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Cenovus Energy Inc. (CVE)

NYSE: CVE · Delayed Price · USD
9.58
-0.01 (-0.10%)
Pre-market:Sep 24, 2021 8:06 AM EDT
9.59
0.47 (5.15%)
At close: Sep 23, 4:00 PM
Market Cap18.36B
Revenue (ttm)21.62B
Net Income (ttm)78.23M
Shares Out2.02B
EPS (ttm)0.03
PE Ratio282.06
Forward PE6.78
Dividend$0.04 (0.36%)
Ex-Dividend DateSep 14, 2021
Volume12,397,098
Open9.24
Previous Close9.12
Day's Range9.17 - 9.69
52-Week Range3.14 - 10.53
Beta3.83
AnalystsBuy
Price Target10.85 (+13.1%)
Est. Earnings DateOct 28, 2021

About CVE

Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States and the Asia Pacific region. The company operates through Oil Sands, Conventional, and Refining and Marketing segments. The Oil Sands segment develops and produces bitumen in northeast Alberta. Its bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development. The Conventional segment holds assets primarily located i...

IndustryOil, Gas & Consumable Fuels
Founded2009
CEOAlexander Pourbaix
Employees2,413
Stock ExchangeNYSE
Ticker SymbolCVE
Full Company Profile

Financial Performance

Financial numbers in millions CADFinancial Statements

Analyst Forecast

According to 22 analysts, the average rating for Cenovus Energy stock is "Buy." The 12-month stock price forecast is 10.85, which is an increase of 13.14% from the latest price.

Price Target
$10.85
(13.14% upside)
Analyst Consensus: Buy

News

Cenovus announces the Pricing Terms of its Pending Maximum Tender Offer

CALGARY, Alberta, Sept. 23, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced the pricing terms of its previously announced cash tender offer (the “Maximum Tender Offer...

20 hours ago - GlobeNewsWire

Cenovus announces the Early Tender Results and Increase of its Pending Maximum Tender Offer

CALGARY, Alberta, Sept. 23, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced the early tender results of its previously announced cash tender offer (the “Maximum Tende...

1 day ago - GlobeNewsWire

Cenovus announces Expiration and Results of Any and All Tender Offer

CALGARY, Alberta, Sept. 15, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that its previously announced cash tender offer (the “Any and All Tender Offer”) for any a...

1 week ago - GlobeNewsWire

Cenovus announces the Pricing Terms of its Pending Any and All Tender Offer

CALGARY, Alberta, Sept. 15, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced the pricing terms of its previously announced cash tender offer (the “Any and All Tender O...

1 week ago - GlobeNewsWire

Cenovus announces closing of US$1.25 billion offering of senior notes

CALGARY, Alberta, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has completed a public offering in the United States (the “Offering”) of US$1,250,000,000 in senior notes,...

1 week ago - GlobeNewsWire

Cenovus (CVE) Eyes Atlantic Assets Rejig, $10B Net Debt

The restructuring move from Cenovus (CVE) is likely to make its upstream portfolio more profitable and free up some capital, which can be allocated more efficiently toward producing assets.

2 weeks ago - Zacks Investment Research

Cenovus announces Cash Tender Offers for Certain Outstanding Notes

CALGARY, Alberta, Sept. 09, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced it has commenced tender offers (each individually, with respect to a series of notes, a “T...

2 weeks ago - GlobeNewsWire

Cenovus announces Atlantic assets restructuring plan

CALGARY, Alberta, Sept. 08, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has entered into agreements with its partners in the Atlantic region to restructure its working interests ...

2 weeks ago - GlobeNewsWire

Cenovus Energy (CVE) Slips 4% as Q2 Earnings Miss Estimates

A significant increase in transportation and blending expenses hurts Cenovus Energy's (CVE) Q2 earnings.

1 month ago - Zacks Investment Research

Cenovus Generates $1.8 Billion in Adjusted Funds Flow in Q2 2021

Delivers free funds flow of $1.3 billion

1 month ago - GlobeNewsWire

Cenovus (CVE) to Purchase Solar Power From New Alberta Facility

The project is helping Cenovus (CVE) to proceed with two of its ESG focus areas by addressing climate change and greenhouse gas emissions.

1 month ago - Zacks Investment Research

Cenovus to hold Q2 conference call and webcast on July 29

CALGARY, Alberta, July 22, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its 2021 second quarter results on Thursday, July 29. The news release will provide consolidate...

2 months ago - GlobeNewsWire

Market Outlook: What Stocks Are Down Today?

We're at the halfway point for Monday and now is a good time to check in with a market outlook of what stocks are doing today. The post Market Outlook: What Stocks Are Down Today?

2 months ago - InvestorPlace

Cenovus Energy Inc. Announced as Consortium Member for Acceleware's Marwayne RF XL Pilot

CALGARY, Alberta, July 09, 2021 (GLOBE NEWSWIRE) -- Acceleware Ltd. (“Acceleware” or the “Company”) (TSXV: AXE), a leading developer of electrification technologies targeting low-cost, low-carbon and cl...

2 months ago - GlobeNewsWire

This Oil Stock Expects to Produce a Gusher of Cash Over the Coming Decade

Most of that money will make its way back to shareholders.

Other symbols:COP
2 months ago - The Motley Fool

3 Low Price-Book Ratio Stock Picks

Selecting stocks whose market capitalizations exceed $10 billion and whose price-book ratios are not above 1.5 could give value investors a higher likelihood to unearth opportunities among U.S.-listed e...

Other symbols:BBDTECK
2 months ago - GuruFocus

Cenovus (CVE): Strong Industry, Solid Earnings Estimate Revisions

Cenovus (CVE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

3 months ago - Zacks Investment Research

Canada's Oil Sands Producers Sign Up for 2050 Zero Emission

The tie-up between Suncor (SU) and other Canadian oil sands producers follows the grant of sizeable sops for emission-reduction project and infrastructure by the administration of Canada and Alberta.

Other symbols:CNQIMOSU
3 months ago - Zacks Investment Research

Canada's largest oil sands producers announce unprecedented alliance to achieve net zero greenhouse gas emissions

CALGARY, Alberta, June 09, 2021 (GLOBE NEWSWIRE) -- Canadian Natural Resources, Cenovus Energy, Imperial, MEG Energy and Suncor Energy formally announced today the Oil Sands Pathways to Net Zero initiat...

3 months ago - GlobeNewsWire

Why ConocoPhillips, Cenovus Energy, and Marathon Oil Stocks All Popped Today

Oil demand is coming back, and OPEC is raising production.

Other symbols:COPMRO
3 months ago - The Motley Fool

5 Sizzling Energy Stocks Trading Under $10 With Oil Closing in on $70 a Barrel

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

Other symbols:CPGGELKOSSWN
3 months ago - 24/7 Wall Street

Cenovus (CVE) Divests Marten Hills Royalty Interest to Topaz

Cenovus Energy (CVE) receives gross cash proceeds of C$102 million from the latest divestment.

4 months ago - Zacks Investment Research

Cenovus sells Marten Hills royalty interest for more than $100 million

CALGARY, Alberta, May 18, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has sold its gross overriding royalty (GORR) in the Marten Hills area of Alberta to Topaz Energy Corp. for g...

4 months ago - GlobeNewsWire

Cenovus reports voting results of election of Directors

CALGARY, Alberta, May 12, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced that at its annual meeting of shareholders held on May 12, 2021, each of the 12 nominees proposed ...

4 months ago - GlobeNewsWire

Cenovus (CVE) Declines 3.1% Since Q1 Earnings Miss Estimates

Severe winter in parts of the United States hurts Cenovus (CVE) in the first quarter.

4 months ago - Zacks Investment Research