CVE icon

Cenovus Energy

13.49 USD
+0.42
3.21%
At close Mar 14, 4:00 PM EDT
After hours
13.51
+0.02
0.15%
1 day
3.21%
5 days
6.22%
1 month
-11.89%
3 months
-9.22%
6 months
-17.89%
Year to date
-11.89%
1 year
-27.67%
5 years
450.61%
10 years
-19.17%
 

About: Cenovus Energy Inc is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.

Employees: 7,150

0
Funds holding %
of 7,372 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

0.98% more ownership

Funds ownership: 46.72% [Q3] → 47.7% (+0.98%) [Q4]

5% less funds holding

Funds holding: 416 [Q3] → 395 (-21) [Q4]

8% less capital invested

Capital invested by funds: $14.6B [Q3] → $13.3B (-$1.23B) [Q4]

19% less first-time investments, than exits

New positions opened: 51 | Existing positions closed: 63

22% less repeat investments, than reductions

Existing positions increased: 125 | Existing positions reduced: 161

28% less call options, than puts

Call options by funds: $165M | Put options by funds: $229M

36% less funds holding in top 10

Funds holding in top 10: 14 [Q3] → 9 (-5) [Q4]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target
$25
85%
upside
Avg. target
$25
85%
upside
High target
$25
85%
upside

1 analyst rating

positive
100%
neutral
0%
negative
0%
RBC Capital
Greg Pardy
43% 1-year accuracy
6 / 14 met price target
85%upside
$25
Outperform
Maintained
21 Feb 2025

Financial journalist opinion

Based on 15 articles about CVE published over the past 30 days

Negative
Zacks Investment Research
2 days ago
Cenovus Energy (CVE) Suffers a Larger Drop Than the General Market: Key Insights
In the closing of the recent trading day, Cenovus Energy (CVE) stood at $13.07, denoting a -1.13% change from the preceding trading day.
Cenovus Energy (CVE) Suffers a Larger Drop Than the General Market: Key Insights
Positive
Seeking Alpha
5 days ago
Down, But Not Out: My Favorite Energy Stocks For Income And Growth
President Trump aims to lower oil prices, but domestic production growth faces challenges. The administration may turn to OPEC+ and political pressure to boost supply. Despite short-term volatility, my long-term oil thesis remains strong. U.S. producers remain competitive, and global demand continues to grow, supporting energy investments. I focus on high-quality oil and gas stocks with strong balance sheets, low breakeven prices, and deep reserves. These companies offer stability and long-term upside.
Down, But Not Out: My Favorite Energy Stocks For Income And Growth
Negative
MarketBeat
1 week ago
2 Energy Stocks to Play Both Sides of Tariff Uncertainty
President Trump's 25% import tariffs on Mexico and Canada and an additional 10% tariff on China are causing investors to seek shelter from the potential fallout. Canada is of particular concern since it is a top supplier of energy to the United States, including crude oil and natural gas.
2 Energy Stocks to Play Both Sides of Tariff Uncertainty
Positive
Seeking Alpha
2 weeks ago
I'm Buying Magnificent Dividends Up To 9% Yield
A contrarian mindset can help dividend investors find bargains, with Crescent Capital BDC and Cenovus Energy offering high yields after recent price drops. Crescent Capital BDC carries a diversified debt portfolio, strong dividend coverage, and a safe leverage profile, making it a compelling buy at a 9% discount to book value. Cenovus Energy's integrated operations and cost optimization efforts position it for long-term growth, with plans to return 100% of excess free cash flow to shareholders.
I'm Buying Magnificent Dividends Up To 9% Yield
Neutral
GlobeNewsWire
2 weeks ago
Cenovus Energy announces redemption of Series 5 Preferred Shares
CALGARY, Alberta, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (“Cenovus” or the “Company”) (TSX: CVE) (NYSE: CVE) announced today it will exercise its right to redeem the Company's 4.591% Series 5 Preferred Shares (the “Series 5 Preferred Shares”) on March 31, 2025 (the “Redemption”). All 8 million Series 5 Preferred Shares outstanding will be redeemed at the price of $25.00 per share, for an aggregate amount payable to holders of $200 million, less required withholdings, if any, funded primarily from cash on hand.
Cenovus Energy announces redemption of Series 5 Preferred Shares
Negative
Zacks Investment Research
2 weeks ago
Cenovus Energy Q4 Earnings & Revenues Miss Estimates
CVE's Q4 earnings and revenues lag estimates on lower contributions from key units. Both the top and bottom lines decrease year over year.
Cenovus Energy Q4 Earnings & Revenues Miss Estimates
Neutral
Seeking Alpha
3 weeks ago
Cenovus: Bargain With An Excellent Shareholder Yield
CVE is cheap due to worries about tariffs, even though those are far from guaranteed. The company should see better free cash generation this year. CVE trades at a very undemanding valuation right now and offers a compelling shareholder yield.
Cenovus: Bargain With An Excellent Shareholder Yield
Negative
Seeking Alpha
3 weeks ago
Cenovus Energy: Weak Quarter Is The Time To Buy
Cenovus Energy reported a weak quarter. Concerns include refining issues and increased debt amid negative free cash flow. Both Toledo and Superior refineries improved operations. The startup expenses have now ceased for both.
Cenovus Energy: Weak Quarter Is The Time To Buy
Neutral
Seeking Alpha
3 weeks ago
Cenovus Energy Inc. (CVE) Q4 2024 Earnings Call Transcript
Cenovus Energy Inc. (NYSE:CVE ) Q4 2024 Earnings Conference Call February 20, 2025 11:00 AM ET Company Participants Patrick Read - VP, IR Jon McKenzie - CEO Kam Sandhar - EVP, Strategy and Corporate Development Keith Chiasson - EVP, Downstream Geoff Murray - EVP, Commercial Conference Call Participants Menno Hulshof - TD Securities Dennis Fong - CIBC World Market Greg Pardy - RBC Capital Markets, Philippines Neil Mehta - Goldman Sachs John Royall - JPMorgan Dennis Fong - CIBC World Markets Manav Gupta - UBS Chris Barko - Calgary Herald Operator Good morning, ladies and gentlemen. Welcome to Cenovus Energy's Fourth Quarter and Full Year 2024 Results Conference Call.
Cenovus Energy Inc. (CVE) Q4 2024 Earnings Call Transcript
Negative
Zacks Investment Research
3 weeks ago
Cenovus Energy (CVE) Q4 Earnings and Revenues Lag Estimates
Cenovus Energy (CVE) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.29 per share a year ago.
Cenovus Energy (CVE) Q4 Earnings and Revenues Lag Estimates
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