CVE - Cenovus Energy Inc.

NYSE - NYSE Delayed Price. Currency in USD
9.35
-0.15 (-1.58%)
At close: 4:02PM EDT
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Previous Close9.50
Open9.52
Bid9.37 x 3000
Ask9.42 x 800
Day's Range9.24 - 9.63
52 Week Range6.15 - 10.65
Volume4,669,199
Avg. Volume3,441,749
Market Cap11.528B
Beta (3Y Monthly)1.35
PE Ratio (TTM)N/A
EPS (TTM)-0.42
Earnings DateN/A
Forward Dividend & Yield0.15 (1.60%)
Ex-Dividend Date2019-09-12
1y Target Est10.85
Trade prices are not sourced from all markets
  • Moody's

    Borger Energy Associates, L.P. -- Moody's upgrades Borger Energy Associates, L.P. to Ba3 from B1; outlook stable

    Moody's Investors Service ("Moody's") today upgraded the senior secured rating for Borger Energy Associates, L.P. (Borger) to Ba3 from B1. Borger's rating upgrade is driven by the renewal of its Steam Sales Agreement (SSA) on favorable terms with its steam offtaker, WRB Refining LP (WRB). The SSA, which was set to expire this year, has been extended for five years to June 2024.

  • Why Is Cenovus (CVE) Down 9.6% Since Last Earnings Report?
    Zacks

    Why Is Cenovus (CVE) Down 9.6% Since Last Earnings Report?

    Cenovus (CVE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Will Canada's Extended Oil Cut Plan Boost the Energy Sector?
    Zacks

    Will Canada's Extended Oil Cut Plan Boost the Energy Sector?

    With pipeline crisis in Canada not likely to resolve anytime soon, the oil curtailment program has been extended through 2020-end.

  • JPMorgan Is Still Bearish on General Electric Stock
    InvestorPlace

    JPMorgan Is Still Bearish on General Electric Stock

    It's been almost two weeks since General Electric (NYSE:GE) announced its Q2 earnings. Although they were slightly better than expected, General Electric stock has dropped meaningfully since its results were unveiled. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsBefore you buy GE stock, you might want to consider that the biggest GE stock bear -- Stephen Tusa of JPMorgan, who was bearish on General Electric stock way back in April 2013 -- continues to be unimpressed by CEO Larry Culp's turnaround plan. * 7 Safe Dividend Stocks for Investors to Buy Right Now Investors don't seem too impressed with Culp's plan, either. Since Culp's taken the top job at GE in October 2018, the GE stock price is down about 25%.Despite the warnings of JPMorgan's Tusa, the longtime General Electric stock bear, some investors might think they should be greedy when others are fearful when it comes to GE stock. But that would be a mistake. GE isn't the company it once was, Tusa is not the only analyst who's skeptical about Culp's ability to turn the company around. Moreover, there are better stocks with share prices under $10 and there are better names with market caps of around $80 billion. There are many reasons why investors might want to think twice about General Electric stock. Here are three of them The Bear's Not BitingEven though GE beat analysts' estimates and the company raised its full-year outlook, Tusa suggested that weakness at its Power and Renewables businesses made General Electric stock undesirable."The quarter was a miss operationally, with the combined Power/Renewables segments worse (despite no H-class turbine deliveries which is accretive), offset by modest upside at Healthcare and a material miss at Aviation, the key value driver," Tusa stated in his a July 31 note to his clients. "The stock is up on the headlines, as it has been many times before, but, like in the past, the underlying core fundamentals are actually a bit worse, and we remain underweight on this basis and would be selling into any strength," the analyst added. Tusa has a $5 price target on General Electric stock at the moment. To make things worse, GE stock price breached its 200-day moving average on Aug. 9 for the first time since early June. Nine analysts have a "buy" rating on GE, nine have a "hold" rating and two have a "sell" rating. As for their target prices, the high is $21, and the average is $11.83. If GE stock price rebounds to the average target, it will have generated a return of nearly 25%. That's tempting, but I wouldn't bet against Tusa at this point. Better Choices Than General Electric Stock There aren't a lot of large-cap stocks, other than financials, with share prices of less than $10.However, I would suggest that Sirius XM (NASDAQ:SIRI), Ford (NYSE:F), Cenovus (NYSE:CVE), and CNH Industrial (NYSE:CNH) would all make better buys than General Electric stock at this point.As for large-cap stocks with market caps of around $80 billion, investors could put together a diversified, 20-company portfolio of similarly valued stocks that could do better than GE stock over the long haul.Stocks that come to mind include Mondelez International (NASDAQ:MDLZ), CVS Health (NYSE:CVS), and Intuit (NASDAQ:INTU). As I stated in July, the gains GE has made in 2019 -- it's up 23.3% including dividends, through August 9 -- are profits that should be taken. "While it might regain positive free cash flow by 2020, its earning power won't be nearly as robust as it once was. As recently as 2014, GE had almost $21 billion of free cash flow. After selling so many divisions to tidy up its balance sheet, it's lost the ability to generate significant cash flow," I wrote in a column published on July 12."Analysts like Stephen Tusa see that as a big problem. I would tend to agree with them." I added.At the end of the day, Larry Culp won't be able to return GE to its glory years. He might be able to build a reasonably sound business in three to five years, but he's never going to make it a $300 billion market cap giant like it was before the last major recession in 2008. Investors shouldn't buy General Electric stock until Stephen Tusa changes his stripes and becomes a GE stock bull. But you've probably got a better shot at winning the lottery. Once analysts are bears, they usually stay bearish. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Real Estate Investments to Ride Out the Current Storm * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk * 7 Safe Dividend Stocks for Investors to Buy Right Now The post JPMorgan Is Still Bearish on General Electric Stock  appeared first on InvestorPlace.

  • Imperial Oil (IMO) Tops Earnings and Sales Estimates in Q2
    Zacks

    Imperial Oil (IMO) Tops Earnings and Sales Estimates in Q2

    Imperial Oil (IMO) generates cash flow from operating activities of C$1,029 million in second-quarter 2019.

  • Cenovus (CVE) Lags Q2 Earnings Estimates, Beats on Revenues
    Zacks

    Cenovus (CVE) Lags Q2 Earnings Estimates, Beats on Revenues

    Cenovus Energy's (CVE) second-quarter results are affected by lower production and unplanned maintenance activities at refineries.

  • Cenovus Energy (CVE) Q2 2019 Earnings Call Transcript
    Motley Fool

    Cenovus Energy (CVE) Q2 2019 Earnings Call Transcript

    CVE earnings call for the period ending June 30, 2019.

  • Cenovus Energy (CVE) Q2 Earnings Lag Estimates
    Zacks

    Cenovus Energy (CVE) Q2 Earnings Lag Estimates

    Cenovus (CVE) delivered earnings and revenue surprises of -30.43% and 1.09%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Cenovus substantially achieves $7 billion near-term net debt target

    Cenovus Energy Inc. (CVE.TO) (CVE) reduced net debt to $7.1 billion in the second quarter after generating over $830 million in free funds flow. The company’s excellent financial performance was driven by higher realized oil prices, which contributed to oil sands operating margin of more than $1.0 billion. “Through focused operations and disciplined capital allocation, we have materially improved our balance sheet and achieved a very important milestone,” said Alex Pourbaix, Cenovus President & Chief Executive Officer.

  • GlobeNewswire

    Cenovus releases 2018 environmental, social & governance report

    CALGARY, Alberta, July 23, 2019 -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has published its 2018 environmental, social & governance (ESG) report detailing the company's.

  • Helmerich & Payne (HP) to Report Q3 Earnings: What's Up?
    Zacks

    Helmerich & Payne (HP) to Report Q3 Earnings: What's Up?

    While higher y/y contribution from the U.S Land unit is likely to fuel Helmerich and Payne's (HP) fiscal Q3 earnings, tepid performance from Offshore and International Land units may ail results.

  • TOTAL (TOT) to Report Q2 Earnings: What's in the Offing?
    Zacks

    TOTAL (TOT) to Report Q2 Earnings: What's in the Offing?

    TOTAL (TOT) is expected to beat earnings estimates when it reports Q2 results on Jul 25, 2019. The results are likely to get a boost from new projects, which are in turn boosting production.

  • Can Onshore/Offshore Unit Aid TechnipFMC (FTI) Q2 Earnings?
    Zacks

    Can Onshore/Offshore Unit Aid TechnipFMC (FTI) Q2 Earnings?

    Higher revenues and EBITDA from TechnipFMC's (FTI) Onshore/Offshore segment are expected to drive earnings in the second quarter of 2019.

  • GlobeNewswire

    Cenovus to hold conference call and webcast on second-quarter 2019 results

    CALGARY, Alberta, July 18, 2019 -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its second-quarter results on Thursday, July 25, 2019. The news release will provide.

  • Cenovus Energy (CVE) Earnings Expected to Grow: Should You Buy?
    Zacks

    Cenovus Energy (CVE) Earnings Expected to Grow: Should You Buy?

    Cenovus (CVE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • GlobeNewswire

    Cenovus achieves landmark business milestone

    Cenovus Energy Inc. (CVE.TO) (CVE) announced today that on July 10, 2019 the company reached one billion barrels of cumulative production from its Foster Creek and Christina Lake oil sands facilities in northern Alberta. Cenovus is the first company to produce one billion barrels of oil using steam-assisted gravity drainage (SAGD) technology. Foster Creek began producing oil as a pilot under a predecessor company in 1997 and in 2001 became the first commercial oil sands project to use SAGD, while Christina Lake began producing oil in 2002.

  • Moody's

    Borger Energy Associates, L.P. -- Moody's places Borger's B1 rating under review for upgrade

    Moody's Investors Service ("Moody's") today placed the B1 senior secured rating of Borger Energy Associates, L.P. (Borger) on review for upgrade. Borger's review for upgrade considers the project's Steam Sales Agreement (SSA) renewal with WRB Refining, LP on favorable terms that should ultimately contribute to higher financial metrics. WRB Refining, LP is a joint partnership between Phillips 66 (A3 stable) and Cenovus Energy Inc. (Ba1 stable).

  • Here's Why You Should Retain Cenovus Energy (CVE) Stock Now
    Zacks

    Here's Why You Should Retain Cenovus Energy (CVE) Stock Now

    Cenovus Energy's (CVE) prospects are impressive, given new growth projects and increasing efficiency. However, balance sheet weakness and other challenges are affecting the stock.

  • GlobeNewswire

    Cenovus announces pricing for cash tender offers

    Cenovus Energy Inc. (CVE.TO) (CVE) has determined the pricing for the previously announced cash tender offers (the “Tender Offers”) for up to US$748,009,000 aggregate principal amount (the “Revised Maximum Amount”) of its 4.450% Notes due 2042, 5.200% Notes due 2043, 3.000% Notes due 2022, 4.250% Notes due 2027, 5.250% Notes due 2037, 5.400% Notes due 2047 and 3.800% Notes due 2023 (collectively, the “Notes”). The Tender Offers were made to all registered holders (individually, a “Holder” and collectively, the “Holders”) of the Notes upon the terms and subject to the conditions set forth in the Offer to Purchase dated June 4, 2019 (as amended or supplemented from time to time, the “Offer to Purchase”) and related Letter of Transmittal (the “Letter of Transmittal” and, together with the Offer to Purchase, the “Offer Documents”).

  • A Company's First Profit Can Mean Big Profits for Investors
    Zacks

    A Company's First Profit Can Mean Big Profits for Investors

    A Company's First Profit Can Mean Big Profits for Investors

  • GlobeNewswire

    Cenovus announces results of cash tender offers

    Cenovus Energy Inc. (CVE.TO) (CVE) intends to repurchase US$748,009,000 aggregate principal amount (the “Revised Maximum Amount”) of its debt as the result of successful cash tender offers (the “Tender Offers”) for certain of its outstanding Notes (as defined below) announced on June 4, 2019. The Tender Offers, originally for up to US$500,000,000 aggregate principal amount (the “Maximum Amount”) of Cenovus’s 4.450% Notes due 2042, 5.200% Notes due 2043, 3.000% Notes due 2022, 4.250% Notes due 2027, 5.250% Notes due 2037, 5.400% Notes due 2047 and 3.800% Notes due 2023 (collectively, the “Notes”) were fully subscribed, and the company has exercised its right to increase the overall principal amount of the repurchase to US$748,009,000.

  • GlobeNewswire

    Cenovus announces cash tender offers for certain outstanding notes

    Cenovus Energy Inc. (CVE.TO) (CVE) announced today that it has commenced cash tender offers (the “Tender Offers”) for up to US$500 million aggregate principal amount (the “Maximum Amount”) of its 4.450% Notes due 2042, 5.200% Notes due 2043, 3.000% Notes due 2022, 4.250% Notes due 2027, 5.250% Notes due 2037, 5.400% Notes due 2047 and 3.800% Notes due 2023 (collectively, the “Notes”). The Tender Offers are being made upon the terms and subject to the conditions set forth in the Offer to Purchase dated June 4, 2019 (as amended or supplemented from time to time, the “Offer to Purchase”) and related Letter of Transmittal (the “Letter of Transmittal”). The Tender Offers are open to all registered holders (individually, a “Holder” and collectively, the “Holders”) of the Notes.