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Cenovus Energy Inc (CVE)
NYSE:CVE
Cenovus Energy (CVE) Stock Price & Analysis
1,687 Followers
CVE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$14.61 - $21.90
Previous Close$20.17
Volume2.26M
Average Volume (3M)10.12M
Market Cap
$37.62B
Enterprise Value$43.21B
Total Cash (Recent Filing)C$2.40B
Total Debt (Recent Filing)C$9.83B
Price to Earnings (P/E)11.1
Beta0.90
Next Earnings
Jul 25, 2024EPS Estimate
$0.6Next Dividend Ex-Date
Jun 14, 2024Dividend Yield2.06%
Share Statistics
EPS (TTM)1.82
Shares Outstanding1,866,489,724
10 Day Avg. Volume6,157,339
30 Day Avg. Volume10,120,630
Standard Deviation0.19
R-Squared0.34
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)1.96
Price to Sales (P/S)0.68
Price to Cash Flow (P/CF)6.70
P/FCF Ratio6.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$24.68Price Target Upside23.40% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
Cenovus Energy News
PremiumStock Analysis & Ideas
Cenovus Energy Stock (NYSE:CVE): Why Caution Is Warranted
PremiumCompany Announcements
Cenovus Energy Shareholders Back New Directors and Plans
PremiumCompany Announcements
Cenovus Energy Welcomes New DirectorPremiumCompany Announcements
Cenovus Energy Posts Strong Q1 2024 Results
PremiumCompany Announcements
Cenovus Energy Announces Positive Q1 2024 ResultsBulls Say, Bears Say
Bulls Say
Cash Flow GenerationCenovus Energy’s cash flow per share beat analyst expectations, indicating robust cash generation and the potential for increased shareholder returns.
Dividend GrowthThe company increased its base dividend and declared a variable dividend, demonstrating confidence in its financial stability and commitment to rewarding shareholders.
Share PerformanceCenovus' shares have outperformed due to improving operating performance and falling net debt, highlighting the company's strong market position and operational efficiency.
Bears Say
Debt ManagementNet debt reduction was slightly lower than expected due to working capital, higher returns, and other smaller cash flow items.
Financial PerformanceDownstream operations faced challenges with lower-than-anticipated results for the quarter.
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
11.11% Insiders
23.87% Mutual Funds
31.31% Other Institutional Investors
33.71% 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 $14.61 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 Jul 25, 2024 which is in 70 days.
How were Cenovus Energy Inc’s earnings last quarter?
Cenovus Energy Inc released its earnings results on May 01, 2024. The company reported $0.453 earnings per share for the quarter, beating the consensus estimate of $0.374 by $0.08.
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 2.06%. See more information on Cenovus Energy Inc dividends here
What is Cenovus Energy Inc’s EPS estimate?
Cenovus Energy Inc’s EPS estimate is $0.6.
How many shares outstanding does Cenovus Energy Inc have?
Cenovus Energy Inc has 1,871,868,800 shares outstanding.
What happened to Cenovus Energy Inc’s price movement after its last earnings report?
Cenovus Energy Inc reported an EPS of $0.453 in its last earnings report, beating expectations of $0.374. Following the earnings report the stock price went down -1.07%.
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 236M.
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Cenovus Energy Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$24.68 (23.40% Upside)
$24.68 (23.40% Upside)
Blogger Sentiment
Bullish
CVE Sentiment 81%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 9.7M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $905.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 1.9%
Last 30 Days ▼ 0.3%
Last 30 Days ▼ 0.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
27.21%
12-Months-Change
Fundamentals
Return on Equity
16.20%
Trailing 12-Months
Asset Growth
1.85%
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
Q1 2024
0:00 / 0:00
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CVE Stock 12 Month Forecast
Average Price Target
$24.68
▲(23.40% Upside)
Technical Analysis
Best Analysts Covering CVE
1 Year
1 Year Success Rate
15/21 ratings generated profit
1 Year Average Return
+38.84%
reiterated a buy rating 28 days ago
Copying Travis Wood's trades and holding each position for 1 Year would result in 71.43% of your transactions generating a profit, with an average return of +38.84% per trade.
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