Cenovus Energy Inc. (CVE)

NYSE: CVE · Real-Time Price · USD
17.31
+0.53 (3.16%)
At close: Oct 23, 2025, 4:00 PM EDT
17.31
0.00 (0.00%)
After-hours: Oct 23, 2025, 7:00 PM EDT
3.16%
Market Cap29.82B
Revenue (ttm)38.31B
Net Income (ttm)1.94B
Shares Out 1.78B
EPS (ttm)1.05
PE Ratio16.50
Forward PE15.36
Dividend$0.54 (3.14%)
Ex-Dividend DateSep 15, 2025
Volume17,094,686
Open17.08
Previous Close16.78
Day's Range17.04 - 17.56
52-Week Range10.23 - 18.61
Beta1.24
AnalystsStrong Buy
Price Target23.33 (+34.78%)
Earnings DateOct 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 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 34.78% from the latest price.

Price Target
$23.33
(34.78% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

2 hours ago - GlobeNewsWire

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...

2 days ago - Reuters

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 ...

2 days ago - GlobeNewsWire

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.

8 days ago - Reuters

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...

8 days ago - GlobeNewsWire

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”)...

9 days ago - GlobeNewsWire

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.

15 days ago - Reuters

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...

15 days ago - GlobeNewsWire

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...

Other symbols: ARCNQDVNEOGFANGLBPR
24 days ago - Seeking Alpha

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...

4 weeks ago - Seeking Alpha

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.

4 weeks ago - Reuters

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...

4 weeks ago - Seeking Alpha

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.

5 weeks ago - Reuters

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...

5 weeks ago - GlobeNewsWire

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...

5 weeks ago - Reuters

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.

6 weeks ago - Reuters

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.

Other symbols: PSX
6 weeks ago - Reuters

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, ...

6 weeks ago - GlobeNewsWire

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.

6 weeks ago - Reuters

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...

7 weeks ago - Reuters

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.

2 months ago - Reuters

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. (...

2 months ago - GlobeNewsWire

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...

Other symbols: CNQCVXFANGLBPRSUTPL
2 months ago - Seeking Alpha

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.

2 months ago - Reuters