CVE.TO - Cenovus Energy Inc.

Toronto - Toronto Delayed Price. Currency in CAD
11.95
-0.28 (-2.29%)
At close: 4:00PM EST
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Previous Close12.23
Open12.08
Bid11.95 x 0
Ask11.96 x 0
Day's Range11.87 - 12.10
52 Week Range10.29 - 14.31
Volume7,711,993
Avg. Volume3,515,569
Market Cap14.685B
Beta (5Y Monthly)1.85
PE Ratio (TTM)6.71
EPS (TTM)1.78
Earnings DateFeb 11, 2020
Forward Dividend & Yield0.25 (2.04%)
Ex-Dividend DateMar 11, 2020
1y Target Est14.93
  • Are Cenovus Energy Inc.’s (TSE:CVE) Returns Worth Your While?
    Simply Wall St.

    Are Cenovus Energy Inc.’s (TSE:CVE) Returns Worth Your While?

    Today we are going to look at Cenovus Energy Inc. (TSE:CVE) to see whether it might be an attractive investment...

  • Michael Burry's Scion Asset Management Buys 5 Stocks in the 4th Quarter
    GuruFocus.com

    Michael Burry's Scion Asset Management Buys 5 Stocks in the 4th Quarter

    Firm of 'Big Short' investor also axes stake in Bed Bath & Beyond Continue reading...

  • Cenovus' (CVE) Earnings and Revenues Miss Estimates in Q4
    Zacks

    Cenovus' (CVE) Earnings and Revenues Miss Estimates in Q4

    Lower margins from the refining and marketing businesses hurt Cenovus' (CVE) Q4 earnings.

  • Thomson Reuters StreetEvents

    Edited Transcript of CVE.TO earnings conference call or presentation 12-Feb-20 4:00pm GMT

    Q4 2019 Cenovus Energy Inc Earnings Call

  • Cenovus Energy (CVE) Reports Q4 Loss, Lags Revenue Estimates
    Zacks

    Cenovus Energy (CVE) Reports Q4 Loss, Lags Revenue Estimates

    Cenovus (CVE) delivered earnings and revenue surprises of -225.00% and -11.06%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Reuters

    Cenovus posts surprise fourth-quarter loss as costs rise; shares drop

    The company produced 467,448 barrels of oil equivalent per day (boe/d) during the quarter, an increase of 8% from a year-ago period when it had restrained production rates. Cenovus took advantage of the Alberta government's special production allowance, which permits additional oil output if it moves by rail. Reduced refining margins show the ripple effects of Alberta's drastic efforts to address the Canadian industry's struggles.

  • GlobeNewswire

    Cenovus delivers strong 2019 financial and operating performance

    Cenovus Energy Inc. (CVE.TO) (CVE.TO) continued to gain momentum in 2019, generating free funds flow of $361 million in the fourth quarter and approximately $2.5 billion for the year, reducing net debt by 22% year-over-year and completing construction on its Christina Lake phase G oil sands expansion in March. In the fourth quarter of 2019, Cenovus increased its dividend by 25% and reached full ramp-up of its crude-by-rail shipping capacity.

  • Why Earnings Season Could Be Great for Cenovus (CVE)
    Zacks

    Why Earnings Season Could Be Great for Cenovus (CVE)

    Cenovus (CVE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings.

  • GlobeNewswire

    Cenovus to hold conference call and webcast on fourth-quarter and year-end 2019 results

    CALGARY, Alberta, Feb. 05, 2020 -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its fourth-quarter and year-end 2019 results on Wednesday, February 12, 2020. The.

  • Reuters

    CANADA STOCKS-TSX rises on reports of effective coronavirus drugs

    Canada's main stock index rose on Wednesday, boosted by a 3% surge in energy stocks, as sentiment was lifted by reports of drug breakthroughs in treating the fast-spreading coronavirus. * The energy sector was set to post its biggest percentage gain in two months, as oil prices soared on media reports that scientists have developed a drug to treat the disease that has killed 490 people in China. * The largest percentage gainers on the TSX were MEG Energy Corp, which jumped 7.5% and Cenovus Energy, which rose 5.6%.

  • Reuters

    Canada's Cenovus Energy to build houses for indigenous communities

    The commitment towards the six First Nations and Métis communities could be extended to 10 years and result in a total investment of C$100 million, the company said. Alberta this week set up Alberta Indigenous Opportunities Corp to allocate up to C$1 billion to support First Nations that back resource projects, such as oil pipelines. First Nations plays a pivotal role in Canada's oil industry because governments and companies have a legal duty to consult and accommodate them before proceeding with resource projects that affect their territories.

  • Reuters

    REFILE-Canada's Cenovus Energy to build houses for indigenous communities

    Canada's Cenovus Energy said on Thursday it would invest C$10 million ($7.61 million) annually for a period of five years to help build about 200 homes for indigenous communities near its oil sands operations in the province of Alberta. Alberta this week set up Alberta Indigenous Opportunities Corp to allocate up to C$1 billion to support First Nations that back resource projects, such as oil pipelines. First Nations plays a pivotal role in Canada's oil industry because governments and companies have a legal duty to consult and accommodate them before proceeding with resource projects that affect their territories.

  • GlobeNewswire

    Cenovus to help address Indigenous housing crisis in northern Alberta

    Cenovus Energy Inc. (CVE.TO) (CVE.TO) today launched a major initiative aimed at addressing one of the most pressing issues facing Indigenous communities in Canada – the lack of adequate housing that is forcing many families to live in overcrowded and unsafe conditions. Cenovus is committing $10 million per year for five years to build much-needed new homes in six First Nations and Métis communities closest to its oil sands operations in northern Alberta, with the potential to extend the project to 10 years. The company sees this initiative as an important way to contribute to reconciliation with Indigenous peoples.

  • Wall Street Recommends This Trio of Low Price-Book Stocks
    GuruFocus.com

    Wall Street Recommends This Trio of Low Price-Book Stocks

    Archer-Daniels-Midland Company tops the list Continue reading...

  • How Did Cenovus Energy Inc (CVE) Compare Against Hedge Fund Darlings in 2019?
    Insider Monkey

    How Did Cenovus Energy Inc (CVE) Compare Against Hedge Fund Darlings in 2019?

    Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]

  • Reuters

    Canada's Cenovus Energy aims for 30% cut in emission intensity by 2030

    The Alberta-based integrated oil and gas company said it will spend an additional C$1.5 billion on businesses run by the country's indigenous communities. Opposition from environmental and indigenous groups have stalled new pipeline projects in Canada and the United States that are needed to move Canadian crude to refineries. Prime Minister Justin Trudeau, who won a re-election in October last year, promised Canada would achieve net-zero carbon emissions by 2050.

  • GlobeNewswire

    Cenovus sets bold sustainability targets

    Cenovus Energy Inc. (CVE.TO) (CVE.TO) is establishing ambitious environmental, social and governance (ESG) targets to guide performance in its four ESG focus areas: climate & greenhouse gas (GHG) emissions, Indigenous engagement, land & wildlife, and water stewardship. Leading safety practices, strong governance and ongoing innovation remain foundational to Cenovus. The ESG targets are part of Cenovus’s focus on maintaining a low cost structure, growing free funds flow and shareholder returns, and continuing to strengthen its balance sheet as it implements the five-year business plan that was communicated at Investor Day in October.

  • Is Cenovus Energy Inc. (TSE:CVE) A Great Dividend Stock?
    Simply Wall St.

    Is Cenovus Energy Inc. (TSE:CVE) A Great Dividend Stock?

    Dividend paying stocks like Cenovus Energy Inc. (TSE:CVE) tend to be popular with investors, and for good reason...

  • CNW Group

    Quarterly S&P/TSX Composite Index Review - December 2019

    Quarterly S&P/TSX Composite Index Review - December 2019

  • Oil producer Cenovus raises 2020 budget as Alberta curtailments eased
    Reuters

    Oil producer Cenovus raises 2020 budget as Alberta curtailments eased

    Investors want capital discipline, cleaner balance sheets and better management of cash flow from companies as oil prices remain volatile amid global trade tensions. Alberta, Canada's main oil-producing province, in January ordered curtailments on oil production to deal with pipeline bottlenecks that had led to a glut in crude storage and record price discounts.

  • GlobeNewswire

    Cenovus’s 2020 budget maintains focus on cost leadership, capital discipline

    CALGARY, Alberta, Dec. 10, 2019 -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) remains committed to delivering increasing shareholder value through cost leadership, capital.

  • Hedge Funds Have Never Been This Bullish On Cenovus Energy Inc (CVE)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Cenovus Energy Inc (CVE)

    As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the third quarter. We get to see hedge funds' thoughts towards the market and […]

  • If You Had Bought Cenovus Energy (TSE:CVE) Stock Five Years Ago, You'd Be Sitting On A 56% Loss, Today
    Simply Wall St.

    If You Had Bought Cenovus Energy (TSE:CVE) Stock Five Years Ago, You'd Be Sitting On A 56% Loss, Today

    While not a mind-blowing move, it is good to see that the Cenovus Energy Inc. (TSE:CVE) share price has gained 12% in...