Cenovus Energy Inc. (CVE)

NYSE: CVE · Real-Time Price · USD
16.10
-0.24 (-1.47%)
Nov 8, 2024, 9:54 AM EST - Market open
-1.47%
Market Cap 29.83B
Revenue (ttm) 41.20B
Net Income (ttm) 2.74B
Shares Out 1.83B
EPS (ttm) 1.47
PE Ratio 10.98
Forward PE 9.98
Dividend $0.52 (3.21%)
Ex-Dividend Date Dec 13, 2024
Volume 599,252
Open 16.18
Previous Close 16.34
Day's Range 16.05 - 16.21
52-Week Range 14.69 - 21.90
Beta 2.64
Analysts Buy
Price Target 30.00 (+86.34%)
Earnings Date Oct 31, 2024

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]

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

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 Statements

Analyst 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 86.34% from the latest price.

Price Target
$30.0
(86.34% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 ...

1 day 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...

6 days 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 ...

6 days 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...

7 days 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 ...

8 days 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...

15 days 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...

5 weeks ago - Seeking Alpha

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 ...

5 weeks ago - Reuters

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...

2 months ago - Seeking Alpha

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...

2 months ago - Seeking Alpha

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...

3 months ago - Seeking Alpha

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...

3 months ago - Seeking Alpha

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...

3 months ago - Seeking Alpha

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.

3 months ago - Reuters

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...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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...

4 months ago - Seeking Alpha

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...

5 months ago - GlobeNewsWire

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...

5 months ago - Seeking Alpha

The Negativity Toward Cenovus Energy Is Overdone

Cenovus Energy Inc. has underperformed its peers. We expect near-term catalysts to improve sentiment and push Cenovus Energy shares higher over the coming months. Longer-term gains will come from the ...

5 months ago - Seeking Alpha

Canada's oil sands CEOs push back against proposed oil and gas emissions cap

Canada's biggest oil sands producers support a paying a tax on carbon but see a proposed federal oil and gas emissions cap as unnecessary legislation, the companies' CEOs told lawmakers in Ottawa on T...

Other symbols: ENBIMOSU
5 months ago - Reuters

Cenovus Energy: 29% Dividend Hike Is Just The Beginning

Cenovus Energy has raised its dividend by 29% due to declining debt levels and strong free cash generation. The company's oil sands operations generate attractive cash flows with low break-even costs....

5 months ago - Seeking Alpha

These stocks could see ‘immense' profits as Canada's economy sinks, says veteran trader

The meme-stock trade is alive and kicking, while the rest of the market stews ahead of Wednesday's inflation data.

Other symbols: CNQMEG
6 months ago - Market Watch

Cash Flow Gusher: How Cenovus Energy Can Shower You With Dividends

Canadian oil sands are looking to boost output by 15% through 2030, providing a valuable source of supply growth in a world without U.S. shale growth. Cenovus Energy, a Canadian oil company, has stron...

6 months ago - Seeking Alpha

Cenovus reports voting results of annual meeting of shareholders

CALGARY, Alberta, May 01, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) held its annual meeting of shareholders on May 1, 2024. Each matter voted on is described in greater detai...

6 months ago - GlobeNewsWire