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Cenovus Energy Inc (CVE)
NYSE:CVE
Holding CVE?
Track your performance easily
CVE Stock Chart & Stats
Day’s Range― - ―
52-Week Range$14.20 - $21.90
Previous Close$15.44
Volume10.19M
Average Volume (3M)7.32M
Market Cap
$28.26B
Enterprise Value$49.52B
Total Cash (Recent Filing)$3.72B
Total Debt (Recent Filing)$6.33B
Price to Earnings (P/E)10.5
Beta0.63
Next Earnings
Feb 12, 2025EPS Estimate
0.25Last Dividend Ex-Date
Dec 13, 2024Dividend Yield3.22%
Share Statistics
EPS (TTM)1.46
Shares Outstanding1,826,621,100
10 Day Avg. Volume8,411,604
30 Day Avg. Volume7,324,145
Standard Deviation0.19
R-Squared0.31
Alpha0.00596
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.72
Price to Cash Flow (P/CF)4.10
P/FCF Ratio4.00
Enterprise Value/Market Cap1.75
Enterprise Value/Revenue0.88
Enterprise Value/Gross Profit3.90
Enterprise Value/Ebitda4.83
Forecast
1Y Price Target
$20.56Price Target Upside34.55% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Cenovus Energy News
PremiumCompany Announcements
Cenovus Energy Unveils 2025 Capital Strategy
PremiumCompany Announcements
Cenovus Energy to Redeem Series 3 SharesPremiumCompany Announcements
Cenovus Energy Renews Share Buyback ProgramBulls Say, Bears Say
Bulls Say
Financial PerformanceUpstream operations exceeded expectations, contributing positively to the company’s performance.
Growth InitiativesThe start-up of Narrows Lake and completion of offshore facility installation are key milestones for Cenovus Energy's growth initiatives.
Market ValuationCenovus shares are currently trading at a discount compared to its peer average, despite impressive results from its upstream segment.
Bears Say
Cash FlowFree cash flow was below expectations, indicating potential financial challenges.
Financial PerformanceCenovus delivered another disappointing quarter, falling short of substantially lowered expectations.
Operational ChallengesDownstream challenges continue to haunt the company as margin capture was negatively impacted by planned and unplanned maintenance.
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Ownership Overview
0.21% Insiders
22.03% Mutual Funds
0.56% Other Institutional Investors
71.77% Public Companies and Individual Investors
CVE FAQ
What was Cenovus Energy Inc’s price range in the past 12 months?
Cenovus Energy Inc lowest stock price was $14.20 and its highest was $21.90 in the past 12 months.
What is Cenovus Energy Inc’s market cap?
Cenovus Energy Inc’s market cap is $28.26B.
When is Cenovus Energy Inc’s upcoming earnings report date?
Cenovus Energy Inc’s upcoming earnings report date is Feb 12, 2025 which is in 28 days.
How were Cenovus Energy Inc’s earnings last quarter?
Cenovus Energy Inc released its earnings results on Oct 31, 2024. The company reported $0.292 earnings per share for the quarter, missing the consensus estimate of $0.303 by -$0.012.
Is Cenovus Energy Inc overvalued?
According to Wall Street analysts Cenovus Energy Inc’s price is currently Undervalued.
Does Cenovus Energy Inc pay dividends?
Cenovus Energy Inc pays a Quarterly dividend of $0.125 which represents an annual dividend yield of 3.22%. See more information on Cenovus Energy Inc dividends here
What is Cenovus Energy Inc’s EPS estimate?
Cenovus Energy Inc’s EPS estimate is 0.25.
How many shares outstanding does Cenovus Energy Inc have?
Cenovus Energy Inc has 1,826,621,100 shares outstanding.
What happened to Cenovus Energy Inc’s price movement after its last earnings report?
Cenovus Energy Inc reported an EPS of $0.292 in its last earnings report, missing expectations of $0.303. Following the earnings report the stock price went down -3.569%.
Which hedge fund is a major shareholder of Cenovus Energy Inc?
Among the largest hedge funds holding Cenovus Energy Inc’s share is Hotchkis & Wiley Capital Management LLC. It holds Cenovus Energy Inc’s shares valued at 87M.
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Cenovus Energy Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$20.56 (34.55% Upside)
$20.56 (34.55% Upside)
Blogger Sentiment
Bullish
CVE Sentiment 91%
Sector Average 73%
Sector Average 73%
Hedge Fund Trend
Decreased
By 11.1M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $1.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days <0.1%
Last 30 Days ▲ 5.9%
Last 30 Days ▲ 5.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
1.30%
12-Months-Change
Fundamentals
Return on Equity
12.72%
Trailing 12-Months
Asset Growth
0.54%
Trailing 12-Months
Company Description
Cenovus Energy Inc
Cenovus Energy, Inc. engages in gas and oil provisions. Its activities include development, production, and marketing of crude oil, natural gas liquids (NGLS), and natural gas in Canada. It operates through four segments: Oil Sands, Deep Basin, Refining & Marketing, and Corporate & Eliminations. The Oil sands segment includes the development and production of bitumen in northeast Alberta including Foster Creek, Christina Lake and Narrows Lake as well as projects in the early stages of development. The Deep Basin segment includes includes land primarily in the Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas. The Refining and Marketing segment provides transportation and selling of crude oil, antural gas and NGLS. The Corporate and Eliminations segment includes unrealized gains and losses recorded on derivative financial instruments, divestiture of assets, as well as other administrative, financing activities and research costs. The company was founded in 1881 and is headquartered in Calgary, Canada.
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CVE Company Deck
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CVE Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted strong upstream performance, efficient turnaround operations, and positive impacts from the TMX pipeline, but faced challenges in the U.S. refining segment, weak natural gas prices, and specific refinery reliability issues.Read More>---
CVE Stock 12 Month Forecast
Average Price Target
$20.56
▲(34.55% Upside)
Technical Analysis
Best Analysts Covering CVE
1 Year
1 Year Success Rate
15/27 ratings generated profit
1 Year Average Return
+16.24%
reiterated a buy rating 3 months ago
Copying Dennis Fong's trades and holding each position for 1 Year would result in 55.56% of your transactions generating a profit, with an average return of +16.24% per trade.
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