Cenovus Energy Inc. (CVE)
| Market Cap | 31.59B |
| Revenue (ttm) | 37.06B |
| Net Income (ttm) | 2.24B |
| Shares Out | 1.75B |
| EPS (ttm) | 1.23 |
| PE Ratio | 13.63 |
| Forward PE | 19.37 |
| Dividend | $0.56 (3.34%) |
| Ex-Dividend Date | Dec 15, 2025 |
| Volume | 6,728,249 |
| Open | 16.79 |
| Previous Close | 16.72 |
| Day's Range | 16.55 - 16.90 |
| 52-Week Range | 10.23 - 18.75 |
| Beta | 0.72 |
| Analysts | Strong Buy |
| Price Target | 24.00 (+43.03%) |
| Earnings Date | Oct 31, 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 2 analysts, the average rating for CVE stock is "Strong Buy." The 12-month stock price target is $24.0, which is an increase of 43.03% from the latest price.
News
I Think Investors Are Missing The Best Energy Trade For 2026
The S&P 500 has delivered an 80% return over the past three years, significantly outperforming energy stocks. Despite a 7% year-to-date gain, energy remains an underperformer compared to the broader m...
Cenovus announces 2026 capital budget and corporate guidance
CALGARY, Alberta, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2026 capital budget and corporate guidance.
Cenovus Energy: Buying Scale, Boosting Returns, And Still Undervalued
Cenovus Energy (CVE) remains a buy, driven by the strategic MEG Energy acquisition and robust operational performance. The MEG deal adds 110,000 bbl/d, unlocks >C$400M annual synergies by 2028, and en...
Cenovus announces closing of $2.6 billion offering of senior notes and redemption of select notes
CALGARY, Alberta, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has completed a public offering in Canada and the United States of $2.6 billion in senior notes comprised...
Cenovus Energy announces $2.6 billion offering of senior notes
The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the offering of Canadian Notes will be accessible through SEDAR+ within two business day...
Cenovus announces closing of MEG Energy acquisition
CALGARY, Alberta, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is pleased to announce that its acquisition of MEG Energy Corp. (TSX: MEG) (MEG) was completed today. Thi...
Cenovus Energy announces renewal of share buyback program
CALGARY, Alberta, Nov. 07, 2025 (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 ...
MEG Energy shareholders vote in favor of Cenovus' takeover bid
Canadian oil sands producer MEG Energy shareholders on Thursday voted in favor of a buyout by Cenovus Energy.
One Of The Best Energy Opportunities I've Seen In My Career - And Nobody Cares
Energy stocks are deeply undervalued relative to the S&P 500, offering attractive risk/reward as AI and LNG trends drive future demand. Natural gas markets are entering a structurally tight phase, wit...
Cenovus Energy: Raking In The Cash
Cenovus Energy delivered a major earnings beat. The refinery sale provided roughly C$1.8 billion in incoming cash. Significant share buybacks of nearly C$1 billion highlighted management's confidence ...
Cenovus Energy Inc. (CVE:CA) Q3 2025 Earnings Call Transcript
Cenovus Energy Inc. ( CVE:CA) Q3 2025 Earnings Call October 31, 2025 11:00 AM EDT Company Participants Patrick Read Jonathan McKenzie - President, CEO & Non-Independent Director Kam Sandhar - Executi...
Cenovus announces third-quarter 2025 results
CALGARY, Alberta, Oct. 31, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its third-quarter 2025 financial and operating results. The company generated approximate...
MEG Energy adjourns shareholder vote on Cenovus offer citing regulatory inquiry
The board of Canadian oil sands company MEG Energy adjourned its expected shareholder vote Thursday on a buyout by Cenovus Energy , saying a regulatory inquiry has prompted the need to disclose additi...
MEG Energy pauses meeting on Cenovus takeover vote to address 'regulatory inquiry'
MEG Energy paused the shareholder meeting to vote on the Cenovus Energy takeover bid on Thursday, to address a "regulatory inquiry" it received on Wednesday evening.
Cenovus Energy further sweetens MEG Energy takeover offer
MEG Energy said on Monday Cenovus Energy has further sweetened its takeover offer for the company to C$30.00 per share, ahead of the shareholder vote.
Cenovus announces amendment to agreement with MEG Energy and voting support agreement with Strathcona Resources Ltd.
CALGARY, Alberta, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into a second amending agreement in respect of the arrangement agreem...
Strathcona Resources Ltd. Announces Voting Support Agreement for Cenovus Energy Inc.'s Acquisition of MEG Energy Corp. and Agreement to Purchase Vawn Thermal Project and Certain Undeveloped Thermal Lands from Cenovus
CALGARY, AB , Oct. 27, 2025 /PRNewswire/ - Strathcona Resources Ltd. (" Strathcona ") today announced it has entered into a voting support agreement (the "Voting Support Agreement") with Cenovus Energ...
Cenovus to hold third-quarter 2025 conference call and webcast on October 31
CALGARY, Alberta, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) will release its third-quarter 2025 results on Friday, October 31, 2025. The news release will provide cons...
MEG Energy postpones shareholder meeting to vote on merger with Cenovus
MEG Energy Corp said on Tuesday it has postponed a shareholder meeting to vote on its proposed takeover by Cenovus Energy to October 30, after the latter exercised its right to delay it, allowing more...
Special meeting of MEG shareholders to vote on Cenovus transaction postponed to Thursday, October 30, 2025
CALGARY, Alberta, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that the special meeting of holders of common shares of MEG Energy Corp. (“MEG”) related ...
Cenovus Energy acquires additonal shares in MEG Energy
Cenovus Energy bought more shares in MEG Energy , raising its stakes to 9.8% in the Canadian oil sand company.
Cenovus Energy acquires additional MEG Energy common shares
CALGARY, Alberta, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has acquired an additional 3,276,460 common shares of MEG Energy Corp. (“MEG”) th...
Cenovus Energy acquires 8.5% of MEG Energy common shares
CALGARY, Alberta, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has acquired an aggregate of 21,723,540 common shares of MEG Energy Corp. (“MEG”)...
Cenovus sweetens takeover offer to $6.2 billion for MEG Energy
Cenovus Energy on Wednesday sweetened its offer to acquire MEG Energy, raising the value of the proposed deal to C$29.80 per share, in an attempt to match a rival bid from Strathcona Resources.
Cenovus announces amended agreement with increased price to acquire MEG Energy and provides update on third-quarter operating results
CALGARY, Alberta, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into an amending agreement in respect of the arrangement agreement da...