Cenovus Energy Inc. (CVE)

NYSE: CVE · Real-Time Price · USD
14.37
+0.06 (0.45%)
Mar 25, 2025, 4:00 PM EST - Market closed
0.45%
Market Cap 26.12B
Revenue (ttm) 37.72B
Net Income (ttm) 2.16B
Shares Out 1.82B
EPS (ttm) 1.16
PE Ratio 12.39
Forward PE 15.31
Dividend $0.61 (4.24%)
Ex-Dividend Date Mar 14, 2025
Volume 7,090,264
Open 14.41
Previous Close 14.30
Day's Range 14.26 - 14.57
52-Week Range 12.08 - 21.90
Beta 2.53
Analysts Buy
Price Target 29.25 (+103.62%)
Earnings Date Apr 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]

Sector Energy
Founded 2009
Employees 5,998
Stock Exchange NYSE
Ticker Symbol CVE
Full Company Profile

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 Statements

Analyst Forecast

According to 4 analysts, the average rating for CVE stock is "Buy." The 12-month stock price forecast is $29.25, which is an increase of 103.62% from the latest price.

Price Target
$29.25
(103.62% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Cenovus Energy: Free Cash Flow Is Second Half Loaded

The Series 5 preferred will be redeemed.  This cuts the amount of preferred outstanding roughly in half when combined with the Series 3 redemption. The net debt level needs to decline to the C$4 billi...

1 day ago - Seeking Alpha

Down, But Not Out: My Favorite Energy Stocks For Income And Growth

President Trump aims to lower oil prices, but domestic production growth faces challenges. The administration may turn to OPEC+ and political pressure to boost supply. Despite short-term volatility, m...

Other symbols: CNQCOPCVXEOGFANGKRPLB
14 days ago - Seeking Alpha

I'm Buying Magnificent Dividends Up To 9% Yield

A contrarian mindset can help dividend investors find bargains, with Crescent Capital BDC and Cenovus Energy offering high yields after recent price drops. Crescent Capital BDC carries a diversified d...

Other symbols: CCAP
26 days ago - Seeking Alpha

Cenovus Energy announces redemption of Series 5 Preferred Shares

CALGARY, Alberta, Feb. 27, 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 4.591% Se...

26 days ago - GlobeNewsWire

Cenovus: Bargain With An Excellent Shareholder Yield

CVE is cheap due to worries about tariffs, even though those are far from guaranteed. The company should see better free cash generation this year. CVE trades at a very undemanding valuation right now...

4 weeks ago - Seeking Alpha

Cenovus Energy: Weak Quarter Is The Time To Buy

Cenovus Energy reported a weak quarter. Concerns include refining issues and increased debt amid negative free cash flow. Both Toledo and Superior refineries improved operations. The startup expenses ...

4 weeks ago - Seeking Alpha

Cenovus Energy Inc. (CVE) Q4 2024 Earnings Call Transcript

Cenovus Energy Inc. (NYSE:CVE) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Patrick Read - VP, IR Jon McKenzie - CEO Kam Sandhar - EVP, Strategy and Corporate D...

4 weeks ago - Seeking Alpha

Canada's Cenovus Energy quarterly profit falls on weak oil prices

Canadian oil and gas producer Cenovus Energy posted a fall in fourth-quarter profit on Thursday, as lower commodity prices and weak refining margins offset higher production.

4 weeks ago - Reuters

Cenovus Announces Fourth-Quarter and Full-Year 2024 Results

CALGARY, Alberta, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its fourth-quarter and full-year 2024 financial and operating results. In the quarter, th...

4 weeks ago - GlobeNewsWire

Cenovus to hold fourth-quarter and full-year conference call and webcast on February 20

CALGARY, Alberta, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) will release its fourth-quarter and full-year 2024 results on Thursday, February 20, 2025. The news release...

5 weeks ago - GlobeNewsWire

Cenovus Energy: Tariff Fears Are Overblown, Loading Up On This Gem

Cenovus Energy's integrated upstream and downstream operations ensure resilience against market volatility, leading to strong cash flows and consistent financial results. The market is overestimating ...

2 months ago - Seeking Alpha

Buy The Drop On These Amazing Dividend Bargains

There is always something on sale, with now being a good time to pick up select names in the energy sector for high yields and value. Cenovus Energy is a Canadian oil and gas giant with integrated ope...

Other symbols: CNQCVXEPDETMPLXPAAXOM
3 months ago - Seeking Alpha

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.

Other symbols: CNQCVXIMOSUXOM
3 months ago - Benzinga

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...

3 months ago - GlobeNewsWire

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...

3 months ago - Seeking Alpha

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...

4 months ago - Seeking Alpha

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...

4 months ago - GlobeNewsWire

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 ...

4 months ago - Seeking Alpha

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 ...

4 months ago - GlobeNewsWire

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...

5 months ago - Seeking Alpha

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 ...

5 months ago - Seeking Alpha

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...

5 months ago - Seeking Alpha

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 ...

5 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

6 months ago - Seeking Alpha