CVE Stock Chart & Stats
$24.51
-$0.25(-1.60%)
At close: 4:00 PM EST
$24.51
-$0.25(-1.60%)
Day’s Range― - ―
52-Week Range$13.80 - $32.07
Previous Close$15.44
Volume10.19M
Average Volume (3M)8.03M
Market Cap
$46.25B
Enterprise Value$78.52B
Total Cash (Recent Filing)$2.58B
Total Debt (Recent Filing)$13.75B
Price to Earnings (P/E)13.9
Beta0.31
Next Earnings
Jul 23, 2026EPS Estimate
1.12Next Dividend Ex-DateN/A
Dividend Yield3.32%
Share Statistics
EPS (TTM)2.54
Shares Outstanding1,868,318,000
10 Day Avg. Volume9,688,282
30 Day Avg. Volume8,029,170
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)1.33
Price to Sales (P/S)0.85
P/FCF Ratio12.33
Enterprise Value/Market Cap1.70
Enterprise Value/Revenue1.61
Enterprise Value/Gross Profit9.98
Enterprise Value/Ebitda6.86
Forecast
1Y Price Target
$32.77Price Target Upside33.70% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
EPS Forecast (FY)3.14
Revenue Forecast (FY)$39.53B
Bulls Say, Bears Say
Bulls Say
Cash GenerationCenovus’s robust operating cash flow and ~28% TTM growth in free cash flow provide durable internal funding. Strong cash generation supports reinvestment in assets, the ability to service debt, and room to prioritize capital allocation decisions through commodity cycles, enhancing resilience.
Sustained ProfitabilityConsistently healthy TTM operating and net margins signal persistent earnings power across the integrated business. Margin durability supports capacity to fund necessary maintenance and efficiency projects, absorb cyclical headwinds, and sustain returns to stakeholders over the medium term.
Vertical IntegrationCenovus’s upstream-downstream integration lets refining margins and marketing activities offset crude price swings. This structural setup captures value across the chain, smooths cash flows, and reduces pure upstream volatility, a lasting competitive advantage through commodity cycles.
Bears Say
Revenue WeaknessA ~10% TTM revenue decline highlights top-line vulnerability to production or price shifts. Weakening revenue constrains operating leverage and limits the pace at which margins and free cash flow can drive long-term deleveraging, capex funding, or sustained shareholder returns.
Rising LeverageLeverage has increased to a moderate ~0.42 debt/equity and is higher than 2024 levels, which reduces financial flexibility. Elevated debt magnifies downside risk in a commodity downturn and can constrain discretionary uses of cash, like buybacks, higher dividends, or opportunistic investments.
Free Cash Flow Gap Vs EarningsFFO/FCF being about half of reported net income indicates elevated reinvestment and/or working-capital swings. Lower cash conversion limits immediately available cash for debt paydown or distributions, raising reliance on sustained commodity conditions to fund obligations and growth.
CVE FAQ
What was Cenovus Energy’s price range in the past 12 months?
Cenovus Energy lowest stock price was $13.80 and its highest was $32.07 in the past 12 months.
What is Cenovus Energy’s market cap?
Cenovus Energy’s market cap is $46.25B.
When is Cenovus Energy’s upcoming earnings report date?
Cenovus Energy’s upcoming earnings report date is Jul 23, 2026 which is in 21 days.
How were Cenovus Energy’s earnings last quarter?
Cenovus Energy released its earnings results on May 06, 2026. The company reported $0.584 earnings per share for the quarter, beating the consensus estimate of $0.562 by $0.022.
Is Cenovus Energy overvalued?
According to Wall Street analysts Cenovus Energy’s price is currently Undervalued.
Does Cenovus Energy pay dividends?
Cenovus Energy pays a Quarterly dividend of $0.157 which represents an annual dividend yield of 3.32%. See more information on Cenovus Energy dividends here
What is Cenovus Energy’s EPS estimate?
Cenovus Energy’s EPS estimate is 1.12.
How many shares outstanding does Cenovus Energy have?
Cenovus Energy has 1,868,318,000 shares outstanding.
What happened to Cenovus Energy’s price movement after its last earnings report?
Cenovus Energy reported an EPS of $0.584 in its last earnings report, beating expectations of $0.562. Following the earnings report the stock price went down -4.696%.
Which hedge fund is a major shareholder of Cenovus Energy?
Currently, no hedge funds are holding shares in CVE
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Cenovus Energy Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$32.77 (33.70% Upside)
$32.77 (33.70% Upside)
Blogger Sentiment
Bullish
CVE Sentiment 70%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 669.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $6.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 17.1%
Last 30 Days ▲ 5.7%
Last 30 Days ▲ 5.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
87.71%
12-Months-Change
Fundamentals
Return on Equity
15.23%
Trailing 12-Months
Asset Growth
18.62%
Trailing 12-Months
Company Description
Cenovus Energy
Cenovus Energy Inc. is a global energy firm that, through its subsidiaries, engages in the exploration, production, and marketing of crude oil, natural gas liquids, and natural gas across Canada, the United States, and the Asia Pacific region. Its diverse operations are organized into six distinct business units: Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail. The Oil Sands division is dedicated to the development and extraction of bitumen and heavy oil resources in northern Alberta and Saskatchewan, encompassing significant projects like Foster Creek, Christina Lake, Sunrise, and Tucker, alongside its Lloydminster thermal and conventional heavy oil operations. The Conventional segment manages assets predominantly located in Alberta and British Columbia, specifically in areas such as Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake, and also holds stakes in various natural gas processing facilities. The Offshore segment focuses on exploration and development initiatives. Within Canadian Manufacturing, the company oversees the Lloydminster upgrading and asphalt refining complex, which processes heavy oil and bitumen into synthetic crude, diesel, asphalt, and other ancillary products; this segment also manages the Bruderheim crude-by-rail terminal and two ethanol production facilities. The U.S. Manufacturing arm specializes in refining crude oil to yield products such as diesel, gasoline, jet fuel, and asphalt. Lastly, the Retail segment is responsible for distributing and selling both its own and third-party refined petroleum products through retail, commercial, bulk outlets, and wholesale channels. Cenovus Energy Inc. was established in 2009 and its corporate headquarters are located in Calgary, Canada.
CVE Company Deck
CVE Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized multiple operational records (highest annual and quarterly production, project milestones, cost reductions), strong Q4 financials and cash generation, and clear synergy targets from the MEG acquisition. Key challenges include a near-term increase in net debt from the MEG transaction, tight execution timelines (notably West White Rose) amid severe weather, downstream margin seasonality and one-time inventory losses, and continued industry egress risk. On balance, the company demonstrated strong execution, cash flow and a credible plan for synergies and deleveraging, while acknowledging manageable near-term risks.View all CVE earnings summariesCVE Stock 12 Month Forecast
All Analysts
Top Analysts
Average Price Target
$32.77
▲(33.70% Upside)
Technical Analysis
1 Day
3 Days
1 Week
1 Month
Ownership Overview
16.67% Insiders
22.53% Mutual Funds
<0.01% Other Institutional Investors
52.00% Public Companies and Individual Investors






