Cenovus Energy Inc. (CVE)

NYSE: CVE · IEX Real-Time Price · USD
14.85
0.46 (3.20%)
At close: Jan 14, 2022 4:00 PM
14.96
0.11 (0.74%)
After-hours:Jan 14, 2022 7:57 PM EST
Market Cap30.07B
Revenue (ttm)28.23B
Net Income (ttm)662.99M
Shares Out2.02B
EPS (ttm)0.35
PE Ratio42.92
Forward PE6.52
Dividend$0.08 (0.54%)
Ex-Dividend DateDec 14, 2021
Volume12,908,842
Open14.38
Previous Close14.39
Day's Range14.32 - 14.96
52-Week Range5.56 - 14.96
Beta3.68
AnalystsBuy
Price Target16.78 (+13.0%)
Earnings DateNov 3, 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 21 analysts, the average rating for Cenovus Energy stock is "Buy." The 12-month stock price forecast is 16.78, which is an increase of 13.00% from the latest price.

Price Target
$16.78
(13.00% upside)
Analyst Consensus: Buy

News

7 Stocks to Buy That Doubled in 2021 and Could Again in 2022

The S&P 500 had a great year in 2021. Stocks doubling last year will have a tough time repeating.

2 days ago - InvestorPlace

Cenovus to redeem 3.80% notes due September 15, 2023 and 4.00% notes due April 15, 2024

CALGARY, Alberta, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that on February 9, 2022 (the “Redemption Date”) it will redeem the entire outstanding prin...

6 days ago - GlobeNewsWire

Cenovus (CVE) Scores Deal to Divest Alberta's Tucker Assets

Cenovus (CVE) will use the proceeds from the transaction to reduce the debt burden and improve its ability to raise shareholder returns.

4 weeks ago - Zacks Investment Research

Cenovus announces sale of Tucker asset for $800 million

Proceeds will further accelerate net debt reduction and support increasing shareholder returns Proceeds will further accelerate net debt reduction and support increasing shareholder returns

1 month ago - GlobeNewsWire

Cenovus (CVE) Guides for 2022 Production & Capital Spending

With higher capital spending, Cenovus Energy (CVE) expects its production to improve year over year in 2022.

1 month ago - Zacks Investment Research

Cenovus releases 2022 budget, updated strategy and 5-year business plan

Expects about 50% of 2022 excess free funds flow to be allocated to shareholder returns Expects about 50% of 2022 excess free funds flow to be allocated to shareholder returns

1 month ago - GlobeNewsWire

Cenovus (CVE) Down 1.5% Since Last Earnings Report: Can It Rebound?

Cenovus (CVE) reported earnings 30 days ago. What's next for the stock?

1 month ago - Zacks Investment Research

Cenovus announces asset sales of nearly $660 million

Proceeds will accelerate debt reduction and support enhanced shareholder returns Proceeds will accelerate debt reduction and support enhanced shareholder returns

1 month ago - GlobeNewsWire

Why Oil Stocks Plunged on Friday

The stocks cratered alongside oil prices on renewed COVID-19 fears.

Other symbols:COPDVNMROOXYSLBXOM
1 month ago - The Motley Fool

Cenovus to host virtual Investor Day and announce 2022 budget

CALGARY, Alberta, Nov. 25, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will host its virtual 2021 Investor Day and release its 2022 budget, updated strategy and five-year business...

1 month ago - GlobeNewsWire

New Strong Buy Stocks for November 12th

ETD, MATX, TMST, CVE, and YELP have been added to the Zacks Rank #1 (Strong Buy) List on November 12th.

Other symbols:ETDMATXTMSTYELP
2 months ago - Zacks Investment Research

Cenovus Energy (CVE) Gains 9.7% Despite Q3 Earnings Miss

Higher daily oil sand production aids Cenovus Energy's (CVE) Q3 earnings.

2 months ago - Zacks Investment Research

Cenovus intends to implement normal course issuer bid

CALGARY, Alberta, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that the Toronto Stock Exchange (TSX) has accepted the company's notice of intention to imp...

2 months ago - GlobeNewsWire

Cenovus increases shareholder returns on strong performance in Q3 2021

Company announces dividend increase, plans share buyback program Company announces dividend increase, plans share buyback program

2 months ago - GlobeNewsWire

Cenovus to hold Q3 conference call and webcast on November 3

CALGARY, Alberta, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its 2021 third quarter results on Wednesday, November 3. The news release will provide consolid...

2 months ago - GlobeNewsWire

Cenovus and Headwater announce the closing of $227.5 million bought deal secondary offering of Headwater common shares

Not for distribution to U.S. newswire services or dissemination in the United States

3 months ago - GlobeNewsWire

Cenovus (CVE) Jumps 30.7% in 6 Months: More Room to Run?

Cenovus Energy's (CVE) restructuring of its stakes in the Atlantic region with respective partners in Terra Nova and White Rose projects is likely to improve the company's economics.

3 months ago - Zacks Investment Research

Cenovus and Headwater announce increase to previously announced bought deal secondary offering of Headwater common sh...

Not for distribution to U.S. newswire services or dissemination in the United States

3 months ago - GlobeNewsWire

Cenovus and Headwater announce bought deal secondary offering of Headwater common shares worth approximately $114 mil...

Not for distribution to U.S. newswire services or dissemination in the United States

3 months ago - GlobeNewsWire

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...

3 months 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...

3 months 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...

4 months 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...

4 months 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,...

4 months 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.

4 months ago - Zacks Investment Research