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Cenovus Energy Inc (CVE)
NYSE:CVE
Holding CVE?
Track your performance easily
CVE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$14.69 - $21.90
Previous Close$16.62
Volume8.62M
Average Volume (3M)7.35M
Market Cap
$30.82B
Enterprise Value$35.88B
Total Cash (Recent Filing)C$3.15B
Total Debt (Recent Filing)C$10.01B
Price to Earnings (P/E)8.9
Beta0.90
Next Earnings
Oct 31, 2024EPS Estimate
$0.55Last Dividend Ex-Date
Sep 13, 2024Dividend Yield2.65%
Share Statistics
EPS (TTM)1.87
Shares Outstanding1,856,102,000
10 Day Avg. Volume10,187,548
30 Day Avg. Volume7,345,041
Standard Deviation0.19
R-Squared0.31
Alpha0.00944
Financial Highlights & Ratios
Price to Book (P/B)1.03
Price to Sales (P/S)0.71
Price to Cash Flow (P/CF)3.80
P/FCF Ratio3.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$24.11Price Target Upside45.07% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Cenovus Energy News
PremiumCompany Announcements
Cenovus Energy Hits Debt Target, Boosts Shareholder Returns
Bulls Say, Bears Say
Bulls Say
Dividend IncreaseThe company has enhanced shareholder value by increasing its base dividend and introducing a variable dividend.
Financial HealthCenovus Energy's reduction in net debt coupled with a dividend increase signals strong financial health and commitment to returning value to shareholders.
Growth PotentialWith plans to significantly boost production and an integrated business model expected to enhance margins, Cenovus is poised for robust growth and improved financial performance.
Bears Say
Earnings ReportDownstream operations faced challenges with lower-than-anticipated results for the quarter.
Financial PerformanceNet debt reduction was slightly lower than expected due to working capital, higher returns, and other smaller cash flow items.
Operational IssuesCVE has faced one problem after another in its downstream assets, focusing on improving reliability/utilization/margin capture.
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Ownership Overview
11.22% Insiders
24.63% Mutual Funds
31.39% Other Institutional Investors
32.76% 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 $14.69 and its highest was $21.90 in the past 12 months.
What is Cenovus Energy Inc’s market cap?
Currently, no data Available
When is Cenovus Energy Inc’s upcoming earnings report date?
Cenovus Energy Inc’s upcoming earnings report date is Oct 31, 2024 which is in 42 days.
How were Cenovus Energy Inc’s earnings last quarter?
Cenovus Energy Inc released its earnings results on Aug 01, 2024. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.491 by -$0.101.
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 $0.13 which represents an annual dividend yield of 2.65%. See more information on Cenovus Energy Inc dividends here
What is Cenovus Energy Inc’s EPS estimate?
Cenovus Energy Inc’s EPS estimate is $0.55.
How many shares outstanding does Cenovus Energy Inc have?
Cenovus Energy Inc has 1,856,102,000 shares outstanding.
What happened to Cenovus Energy Inc’s price movement after its last earnings report?
Cenovus Energy Inc reported an EPS of $0.39 in its last earnings report, missing expectations of $0.491. Following the earnings report the stock price went down -6.313%.
Which hedge fund is a major shareholder of Cenovus Energy Inc?
Among the largest hedge funds holding Cenovus Energy Inc’s share is Egerton Capital (UK) LLP. It holds Cenovus Energy Inc’s shares valued at 203M.
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Cenovus Energy Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$24.11 (45.07% Upside)
$24.11 (45.07% Upside)
Blogger Sentiment
Bullish
CVE Sentiment 84%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 5.0M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.3%
Last 30 Days ▼ 2.0%
Last 30 Days ▼ 2.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-16.91%
12-Months-Change
Fundamentals
Return on Equity
16.63%
Trailing 12-Months
Asset Growth
0.76%
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
Q2 2024
0:00 / 0:00
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CVE Stock 12 Month Forecast
Average Price Target
$24.11
▲(45.07% Upside)
Technical Analysis
Best Analysts Covering CVE
1 Year
1 Year Success Rate
15/26 ratings generated profit
1 Year Average Return
+18.05%
reiterated a buy rating 5 months ago
Copying Dennis Fong's trades and holding each position for 1 Year would result in 57.69% of your transactions generating a profit, with an average return of +18.05% per trade.
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