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Cenovus Energy NYSE:CVE Stock Report

Last Price

US$14.42

Market Cap

US$26.3b

7D

-5.4%

1Y

-13.8%

Updated

22 Dec, 2024

Data

Company Financials +

Cenovus Energy Inc.

NYSE:CVE Stock Report

Market Cap: US$26.3b

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 64% below our estimate of its fair value

Earnings are forecast to grow 4.53% per year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 49.8%

Risk Analysis

Unstable dividend track record


My Notes

Capture your thoughts, links and company narrative

Cenovus Energy Inc. Competitors

Occidental Petroleum

NYSE:OXY

US$44.2b

Chevron

NYSE:CVX

US$256.7b

Exxon Mobil

NYSE:XOM

US$465.3b

Cheniere Energy Partners

NYSE:CQP

US$25.3b

Price History & Performance

Summary of share price highs, lows and changes for Cenovus Energy
Historical stock prices
Current Share PriceCA$14.42
52 Week HighCA$21.90
52 Week LowCA$14.20
Beta2.56
1 Month Change-10.93%
3 Month Change-16.11%
1 Year Change-13.81%
3 Year Change20.07%
5 Year Change43.34%
Change since IPO-42.32%

Recent News & Updates

Cenovus Energy: Even More Attractive

Dec 03

Cenovus: Record Valuation Discount Could Set Up Strong Returns

Nov 20

Recent updates

Cenovus Energy: Even More Attractive

Dec 03

Cenovus: Record Valuation Discount Could Set Up Strong Returns

Nov 20

Cash-Flow Gusher: Why Cenovus Remains One Of My Favorite Energy Plays

Nov 01

Cenovus Energy: A Cash Flow Monster

Sep 04

Cenovus Energy: Net Debt Target Bullseye So Here Comes The Cash

Aug 02

The Negativity Toward Cenovus Energy Is Overdone

Jun 12

Cenovus Energy: 29% Dividend Hike Is Just The Beginning

Jun 05

Cash Flow Gusher: How Cenovus Energy Can Shower You With Dividends

May 12

Cenovus Energy: My Top Pick Among Canadian Majors

Apr 10

Cenovus Energy: Possibly One Of The Most Undervalued Energy Stocks

Feb 18

Cenovus Energy: The Waiting Is The Hardest Part

Nov 16

Canada's Best - Cenovus Is A Significantly Undervalued Buyback Powerhouse

Nov 06

Cenovus Energy Inc: Not Getting A Lot Of Value Here

Oct 05

Cenovus Energy: This Variable Can Turbocharge The E&P Rally

Sep 15

Cenovus Energy: Massive Buybacks And Dividends Are Around The Corner

Aug 31

Chevron Is Better Than Cenovus

Aug 23

Cenovus Energy: Still Growing

Jul 24

Cenovus Energy: Preferred Shares Look Incredibly Attractive

Jul 14

Cenovus Energy: Investor Patience Could Be Rewarded Toward Year End

Jun 06

Cenovus: What To Expect From Oil Sands Producer's Q4

Feb 14

Cenovus Energy: Integration Continues

Jan 22

The Trans Mountain Pipeline Expansion Will Benefit Cenovus

Jan 17

Cenovus Energy goes ex-dividend tomorrow

Dec 13

Shareholder Returns

CVEUS Oil and GasUS Market
7D-5.4%-5.1%-2.4%
1Y-13.8%2.6%23.3%

Return vs Industry: CVE underperformed the US Oil and Gas industry which returned 2.6% over the past year.

Return vs Market: CVE underperformed the US Market which returned 23.3% over the past year.

Price Volatility

Is CVE's price volatile compared to industry and market?
CVE volatility
CVE Average Weekly Movement4.0%
Oil and Gas Industry Average Movement5.4%
Market Average Movement6.3%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: CVE has not had significant price volatility in the past 3 months compared to the US 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 capUS$26.32b
Earnings (TTM)US$2.58b
Revenue (TTM)US$38.74b

10.2x

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

3.9%

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 dividend9 days
Days until Dividend pay date9 days

Does CVE pay a reliable dividends?

See CVE dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:02
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Cenovus Energy Inc. is covered by 51 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Patrick O'RourkeATB Capital Markets
Yim ChengBarclays