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Cenovus Energy TSX:CVE Stock Report

Last Price

CA$22.62

Market Cap

CA$41.3b

7D

2.6%

1Y

-6.1%

Updated

24 Nov, 2024

Data

Company Financials +

Cenovus Energy Inc.

TSX:CVE Stock Report

Market Cap: CA$41.3b

CVE Stock Overview

Develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. More details

CVE fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance2/6
Financial Health5/6
Dividends3/6

Rewards

Trading at 60.9% below our estimate of its fair value

Earnings are forecast to grow 5.01% per year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 39.4%

Risk Analysis

Unstable dividend track record


Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

WA
WarrenAI
Based on Analyst Price Targets

Calculated Enhancements And Pipeline Projects Poised To Propel Future Growth And Margins

Key Takeaways Project completions and tie-ins position Cenovus for increased production reliability, boosting future revenue and margins. Expanded oil sands output and improved market access drive revenue growth with low capital costs and enhanced realized prices.
View narrative
CA$31.53
FV
28.3% undervalued intrinsic discount
0.043%
Revenue growth p.a.
0users have liked this narrative
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4users have followed this narrative
3 days ago author updated this narrative

Cenovus Energy Inc. Competitors

Imperial Oil

TSX:IMO

CA$55.9b

Suncor Energy

TSX:SU

CA$73.0b

Pembina Pipeline

TSX:PPL

CA$34.8b

TC Energy

TSX:TRP

CA$72.3b

Price History & Performance

Summary of all time highs, changes and price drops for Cenovus Energy
Historical stock prices
Current Share PriceCA$22.62
52 Week HighCA$29.96
52 Week LowCA$19.82
Beta2.62
11 Month Change-3.66%
3 Month Change-12.97%
1 Year Change-6.10%
33 Year Change44.91%
5 Year Change92.67%
Change since IPO-20.07%

Recent News & Updates

Investors Continue Waiting On Sidelines For Cenovus Energy Inc. (TSE:CVE)

Oct 21
Investors Continue Waiting On Sidelines For Cenovus Energy Inc. (TSE:CVE)

Recent updates

Investors Continue Waiting On Sidelines For Cenovus Energy Inc. (TSE:CVE)

Oct 21
Investors Continue Waiting On Sidelines For Cenovus Energy Inc. (TSE:CVE)

Is Now The Time To Put Cenovus Energy (TSE:CVE) On Your Watchlist?

Oct 05
Is Now The Time To Put Cenovus Energy (TSE:CVE) On Your Watchlist?

Is Cenovus Energy (TSE:CVE) A Risky Investment?

Aug 19
Is Cenovus Energy (TSE:CVE) A Risky Investment?

Cenovus Energy Inc. (TSE:CVE) Shares Could Be 46% Below Their Intrinsic Value Estimate

Jul 20
Cenovus Energy Inc. (TSE:CVE) Shares Could Be 46% Below Their Intrinsic Value Estimate

Market Cool On Cenovus Energy Inc.'s (TSE:CVE) Earnings

Jul 04
Market Cool On Cenovus Energy Inc.'s (TSE:CVE) Earnings

Is Cenovus Energy (TSE:CVE) Using Too Much Debt?

Apr 14
Is Cenovus Energy (TSE:CVE) Using Too Much Debt?

Is Cenovus Energy Inc. (TSE:CVE) Trading At A 50% Discount?

Mar 05
Is Cenovus Energy Inc. (TSE:CVE) Trading At A 50% Discount?

Take Care Before Diving Into The Deep End On Cenovus Energy Inc. (TSE:CVE)

Jan 26
Take Care Before Diving Into The Deep End On Cenovus Energy Inc. (TSE:CVE)

Here's Why Cenovus Energy (TSE:CVE) Can Manage Its Debt Responsibly

Jan 05
Here's Why Cenovus Energy (TSE:CVE) Can Manage Its Debt Responsibly

Are Investors Undervaluing Cenovus Energy Inc. (TSE:CVE) By 35%?

Nov 06
Are Investors Undervaluing Cenovus Energy Inc. (TSE:CVE) By 35%?

These 4 Measures Indicate That Cenovus Energy (TSE:CVE) Is Using Debt Reasonably Well

Sep 30
These 4 Measures Indicate That Cenovus Energy (TSE:CVE) Is Using Debt Reasonably Well

Here's Why Cenovus Energy (TSE:CVE) Has Caught The Eye Of Investors

May 01
Here's Why Cenovus Energy (TSE:CVE) Has Caught The Eye Of Investors

A Look At The Intrinsic Value Of Cenovus Energy Inc. (TSE:CVE)

Mar 16
A Look At The Intrinsic Value Of Cenovus Energy Inc. (TSE:CVE)

Cenovus Energy (TSE:CVE) Seems To Use Debt Rather Sparingly

Feb 13
Cenovus Energy (TSE:CVE) Seems To Use Debt Rather Sparingly

Shareholder Returns

CVECA Oil and GasCA Market
7D2.6%3.6%2.2%
1Y-6.1%19.8%23.4%

Return vs Industry: CVE underperformed the Canadian Oil and Gas industry which returned 19.8% over the past year.

Return vs Market: CVE underperformed the Canadian Market which returned 23.4% over the past year.

Price Volatility

Is CVE's price volatile compared to industry and market?
CVE volatility
CVE Average Weekly Movement4.1%
Oil and Gas Industry Average Movement6.6%
Market Average Movement8.3%
10% most volatile stocks in CA Market17.7%
10% least volatile stocks in CA Market2.9%

Stable Share Price: CVE has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: CVE's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a6,925Jon McKenziewww.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 fundamental statistics
Market capCA$41.32b
Earnings (TTM)CA$3.70b
Revenue (TTM)CA$55.67b

11.2x

P/E Ratio

0.7x

P/S Ratio

Is CVE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CVE income statement (TTM)
RevenueCA$55.67b
Cost of RevenueCA$44.80b
Gross ProfitCA$10.87b
Other ExpensesCA$7.16b
EarningsCA$3.70b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)2.03
Gross Margin19.52%
Net Profit Margin6.65%
Debt/Equity Ratio24.7%

How did CVE perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

39%

Payout Ratio

Does CVE pay a reliable dividends?

See CVE dividend history and benchmarks
When do you need to buy CVE by to receive an upcoming dividend?
Cenovus Energy dividend dates
Ex Dividend DateDec 13 2024
Dividend Pay DateDec 31 2024
Days until Ex dividend18 days
Days until Dividend pay date36 days

Does CVE pay a reliable dividends?

See CVE dividend history and benchmarks