Cenovus Energy Inc. (CVE)
| Market Cap | 31.78B |
| Revenue (ttm) | 37.06B |
| Net Income (ttm) | 2.24B |
| Shares Out | 1.75B |
| EPS (ttm) | 1.23 |
| PE Ratio | 14.72 |
| Forward PE | 42.16 |
| Dividend | $0.54 (3.00%) |
| Ex-Dividend Date | Sep 15, 2025 |
| Volume | 10,796,845 |
| Open | 18.22 |
| Previous Close | 18.27 |
| Day's Range | 17.92 - 18.33 |
| 52-Week Range | 10.23 - 18.61 |
| Beta | 0.72 |
| Analysts | Strong Buy |
| Price Target | 21.00 (+15.83%) |
| 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 $21.0, which is an increase of 15.83% from the latest price.
News
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.
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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...
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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...