Cenovus Energy (CVE)
NYSE:CVE
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$12.88 - $32.07
Previous Close$15.44
Volume10.19M
Average Volume (3M)8.44M
Market Cap
$55.07B
Enterprise Value$82.86B
Total Cash (Recent Filing)$2.58B
Total Debt (Recent Filing)$13.75B
Price to Earnings (P/E)16.4
Beta0.30
Next Earnings
Jul 23, 2026EPS Estimate
1.14Next Dividend Ex-DateN/A
Dividend Yield3.32%
Share Statistics
EPS (TTM)2.54
Shares Outstanding1,883,400,000
10 Day Avg. Volume8,781,651
30 Day Avg. Volume8,437,551
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)1.33
Price to Sales (P/S)0.85
P/FCF Ratio12.33
Enterprise Value/Market Cap1.50
Enterprise Value/Revenue1.70
Enterprise Value/Gross Profit10.54
Enterprise Value/Ebitda7.26
Forecast
1Y Price Target
$32.53Price Target Upside32.72% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)3.27
Revenue Forecast (FY)$40.23B
Bulls Say, Bears Say
Bulls Say
Strong Cash GenerationConsistently strong operating cash flow and growing free cash flow (up ~28% TTM) underpin durable liquidity to fund sustaining capex, deleveraging and shareholder returns. This cash generation supports strategic flexibility across commodity cycles and validates earnings quality.
Integrated Downstream ReliabilityHigh refinery utilization and strong market capture demonstrate durable downstream operational strength. Reliable throughput and advantaged feedstock enable stable refining margins, natural hedge benefits with upstream, and better fixed-cost absorption that supports margins across cycles.
Scale, Production Growth And SynergiesAcquisition-driven scale plus organic growth (Christina Lake, Foster Creek) and clear synergy targets improve long-term cash flow potential. Capturing >CAD $400M of synergies and added volume supports cost dilution, production optionality and enhanced free cash flow over the medium term.
Bears Say
Elevated Net Debt Post‑MEGThe material increase in net debt reduces financial flexibility and raises commodity-sensitivity risk. Until net debt meaningfully declines toward targets (management aims for CAD $4B long-term), capital allocation will prioritize deleveraging, constraining discretionary investment and return profile in stressed scenarios.
Exposure To Heavy‑oil Differentials & Egress RiskPersistent WCS differentials and egress constraints are structural headwinds for heavy‑oil producers. Wider or more volatile differentials directly reduce upstream realizations and can limit the integrated model's ability to fully capture value, making cash flow and margin outcomes more contingent on logistics progress.
High Near‑term Capex And Tight Execution WindowsElevated near-term capital spending and compressed project timelines (notably West White Rose amid severe North Atlantic weather) increase execution and schedule risk. Delays or cost overruns could defer volumes, synergies and cash flow, complicating deleveraging and returns pacing over the medium term.
Cenovus Energy News
CVE FAQ
What was Cenovus Energy’s price range in the past 12 months?
Cenovus Energy lowest stock price was $12.88 and its highest was $32.07 in the past 12 months.
What is Cenovus Energy’s market cap?
Cenovus Energy’s market cap is $55.07B.
When is Cenovus Energy’s upcoming earnings report date?
Cenovus Energy’s upcoming earnings report date is Jul 23, 2026 which is in 49 days.
How were Cenovus Energy’s earnings last quarter?
Cenovus Energy released its earnings results on May 06, 2026. The company reported $0.601 earnings per share for the quarter, beating the consensus estimate of $0.579 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 $0.145 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 1.14.
How many shares outstanding does Cenovus Energy have?
Cenovus Energy has 1,883,400,000 shares outstanding.
What happened to Cenovus Energy’s price movement after its last earnings report?
Cenovus Energy reported an EPS of $0.601 in its last earnings report, beating expectations of $0.579. 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
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$32.53 (32.72% Upside)
$32.53 (32.72% Upside)
Blogger Sentiment
Bullish
CVE Sentiment 70%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 669.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $20.6M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.7%
Last 30 Days ▲ 6.6%
Last 30 Days ▲ 6.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
126.16%
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., 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, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segments Foster Creek, Christina Lake, Sunrise, and Tucker oil sands projects, as well as Lloydminster thermal and conventional heavy oil assets The Conventional segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake operating in Alberta and British Columbia, as well as interests in various natural gas processing facilities. The offshore segment engages in the exploration and development activities. The Canadian Manufacturing segment includes the owned and operated Lloydminster upgrading and asphalt refining complex, which upgrades heavy oil and bitumen into synthetic crude oil, diesel fuel, asphalt, and other ancillary products, as well as owns and operates the Bruderheim crude-by-rail terminal and two ethanol plants. The U.S. Manufacturing segment comprises the refining of crude oil to produce diesel, gasoline, jet fuel, asphalt, and other products. The Retail segment consists of marketing of its own and third-party refined petroleum products through retail, commercial, and bulk petroleum outlets, as well as wholesale channels. Cenovus Energy Inc. was founded in 2009 and is headquartered 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
Average Price Target
$32.53
▲(32.72% Upside)
Technical Analysis
Ownership Overview
16.54% Insiders
21.64% Mutual Funds
23.47% Other Institutional Investors
29.59% Public Companies and Individual Investors