Cenovus Energy Inc. (CVE)
| Market Cap | 26.32B |
| Revenue (ttm) | 41.20B |
| Net Income (ttm) | 2.74B |
| Shares Out | 1.83B |
| EPS (ttm) | 1.47 |
| PE Ratio | 9.60 |
| Forward PE | 11.74 |
| Dividend | $0.51 (3.53%) |
| Ex-Dividend Date | Dec 13, 2024 |
| Volume | 6,625,052 |
| Open | 14.25 |
| Previous Close | 14.35 |
| Day's Range | 14.21 - 14.62 |
| 52-Week Range | 14.21 - 21.90 |
| Beta | 2.62 |
| Analysts | Buy |
| Price Target | 30.00 (+108.04%) |
| Earnings Date | Feb 13, 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 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 4.07 billion, a decrease of -36.51%.
Financial numbers in CAD Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for CVE stock is "Buy." The 12-month stock price forecast is $30.0, which is an increase of 108.04% from the latest price.
News
Defensive Oil Stocks To Watch In 2025 Amid $70 Brent Forecast: JP Morgan
JP Morgan analyst John M Royall highlighted key trends for the North American Integrated Oils sector entering 2025, with updates on forecasts, price targets, and ratings on major companies.
Cenovus announces 2025 capital budget and corporate guidance
CALGARY, Alberta, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2025 corporate guidance, which includes capital investment of $4.6 billion to $5.0 bi...
Cenovus Energy: Well-Positioned For Strong Capital Returns
Cenovus Energy offers a compelling value and income growth opportunity, trading near its 52-week low with a forward P/E of 10.5. CVE's integrated operations, disciplined capital allocation, and strong...
Cenovus Energy: Even More Attractive
Cenovus Energy's shares have declined, but the company is ramping up cash returns to shareholders, leading to a fast-growing shareholder yield. A favorable US administration, undemanding valuation, an...
Cenovus Energy announces redemption of Series 3 Preferred Shares
CALGARY, Alberta, Nov. 25, 2024 (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 4.689% Se...
Cenovus: Record Valuation Discount Could Set Up Strong Returns
Cenovus delivered a solid Q3 with upstream production above expectations as the turnaround at Christina Lake was finished ahead of time. Downstream remains a drag on group performance, yet management ...
Cenovus Energy announces renewal of share buyback program
CALGARY, Alberta, Nov. 07, 2024 (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: The Optimization Continues
Cenovus Energy should perform better as an integrated company than it did in the past when the business was mostly upstream during cyclical downturns. Earnings showed improvement over the past. The pr...
Cash-Flow Gusher: Why Cenovus Remains One Of My Favorite Energy Plays
Canada's rich reserves and export growth make Cenovus Energy a compelling dividend stock, especially with rising U.S. demand and expanded access to Asian markets. Cenovus' integration of upstream and ...
Cenovus Energy Inc. (CVE) Q3 2024 Earnings Conference Call Transcript
Cenovus Energy Inc. (NYSE:CVE) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Patrick Read - VP, IR Jon McKenzie - CEO Kam Sandhar - EVP, Strategy and Corporate De...
Cenovus announces third quarter 2024 results
CALGARY, Alberta, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its financial and operating results for the third quarter of 2024. The company generated ...
Cenovus to hold third-quarter conference call and webcast on October 31
CALGARY, Alberta, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its third-quarter 2024 results on Thursday, October 31. The news release will provide consoli...
Cenovus Energy Will Shine In Any Bear Market
Cenovus Energy has been an integrated producer for a short time. But it has a growth story that goes back a decade. Both stories should result in a higher valuation. The company's strategic cost-cutti...
US-based Cenovus refinery to pay penalty for violating emissions rules
A U.S.-based refinery owned by Canada's Cenovus Energy will pay a $19 million penalty and spend an estimated $150 million in capital investments after violating emissions rules, U.S. authorities said ...
Cenovus Energy: Once More, But With Feeling
Cenovus Energy's stock has seen no price returns since July 2023, but this presents a buying opportunity due to its compelling valuation. Despite a production beat, Q2 2024 results missed AFFO expecta...
Cenovus Energy: A Cash Flow Monster
Cenovus Energy has achieved its net debt target, allowing for increased shareholder returns through buybacks and dividends, enhancing investor value. Despite recent oil price volatility, Cenovus remai...
Cenovus Energy: One Of My Best Ideas In Oil & Gas
Hedge funds have turned bearish on commodities, similar to 2016. Concerns about China's growth and supply issues are affecting the market. Despite the bearish outlook, there's potential in Canadian en...
Cenovus Energy Inc. (CVE) Q2 2024 Earnings Call Transcript
Cenovus Energy Inc. (NYSE:CVE) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Patrick Read - Vice President, Investor Relations Jon McKenzie - Chief Executive Office...
Cenovus Energy: Net Debt Target Bullseye So Here Comes The Cash
Cenovus Energy hit the net debt target in July. Cenovus Energy to direct 100% of excess free cash flow to shareholder returns beginning with the third quarter. That is a whole lot more money available...
Canada's Cenovus Energy posts higher second-quarter profit estimates
Cenovus Energy posted a rise in second-quarter profit on Thursday, as the Canadian oil and gas company benefited from higher throughput volumes and an increase in production.
Cenovus announces second quarter 2024 results
CALGARY, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered strong operational performance across its portfolio in the second quarter of 2024, with solid p...
Cenovus to hold second-quarter conference call and webcast on August 1
CALGARY, Alberta, July 25, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its second-quarter 2024 results on Thursday, August 1. The news release will provide consolid...
Top Growth And Dividend Long-Term Stocks For Mid-Year 2024
The Top Dividend Growth stock model aims to deliver optimal total return with reliable growth factors and high dividends for higher profitability long-term. Only one stock of the 15 largest Mega Cap s...
Competition Act amendments silence Canadian businesses taking climate action
CALGARY, Alberta, June 20, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE), as a member of Pathways Alliance, today issued the following statement with respect to the Canadian gove...
Cenovus Energy: Doubts Creep In
The stock price took years to respond to the profitability improvements made after the acquisition of the ConocoPhillips Partnership interest. It is therefore not surprising that the stock has not res...