Cenovus Energy (TSX:CVE.PRG) - Stock Price, News & Analysis

CVE.PRG Stock Overview

Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally.

About the company

CVE.PRG fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	3/6
Financial Health	5/6
Dividends	2/6

Rewards

Trading at 56% below our estimate of its fair value

Risk Analysis

No risks detected for CVE.PRG from our risk checks.

Cenovus Energy Inc. Competitors

Imperial Oil

TSX:IMO

CA$49.9b

Suncor Energy

TSX:SU

CA$67.3b

TC Energy

TSX:TRP

CA$53.4b

Cameco

TSX:CCO

CA$28.8b

Price History & Performance

Summary of all time highs, changes and price drops for Cenovus Energy
Historical stock prices
Current Share Price	CA$23.92
52 Week High	CA$23.92
52 Week Low	CA$17.96
Beta	2.78
1 Month Change	3.55%
3 Month Change	6.08%
1 Year Change	20.87%
3 Year Change	13.90%
5 Year Change	n/a
Change since IPO	35.91%

Recent updates

Shareholder Returns

	CVE.PRG	CA Oil and Gas	CA Market
7D	4.0%	-2.1%	-0.1%
1Y	20.9%	17.2%	6.2%

Return vs Industry: CVE.PRG exceeded the Canadian Oil and Gas industry which returned 17.3% over the past year.

Return vs Market: CVE.PRG exceeded the Canadian Market which returned 6.2% over the past year.

Price Volatility

Is CVE.PRG's price volatile compared to industry and market?
CVE.PRG volatility
CVE.PRG Average Weekly Movement	1.0%
Oil and Gas Industry Average Movement	6.6%
Market Average Movement	8.8%
10% most volatile stocks in CA Market	18.1%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: CVE.PRG has not had significant price volatility in the past 3 months.

Volatility Over Time: CVE.PRG's weekly volatility (1%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	6,925	Jon McKenzie	www.cenovus.com

Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.

Cenovus Energy Inc. Fundamentals Summary

How do Cenovus Energy's earnings and revenue compare to its market cap?
CVE.PRG fundamental statistics
Market cap	CA$52.14b
Earnings (TTM)	CA$4.61b
Revenue (TTM)	CA$53.34b

11.3x

P/E Ratio

1.0x

P/S Ratio

Is CVE.PRG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CVE.PRG income statement (TTM)
Revenue	CA$53.34b
Cost of Revenue	CA$41.27b
Gross Profit	CA$12.07b
Other Expenses	CA$7.45b
Earnings	CA$4.61b

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.48
Gross Margin	22.62%
Net Profit Margin	8.65%
Debt/Equity Ratio	24.3%

How did CVE.PRG perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

23%

Payout Ratio

Does CVE.PRG pay a reliable dividends?

See CVE.PRG dividend history and benchmarks

When do you need to buy CVE.PRG by to receive an upcoming dividend?
Cenovus Energy dividend dates
Ex Dividend Date	Jun 14 2024
Dividend Pay Date	Jul 02 2024
Days until Ex dividend	40 days
Days until Dividend pay date	58 days

Does CVE.PRG pay a reliable dividends?

See CVE.PRG dividend history and benchmarks

CVE.PRG Stock Overview

Rewards

Risk Analysis

Cenovus Energy Inc. Competitors

TSX:IMO

CA$49.9b

TSX:SU

CA$67.3b

TSX:TRP

CA$53.4b

TSX:CCO

CA$28.8b

Price History & Performance

Recent News & Updates

Cenovus Energy Inc. Declares Quarterly Base and Variable Dividend, Payable on June 28, 2024 and May 31, 2024 Respectively

Cenovus Energy Inc. Announces Board Changes

Cenovus Energy Inc. Declares Quarterly Base Dividend, Payable on June 28, 2024

Cenovus Energy Inc. to Report Q1, 2024 Results on May 01, 2024

Cenovus Energy Inc. to Report Q4, 2023 Results on Feb 15, 2024

Cenovus Energy Inc., Annual General Meeting, May 01, 2024

Recent updates

Cenovus Energy Inc. Declares Quarterly Base and Variable Dividend, Payable on June 28, 2024 and May 31, 2024 Respectively

Cenovus Energy Inc. Announces Board Changes

Cenovus Energy Inc. Declares Quarterly Base Dividend, Payable on June 28, 2024

Cenovus Energy Inc. to Report Q1, 2024 Results on May 01, 2024

Cenovus Energy Inc. to Report Q4, 2023 Results on Feb 15, 2024

Cenovus Energy Inc., Annual General Meeting, May 01, 2024

Athabasca Oil Corporation Provides Executive Update for Duvernay Energy Corporation

Cenovus Energy Inc. Provides Production Guidance for the Year 2024

Cenovus Energy Inc. Declares Quarterly Base Dividend Payable on December 29,2023

Cenovus Energy Inc. to Report Q3, 2023 Results on Nov 02, 2023

Cenovus Energy Inc. Provides Production Guidance for the Year 2023

Cenovus Energy Inc. to Report Q2, 2023 Results on Jul 27, 2023

Cenovus Energy Inc. Provides an Update on Its Conventional Production Operations

Cenovus Energy Inc. Announces Executive Changes

Cenovus Energy Inc. to Report Q4, 2022 Results on Feb 16, 2023

Cenovus Energy Inc., Annual General Meeting, Apr 26, 2023

Cenovus Energy Inc. Appoints Melanie A. Little to Its Board of Directors, Effective January 1, 2023

Cenovus Energy Inc. to Report Q3, 2022 Results on Nov 02, 2022

Cenovus Energy Inc. (TSX:CVE) entered into an agreement to acquire a 50% stake in the Husky Toledo Refinery from BP p.l.c. (LSE:BP.) for $300 million.

Cenovus Energy Inc. (TSX:CVE) entered into an agreement to acquire a 50% stake in the Husky Toledo Refinery from BP p.l.c. (LSE:BP.) for $300 million.

An unknown buyer acquired an unknown stake in Headwater Exploration Inc. (TSX:HWX) from Cenovus Energy Inc. (TSX:CVE) for CAD 110 million.

Cenovus Energy Inc. to Report Q2, 2022 Results on Jul 28, 2022

Cenovus Energy Inc. (TSX:CVE) reached an agreement to acquire remaining 50% stake in Sunrise Oil Sands Project in Alberta, Canada from BP Canada Energy Group ULC.

Suncor Energy Inc. (TSX : SU) and Cenovus Energy Inc. (TSX : CVE) acquired additional 12.5% minority stake in White Rose Asset for CAD 50 million.

Cenovus Energy Inc. to Report Q1, 2022 Results on Apr 27, 2022

Cenovus Energy Inc. Declares Dividend, Payable on March 31, 2022

Cenovus Energy Inc., Annual General Meeting, Apr 27, 2022

An unknown buyer reached an agreement to acquire Tucker thermal asset from Cenovus Energy Inc. (TSX:CVE) for CAD 800 million.

Cenovus Energy Inc. Provides Production Guidance for the Year of 2022

Federated Co-operatives Limited agreed to acquire 181 Husky retail fuel sites of Cenovus Energy Inc. from Cenovus Energy Inc. (TSX:CVE) for approximately CAD 260 million.

Cenovus Energy Inc. Announces Atlantic Assets Restructuring Plan

i3 Energy Plc (AIM:I3E) completed the acquisition of certain central Alberta petroleum and infrastructure assets from Cenovus Energy Inc. (TSX:CVE).

Cenovus Energy Inc. Declares Dividend for the Second Quarter of 2021, Payable on June 30, 2021

Cenovus Energy Inc., Annual General Meeting, May 12, 2021

Cenovus Energy Inc. to Report Q4, 2020 Results on Feb 09, 2021