries, ...
Canada's Strathcona sweetens MEG Energy bid to top Cenovus offer
Canadian oil and gas producer Strathcona Resources raised its all-share offer for MEG Energy on Monday, seeking to outbid Cenovus Energy.
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. (...
Oil Be Rich - Some Of My Favorite Energy Investments Everyone Should Know
Energy stocks are deeply hated and out of favor, with prices low and investors fleeing, creating rare opportunities for savvy, patient buyers. The sector's challenges are cyclical and tied to economic...
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...