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

CVE Stock Overview

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

About the company

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

Rewards

Trading at 67.2% below our estimate of its fair value

Earnings grew by 23% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 37.5%

Risk Analysis

Earnings are forecast to decline by an average of 0.8% per year for the next 3 years

Unstable dividend track record

Significant insider selling over the past 3 months

Cenovus Energy Inc. Competitors

Imperial Oil

TSX:IMO

CA$50.6b

Suncor Energy

TSX:SU

CA$65.0b

TC Energy

TSX:TRP

CA$61.5b

Pembina Pipeline

TSX:PPL

CA$30.7b

Price History & Performance

Summary of all time highs, changes and price drops for Cenovus Energy
Historical stock prices
Current Share Price	CA$24.80
52 Week High	CA$29.96
52 Week Low	CA$19.82
Beta	2.73
11 Month Change	-7.39%
3 Month Change	-12.31%
1 Year Change	-2.75%
33 Year Change	143.61%
5 Year Change	119.86%
Change since IPO	-12.37%

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

Jul 20

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

Jul 04

Recent updates

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

Jul 20

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

Sep 30

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

May 01

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

Mar 16

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

Feb 13

Cenovus Energy (TSE:CVE) Has A Pretty Healthy Balance Sheet

Oct 11

Shareholder Returns

	CVE	CA Oil and Gas	CA Market
7D	-9.3%	-3.2%	-2.6%
1Y	-2.7%	10.6%	9.4%

Return vs Industry: CVE underperformed the Canadian Oil and Gas industry which returned 10.6% over the past year.

Return vs Market: CVE underperformed the Canadian Market which returned 9.4% over the past year.

Price Volatility

Is CVE's price volatile compared to industry and market?
CVE volatility
CVE Average Weekly Movement	4.3%
Oil and Gas Industry Average Movement	6.9%
Market Average Movement	8.0%
10% most volatile stocks in CA Market	16.5%
10% least volatile stocks in CA Market	3.1%

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

Volatility Over Time: CVE's weekly volatility (4%) 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 fundamental statistics
Market cap	CA$46.03b
Earnings (TTM)	CA$4.75b
Revenue (TTM)	CA$55.99b

9.7x

P/E Ratio

0.8x

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)
Revenue	CA$55.99b
Cost of Revenue	CA$43.36b
Gross Profit	CA$12.64b
Other Expenses	CA$7.89b
Earnings	CA$4.75b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.56
Gross Margin	22.57%
Net Profit Margin	8.48%
Debt/Equity Ratio	24.7%

How did CVE perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

24%

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 Date	Sep 13 2024
Dividend Pay Date	Sep 27 2024
Days until Ex dividend	39 days
Days until Dividend pay date	53 days

Does CVE pay a reliable dividends?

See CVE dividend history and benchmarks

CVE Stock Overview

Rewards

Risk Analysis

Cenovus Energy Inc. Competitors

TSX:IMO

CA$50.6b

TSX:SU

CA$65.0b

TSX:TRP

CA$61.5b

TSX:PPL

CA$30.7b

Price History & Performance

Recent News & Updates

Dividend of CA$0.18 announced

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Cenovus Energy Inc. Declares Quarterly Dividend, Payable on September 27, 2024

Cenovus Energy Inc. to Report Q2, 2024 Results on Aug 01, 2024

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

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

Recent updates

Dividend of CA$0.18 announced

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Cenovus Energy Inc. Declares Quarterly Dividend, Payable on September 27, 2024

Cenovus Energy Inc. to Report Q2, 2024 Results on Aug 01, 2024

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

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

Executive Chair exercised options and sold CA$10m worth of stock

Upcoming dividend of CA$0.18 per share

New minor risk - Insider selling

Executive VP & Chief Commercial Officer recently sold CA$11m worth of stock

Executive VP & COO exercised options and sold CA$13m worth of stock

Insider recently bought CA$137k worth of stock

Dividend of CA$0.18 announced

President exercised options and sold CA$5.1m worth of stock

Upcoming dividend of CA$0.14 per share

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

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: EPS: CA$0.62 (vs CA$0.33 in 1Q 2023)

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

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

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

President recently bought CA$1.5m worth of stock

Executive VP & COO exercised options and sold CA$3.5m worth of stock

Insider exercised options and sold CA$1.0m worth of stock

President recently bought CA$1.2m worth of stock

Upcoming dividend of CA$0.14 per share

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

Consensus EPS estimates fall by 17%

President recently bought CA$1.2m worth of stock

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates increase by 10%, revenue downgraded

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

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

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

Consensus EPS estimates fall by 12%

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

Athabasca Oil Corporation Provides Executive Update for Duvernay Energy Corporation

Cenovus Energy Inc. Provides Production Guidance for the Year 2024

Upcoming dividend of CA$0.14 per share at 2.5% yield

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

Third quarter 2023 earnings: EPS in line with expectations, revenues disappoint

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

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

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

Executive VP & Chief Commercial Officer exercised options and sold CA$4.3m worth of stock

Upcoming dividend of CA$0.14 per share at 2.4% yield

Insider exercised options and sold CA$3.3m worth of stock

Insider exercised options and sold CA$2.8m worth of stock

High number of new directors

Cenovus Energy Inc. Announces Management Changes, Effective September 1, 2023

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

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

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

Executive Vice President of Downstream recently bought CA$222k worth of stock

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Insider exercised options and sold CA$604k worth of stock

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

Investor sentiment deteriorates as stock falls 15%