Summary
16.85 -0.75(-4.26%)10/15/2024
Cenovus Energy Inc (CVE)
Cenovus Energy Inc (CVE)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -4.26 | -4.72 | 2.49 | -18.38 | -18.03 | -19.80 | 109.31 | 10,753.33 |
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| Trading Data | ||
| Close | 16.85 | |
| Open | 17.02 | |
| High | 17.10 | |
| Low | 16.77 | |
| Volume | 7,027,985 | |
| Change | -0.75 | |
| Change % | -4.26 | |
| Avg Volume (20 Days) | 8,324,857 | |
| Volume/Avg Volume (20 Days) Ratio | 0.84 | |
| 52 Week Range | 14.69 - 21.90 | |
| Price vs 52 Week High | -23.06% | |
| Price vs 52 Week Low | 14.70% | |
| Range | -1.00 | |
| Gap Up/Down | -0.77 | |
Fundamentals | ||
| Market Capitalization (Mln) | 30,236 | |
| EBIDTA | 10,775,000,064 | |
| PE Ratio | 11.6648 | |
| PEG Ratio | 0.4500 | |
| WallStreet Target Price | 23.82 | |
| Book Value | 15.6620 | |
| Earnings Per Share | 1.7600 | |
| EPS Estimate Current Quarter | 0.3900 | |
| EPS Estimate Next Quarter | 0.5900 | |
| EPS Estimate Current Year | 2.0600 | |
| EPS Estimate Next Year | 2.4100 | |
| Diluted EPS (TTM) | 1.7600 | |
| Revenues | ||
| Profit Marging | 0.0872 | |
| Operating Marging (TTM) | 0.1185 | |
| Return on asset (TTM) | 0.0717 | |
| Return on equity (TTM) | 0.1611 | |
| Revenue TTM | 53,339,000,832 | |
| Revenue per share TTM | 28.2910 | |
| Quarterly Revenue Growth (YOY) | 0.0930 | |
| Quarterly Earnings Growth (YOY) | 0.9380 | |
| Gross Profit (TTM) | 15,997,000,000 | |
| Dividends | ||
| Dividend Share | 0.5600 | |
| Dividend Yield | 0.0260 | |
| Valuations | ||
| Trailing PE | 11.6648 | |
| Forward PE | 10.6610 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 1.8997 | |
| Revenue Enterprise Value | 0.8176 | |
| EBITDA Enterprise Value | 4.3583 | |
| Shares | ||
| Shares Outstanding | 1,865,200,000 | |
| Shares Float | 1,309,507,201 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.01 | |
| Insider (%) | 31.50 | |
| Institutions (%) | 55.96 | |
10/07 12:54 EST - proactiveinvestors.com
Analysts identify attractively priced oil levered companies amid Middle East tensions
Amid geopolitical tensions in the Middle East, Jefferies analysts have highlighted oil levered companies that have underperformed, and therefore are attractively priced. In recent developments, Iran launched an estimated 181 ballistic missiles at Israel last Tuesday, prompting speculation about the potential consequences, with expectations that Israel will respond.
Analysts identify attractively priced oil levered companies amid Middle East tensions
Amid geopolitical tensions in the Middle East, Jefferies analysts have highlighted oil levered companies that have underperformed, and therefore are attractively priced. In recent developments, Iran launched an estimated 181 ballistic missiles at Israel last Tuesday, prompting speculation about the potential consequences, with expectations that Israel will respond.
09/29 07:50 EST - seekingalpha.com
Cenovus Energy Will Shine In Any Bear Market
Cenovus Energy has been an integrated producer for a short time. But it has a growth story that goes back a decade. Both stories should result in a higher valuation. The company's strategic cost-cutting and optimization efforts continue to bear positive results, which enhances the growth story. Cenovus Energy should perform better in a cyclical downturn as an integrated company than it did as a thermal upstream producer (subject to the thermal discount enlarging).
Cenovus Energy Will Shine In Any Bear Market
Cenovus Energy has been an integrated producer for a short time. But it has a growth story that goes back a decade. Both stories should result in a higher valuation. The company's strategic cost-cutting and optimization efforts continue to bear positive results, which enhances the growth story. Cenovus Energy should perform better in a cyclical downturn as an integrated company than it did as a thermal upstream producer (subject to the thermal discount enlarging).
09/27 11:50 EST - reuters.com
US-based Cenovus refinery to pay penalty for violating emissions rules
A U.S.-based refinery owned by Canada's Cenovus Energy will pay a $19 million penalty and spend an estimated $150 million in capital investments after violating emissions rules, U.S. authorities said on Friday.
US-based Cenovus refinery to pay penalty for violating emissions rules
A U.S.-based refinery owned by Canada's Cenovus Energy will pay a $19 million penalty and spend an estimated $150 million in capital investments after violating emissions rules, U.S. authorities said on Friday.
09/20 19:21 EST - zacks.com
Why Cenovus Energy (CVE) Dipped More Than Broader Market Today
Cenovus Energy (CVE) concluded the recent trading session at $17.11, signifying a -0.64% move from its prior day's close.
Why Cenovus Energy (CVE) Dipped More Than Broader Market Today
Cenovus Energy (CVE) concluded the recent trading session at $17.11, signifying a -0.64% move from its prior day's close.
09/13 19:18 EST - zacks.com
Cenovus Energy (CVE) Stock Sinks As Market Gains: Here's Why
In the latest trading session, Cenovus Energy (CVE) closed at $16.20, marking a -0.25% move from the previous day.
Cenovus Energy (CVE) Stock Sinks As Market Gains: Here's Why
In the latest trading session, Cenovus Energy (CVE) closed at $16.20, marking a -0.25% move from the previous day.
09/06 15:48 EST - seekingalpha.com
Cenovus Energy: Once More, But With Feeling
Cenovus Energy's stock has seen no price returns since July 2023, but this presents a buying opportunity due to its compelling valuation. Despite a production beat, Q2 2024 results missed AFFO expectations due to poor refining margins. The net debt target is in the rearview mirror, and big buybacks are right ahead.
Cenovus Energy: Once More, But With Feeling
Cenovus Energy's stock has seen no price returns since July 2023, but this presents a buying opportunity due to its compelling valuation. Despite a production beat, Q2 2024 results missed AFFO expectations due to poor refining margins. The net debt target is in the rearview mirror, and big buybacks are right ahead.
08/09 10:21 EST - zacks.com
Cenovus (CVE) Q2 Earnings Lag Estimates on Higher Expenses
A decline in production in the Canadian Manufacturing Unit and higher expenses hurt Cenovus' (CVE) Q2 earnings.
Cenovus (CVE) Q2 Earnings Lag Estimates on Higher Expenses
A decline in production in the Canadian Manufacturing Unit and higher expenses hurt Cenovus' (CVE) Q2 earnings.
08/04 10:10 EST - seekingalpha.com
Cenovus Energy: One Of My Best Ideas In Oil & Gas
Hedge funds have turned bearish on commodities, similar to 2016. Concerns about China's growth and supply issues are affecting the market. Despite the bearish outlook, there's potential in Canadian energy stocks like Cenovus, which boasts strong assets and a commitment to returning cash to shareholders. Cenovus, with low costs and long reserves, is undervalued. Its focus on debt reduction and generous dividends makes it an attractive investment opportunity.
Cenovus Energy: One Of My Best Ideas In Oil & Gas
Hedge funds have turned bearish on commodities, similar to 2016. Concerns about China's growth and supply issues are affecting the market. Despite the bearish outlook, there's potential in Canadian energy stocks like Cenovus, which boasts strong assets and a commitment to returning cash to shareholders. Cenovus, with low costs and long reserves, is undervalued. Its focus on debt reduction and generous dividends makes it an attractive investment opportunity.
08/02 07:26 EST - seekingalpha.com
Cenovus Energy Inc. (CVE) Q2 2024 Earnings Call Transcript
Cenovus Energy Inc. (NYSE:CVE ) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Patrick Read - Vice President, Investor Relations Jon McKenzie - Chief Executive Officer Keith Chiasson - Executive Vice President, Downstream Geoff Murray - Executive Vice-President, Commercial Kam Sandhar - Executive Vice President, Strategy and Corporate Development Jeff Lawson - Senior Vice-President, Corporate Development and Acting Chief Sustainability Officer Conference Call Participants Neil Mehta - Goldman Sachs Greg Pardy - RBC Dennis Fong - CIBC World Markets Menno Hulshof - TD Cowen John Royall - JPMorgan Manav Gupta - UBS Patrick O'Rourke - ATB Markets Harry Mateer - Barclays Alex Bill - allNewfoundlandLabrador Emma Graney - The Globe and Mail Chris Varcoe - Calgary Herald Robert Tuttle - Bloomberg News Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to Cenovus Energy's Second Quarter Results.
Cenovus Energy Inc. (CVE) Q2 2024 Earnings Call Transcript
Cenovus Energy Inc. (NYSE:CVE ) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Patrick Read - Vice President, Investor Relations Jon McKenzie - Chief Executive Officer Keith Chiasson - Executive Vice President, Downstream Geoff Murray - Executive Vice-President, Commercial Kam Sandhar - Executive Vice President, Strategy and Corporate Development Jeff Lawson - Senior Vice-President, Corporate Development and Acting Chief Sustainability Officer Conference Call Participants Neil Mehta - Goldman Sachs Greg Pardy - RBC Dennis Fong - CIBC World Markets Menno Hulshof - TD Cowen John Royall - JPMorgan Manav Gupta - UBS Patrick O'Rourke - ATB Markets Harry Mateer - Barclays Alex Bill - allNewfoundlandLabrador Emma Graney - The Globe and Mail Chris Varcoe - Calgary Herald Robert Tuttle - Bloomberg News Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to Cenovus Energy's Second Quarter Results.
08/01 23:10 EST - seekingalpha.com
Cenovus Energy: Net Debt Target Bullseye So Here Comes The Cash
Cenovus Energy hit the net debt target in July. Cenovus Energy to direct 100% of excess free cash flow to shareholder returns beginning with the third quarter. That is a whole lot more money available to shareholder returns. Cenovus needs a history as an integrated company with optimized acquisitions.
Cenovus Energy: Net Debt Target Bullseye So Here Comes The Cash
Cenovus Energy hit the net debt target in July. Cenovus Energy to direct 100% of excess free cash flow to shareholder returns beginning with the third quarter. That is a whole lot more money available to shareholder returns. Cenovus needs a history as an integrated company with optimized acquisitions.
08/01 08:21 EST - zacks.com
Cenovus Energy (CVE) Lags Q2 Earnings Estimates
Cenovus Energy (CVE) came out with quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.33 per share a year ago.
Cenovus Energy (CVE) Lags Q2 Earnings Estimates
Cenovus Energy (CVE) came out with quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.33 per share a year ago.
08/01 06:06 EST - reuters.com
Canada's Cenovus Energy posts higher second-quarter profit estimates
Cenovus Energy posted a rise in second-quarter profit on Thursday, as the Canadian oil and gas company benefited from higher throughput volumes and an increase in production.
Canada's Cenovus Energy posts higher second-quarter profit estimates
Cenovus Energy posted a rise in second-quarter profit on Thursday, as the Canadian oil and gas company benefited from higher throughput volumes and an increase in production.
08/01 06:00 EST - globenewswire.com
Cenovus announces second quarter 2024 results
CALGARY, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered strong operational performance across its portfolio in the second quarter of 2024, with solid production from its upstream assets and improved crude throughput at the company's U.S. refineries, which operated at an overall utilization rate of 93%. Net debt was $4.26 billion at June 30, 2024, and in July the company achieved its net debt target of $4.0 billion. As a result, beginning in the third quarter, Cenovus will begin returning 100% of excess free funds flow (EFFF) to shareholders, as per the company's shareholder returns framework.
Cenovus announces second quarter 2024 results
CALGARY, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) delivered strong operational performance across its portfolio in the second quarter of 2024, with solid production from its upstream assets and improved crude throughput at the company's U.S. refineries, which operated at an overall utilization rate of 93%. Net debt was $4.26 billion at June 30, 2024, and in July the company achieved its net debt target of $4.0 billion. As a result, beginning in the third quarter, Cenovus will begin returning 100% of excess free funds flow (EFFF) to shareholders, as per the company's shareholder returns framework.
07/25 16:15 EST - globenewswire.com
Cenovus to hold second-quarter conference call and webcast on August 1
CALGARY, Alberta, July 25, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its second-quarter 2024 results on Thursday, August 1. The news release will provide consolidated second-quarter operating and financial information. The company's financial statements will be available on Cenovus's website, cenovus.com.
Cenovus to hold second-quarter conference call and webcast on August 1
CALGARY, Alberta, July 25, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its second-quarter 2024 results on Thursday, August 1. The news release will provide consolidated second-quarter operating and financial information. The company's financial statements will be available on Cenovus's website, cenovus.com.
07/25 11:06 EST - zacks.com
Cenovus Energy (CVE) Earnings Expected to Grow: Should You Buy?
Cenovus (CVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cenovus Energy (CVE) Earnings Expected to Grow: Should You Buy?
Cenovus (CVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
07/23 15:11 EST - investorplace.com
7 Oil Stocks to Buy as Political Forces Collide
The world runs on oil. Given the scientific advantages of fossil fuels – namely their immense energy density – it's likely that the world will run on oil for a longer time than pundits are expecting.
7 Oil Stocks to Buy as Political Forces Collide
The world runs on oil. Given the scientific advantages of fossil fuels – namely their immense energy density – it's likely that the world will run on oil for a longer time than pundits are expecting.
07/21 06:00 EST - investorplace.com
3 Nuclear Fusion Stocks Energizing the Future
At the moment, the concept of nuclear fusion stocks – or at least the pure-play version – doesn't quite exist. But that doesn't mean you can't position your portfolio to take advantage of the underlying innovation.
3 Nuclear Fusion Stocks Energizing the Future
At the moment, the concept of nuclear fusion stocks – or at least the pure-play version – doesn't quite exist. But that doesn't mean you can't position your portfolio to take advantage of the underlying innovation.
07/17 12:45 EST - zacks.com
Cenovus Energy (CVE) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Cenovus Energy (CVE) have what it takes?
Cenovus Energy (CVE) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Cenovus Energy (CVE) have what it takes?
07/10 10:31 EST - zacks.com
Cenovus Energy (CVE) Demobilizes Workers Over Wildfire Risks
Cenovus Energy (CVE) states that its operations remain unaffected at the Sunrise facility, although it is demobilizing staff that is not directly involved in operations.
Cenovus Energy (CVE) Demobilizes Workers Over Wildfire Risks
Cenovus Energy (CVE) states that its operations remain unaffected at the Sunrise facility, although it is demobilizing staff that is not directly involved in operations.
06/30 21:00 EST - seekingalpha.com
Top Growth And Dividend Long-Term Stocks For Mid-Year 2024
The Top Dividend Growth stock model aims to deliver optimal total return with reliable growth factors and high dividends for higher profitability long-term. Only one stock of the 15 largest Mega Cap stocks with +61.5% YTD returns offers a dividend yield above 2%, impacting total return and growth factors. Since 2020 inception, the Growth & Dividend portfolio model has delivered +15.28% average returns and compounded returns of +103.66%, well above the S&P 500.
Top Growth And Dividend Long-Term Stocks For Mid-Year 2024
The Top Dividend Growth stock model aims to deliver optimal total return with reliable growth factors and high dividends for higher profitability long-term. Only one stock of the 15 largest Mega Cap stocks with +61.5% YTD returns offers a dividend yield above 2%, impacting total return and growth factors. Since 2020 inception, the Growth & Dividend portfolio model has delivered +15.28% average returns and compounded returns of +103.66%, well above the S&P 500.