Cenovus Energy Inc. (CVE)

NYSE: CVE · IEX Real-Time Price · USD
17.62
+0.02 (0.11%)
At close: Feb 23, 2024, 4:00 PM
17.02
-0.60 (-3.41%)
After-hours: Feb 23, 2024, 7:14 PM EST
0.11%
Market Cap 32.98B
Revenue (ttm) 39.25B
Net Income (ttm) 3.09B
Shares Out 1.87B
EPS (ttm) 1.57
PE Ratio 11.22
Forward PE 6.77
Dividend $0.41 (2.35%)
Ex-Dividend Date Mar 14, 2024
Volume 7,944,266
Open 17.56
Previous Close 17.60
Day's Range 17.34 - 17.69
52-Week Range 14.69 - 21.37
Beta 2.80
Analysts Strong Buy
Price Target 27.75 (+57.49%)
Earnings Date Feb 15, 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 4.11 billion, a decrease of -36.29%.

Financial numbers in CAD Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for CVE stock is "Strong Buy." The 12-month stock price forecast is $27.75, which is an increase of 57.49% from the latest price.

Price Target
$27.75
(57.49% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Cenovus Energy fourth-quarter profit misses estimates

Cenovus Energy narrowly missed estimates for quarterly profit on Thursday, hit by lower oil prices.

10 days ago - Reuters

Cenovus announces fourth-quarter and full-year 2023 results

CALGARY, Alberta, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continued to deliver strong operational performance across the portfolio in the fourth quarter of 2023. T...

10 days ago - GlobeNewsWire

Cenovus to hold fourth-quarter, full-year 2023 results conference call and webcast February 15

CALGARY, Alberta, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its fourth-quarter and full-year 2023 results on Thursday, February 15. The news release wil...

16 days ago - GlobeNewsWire

Cenovus announces 2024 budget

CALGARY, Alberta, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2024 budget, delivering disciplined capital investment and balancing growth of the co...

2 months ago - GlobeNewsWire

Cenovus Energy announces renewal of share buyback program

CALGARY, Alberta, Nov. 07, 2023 (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 ...

3 months ago - GlobeNewsWire

Cenovus Energy's quarterly profit rises as production climbs

Canadian oil and gas firm Cenovus Energy's quarterly profit rose on Thursday, helped by strong demand for crude oil amid tight supplies and higher production.

4 months ago - Reuters

Cenovus announces 2023 third-quarter results

CALGARY, Alberta, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered safe, reliable operations and strong financial performance in the third quarter of 2023. The co...

4 months ago - GlobeNewsWire

Cenovus to hold third-quarter conference call and webcast

CALGARY, Alberta, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its third-quarter 2023 results on Thursday, November 2. The news release will provide consoli...

4 months ago - GlobeNewsWire

Cenovus Energy announces pricing of tender offers for certain outstanding series of notes

CALGARY, Alberta, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today the total consideration payable in connection with its previously announced tender offer...

5 months ago - GlobeNewsWire

Cenovus Energy announces early tender results and increase of tender offers for certain outstanding series of notes

CALGARY, Alberta, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today the early tender results for its tender offers to purchase for cash certain of its outst...

5 months ago - GlobeNewsWire

Cenovus Energy announces tender offers for certain outstanding series of notes

CALGARY, Alberta, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today the commencement of tender offers to purchase for cash certain of its outstanding series...

6 months ago - GlobeNewsWire

Canada's Cenovus Energy reports lower second-quarter profit

Oil and gas producer Cenovus Energy Inc reported a 64% fall in second-quarter profit on Thursday, hurt by lower oil prices and wildfires in Canada's main oil producing province Alberta which forced pr...

7 months ago - Reuters

Cenovus announces 2023 second-quarter results and organizational update

CALGARY, Alberta, July 27, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) generated nearly $2.0 billion in cash from operating activities, approximately $1.9 billion in adjusted f...

7 months ago - GlobeNewsWire

Cenovus to hold second-quarter conference call and webcast

CALGARY, Alberta, July 20, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its second-quarter 2023 results on Thursday, July 27. The news release will provide consolida...

7 months ago - GlobeNewsWire

Cenovus Energy releases 2022 ESG report

CALGARY, Alberta, June 29, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) released its 2022 environmental, social and governance (ESG) report today, detailing sustainability perfo...

8 months ago - GlobeNewsWire

Lloydminster's new event facility to be named Cenovus Energy Hub

LLOYDMINSTER, Alberta and LLOYDMINSTER, Saskatchewan, June 27, 2023 (GLOBE NEWSWIRE) -- The City of Lloydminster and Cenovus Energy today announced the region's newest event facility will be called th...

8 months ago - GlobeNewsWire

Cenovus announces repurchase of 84% of its outstanding warrants

CALGARY, Alberta, June 14, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached separate agreements with each of Hutchison Whampoa Europe Investments S.à r.l. (HWEI) and L.F...

9 months ago - GlobeNewsWire

Cenovus Continues with Restart of Ohio Refinery, an Industrial Info News Alert

SUGAR LAND, Texas--(BUSINESS WIRE)--Researched by Industrial Info Resources-- Workers at Cenovus Energy Incorporated's (NYSE:CVE) (Calgary, Alberta) Toledo refinery in Ohio hope to restart the facilit...

9 months ago - Business Wire

Cenovus Energy restarts 62,000 boepd wildfire-impacted production

Canada's Cenovus Energy Inc said on Monday it had restarted about 62,000 barrels of oil equivalent per day (boepd) of production after shutdowns in May due to wildfires in Alberta.

9 months ago - Reuters

Cenovus Energy updates production impact of Alberta wildfires

CALGARY, Alberta, June 05, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has safely restarted approximately 62,000 barrels of oil equivalent per day (BOE/d) of production, from t...

9 months ago - GlobeNewsWire

Canadian oil sands output expected to reach 3.7 mln bpd by 2030 - S&P Global

Canadian oil sands production is expected to reach 3.7 million barrels per day by 2030, S&P Global said on Thursday, raising the analytics firm's 2030 production outlook for the country for the first ...

Other symbols: CNQCOPIMOSU
9 months ago - Reuters

Cenovus Energy supports communities impacted by Alberta wildfires

CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced a $200,000 donation to the Canadian Red Cross 2023 Alberta Fires Appeal to help support im...

10 months ago - GlobeNewsWire

Alberta wildfires halt some energy companies' operations

A number of energy companies, including Cenovus Energy CVE and Obsidian Energy OBE, halted some operations due to Alberta wildfires.

Other symbols: BTECPGOBEPBA
10 months ago - Market Watch

Cenovus Energy provides update on production impact of Alberta wildfires

CALGARY, Alberta, May 08, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is providing an update on its Conventional production operations following ongoing wildfire activity in no...

10 months ago - GlobeNewsWire

Cenovus reports voting results of election of Directors

CALGARY, Alberta, April 26, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced that at its annual meeting of shareholders held on April 26, 2023, each of the 13 nominees pro...

10 months ago - GlobeNewsWire