Cenovus Energy Inc. (CVE)

CA — Energy Sector
Peers: WDS  TRGP  CQP  EQT  FSLR  IMO  PBA  SU  EXE  HAL 

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Key Metrics & Ratings

  • symbol CVE
  • Rev/Share 30.9959
  • Book/Share 15.8448
  • PB 1.5943
  • Debt/Equity 0.3534
  • CurrentRatio 1.7287
  • ROIC 0.1014

 

  • MktCap 45739442146.5218
  • FreeCF/Share 1.5762
  • PFCF 16.1967
  • PE 14.3977
  • Debt/Assets 0.1872
  • DivYield 0.03
  • ROE 0.1069

 

  • Rating A-
  • Score 4
  • Recommendation Buy
  • P/E Score 2
  • DCF Score 5
  • P/B Score 3
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade CVE Raymond James Outperform Strong Buy -- -- Oct. 9, 2025
Downgrade CVE National Bank Financial Outperform Sector Perform -- -- Feb. 21, 2025

News

Why Cenovus Energy (CVE) is a Top Momentum Stock for the Long-Term
CVE
Published: November 17, 2025 by: Zacks Investment Research
Sentiment: Positive

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

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image for news Why Cenovus Energy (CVE) is a Top Momentum Stock for the Long-Term
Cenovus announces closing of MEG Energy acquisition
CVE
Published: November 13, 2025 by: GlobeNewsWire
Sentiment: Neutral

CALGARY, Alberta, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is pleased to announce that its acquisition of MEG Energy Corp. (TSX: MEG) (MEG) was completed today. This acquisition strengthens Cenovus's portfolio of long-life, low-cost oil sands assets, adding top-tier operations that are directly adjacent to the company's Christina Lake asset.

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image for news Cenovus announces closing of MEG Energy acquisition
Cenovus Energy's Q3 Earnings Beat Estimates, Revenues Decline Y/Y
CVE
Published: November 06, 2025 by: Zacks Investment Research
Sentiment: Positive

CVE posts a Q3 earnings beat on stronger upstream output and lower costs, though revenues fall from last year???s levels.

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image for news Cenovus Energy's Q3 Earnings Beat Estimates, Revenues Decline Y/Y
Should Value Investors Buy Cenovus Energy (CVE) Stock?
CVE
Published: November 06, 2025 by: Zacks Investment Research
Sentiment: Positive

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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image for news Should Value Investors Buy Cenovus Energy (CVE) Stock?
Is Cenovus Energy (CVE) Stock Outpacing Its Oils-Energy Peers This Year?
CVE
Published: November 05, 2025 by: Zacks Investment Research
Sentiment: Positive

Here is how Cenovus Energy (CVE) and Enerflex (EFXT) have performed compared to their sector so far this year.

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image for news Is Cenovus Energy (CVE) Stock Outpacing Its Oils-Energy Peers This Year?
Cenovus Energy Inc. (CVE:CA) Q3 2025 Earnings Call Transcript
CVE
Published: October 31, 2025 by: Seeking Alpha
Sentiment: Neutral

Cenovus Energy Inc. ( CVE:CA ) Q3 2025 Earnings Call October 31, 2025 11:00 AM EDT Company Participants Patrick Read Jonathan McKenzie - President, CEO & Non-Independent Director Kam Sandhar - Executive VP & CFO Eric Zimpfer - Head of Downstream Andrew Dahlin Conference Call Participants Menno Hulshof - TD Cowen, Research Division Patrick O'Rourke - ATB Capital Markets Inc., Research Division Alexa Petrick - Goldman Sachs Group, Inc., Research Division Manav Gupta - UBS Investment Bank, Research Division Presentation Operator Good morning, everyone. Thank you for standing by, and welcome to the Cenovus Energy's Third Quarter 2025 Results Conference …

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image for news Cenovus Energy Inc. (CVE:CA) Q3 2025 Earnings Call Transcript
Cenovus Energy boosts takeover bid for MEG Energy, wins Strathcona Resources support
CVE, STHRF
Published: October 27, 2025 by: Proactive Investors
Sentiment: Positive

Cenovus Energy Inc (TSX:CVE) announced on Monday that it has increased its takeover offer for MEG Energy Corp (TSX: MEG) once again, now winning the support of Strathcona Resources Ltd, which had previously opposed the agreement. Under the new proposal, Cenovus will pay $30 in cash, or 1.255 Cenovus shares, for each MEG share with limits of $3.8 billion in cash and 159.6 million shares available under the offer.

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image for news Cenovus Energy boosts takeover bid for MEG Energy, wins Strathcona Resources support
Cenovus Energy (CVE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
CVE
Published: October 24, 2025 by: Zacks Investment Research
Sentiment: Positive

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.

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image for news Cenovus Energy (CVE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
3 Stocks With Upgraded Broker Ratings for Robust Returns
CMC, CVE, NEM
Published: October 22, 2025 by: Zacks Investment Research
Sentiment: Positive

Broker upgrades fuel optimism for Newmont, Commercial Metals and Cenovus Energy as earnings outlook strengthens.

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image for news 3 Stocks With Upgraded Broker Ratings for Robust Returns
MEG Energy postpones shareholder meeting to vote on merger with Cenovus
CVE, MEGEF
Published: October 21, 2025 by: Reuters
Sentiment: Neutral

MEG Energy Corp said on Tuesday it has postponed a shareholder meeting to vote on its proposed takeover by Cenovus Energy to October 30, after the latter exercised its right to delay it, allowing more time for investor support.

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image for news MEG Energy postpones shareholder meeting to vote on merger with Cenovus
Special meeting of MEG shareholders to vote on Cenovus transaction postponed to Thursday, October 30, 2025
CVE
Published: October 21, 2025 by: GlobeNewsWire
Sentiment: Neutral

CALGARY, Alberta, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that the special meeting of holders of common shares of MEG Energy Corp. (“MEG”) related to Cenovus's proposed acquisition of MEG has been postponed, pursuant to Cenovus exercising its contractual postponement right, from October 22, 2025, to October 30, 2025. The deadline for submitting proxies has been extended to October 29, 2025, at 9:00 a.m. (Calgary Time).

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image for news Special meeting of MEG shareholders to vote on Cenovus transaction postponed to Thursday, October 30, 2025
Best Momentum Stocks to Buy for Oct. 20
CVE, KGC, PPTA
Published: October 20, 2025 by: Zacks Investment Research
Sentiment: Positive

PPTA, CVE and KGC made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on Oct. 20, 2025.

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image for news Best Momentum Stocks to Buy for Oct. 20
Are Investors Undervaluing Cenovus Energy (CVE) Right Now?
CVE
Published: October 20, 2025 by: Zacks Investment Research
Sentiment: Positive

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Read More
image for news Are Investors Undervaluing Cenovus Energy (CVE) Right Now?
These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
CVE, OXY
Published: September 30, 2025 by: Zacks Investment Research
Sentiment: Positive

Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.

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image for news These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
Cenovus Energy inks US$1.4B deal to sell WRB Refining stake to Phillips 66
CVE, PSX
Published: September 09, 2025 by: Proactive Investors
Sentiment: Positive

Cenovus Energy Inc (TSX:CVE) announced on Tuesday an agreement to sell its 50% interest in WRB Refining LP (WRB) to its joint venture partner Phillips 66. Cenovus will receive US$1.4 billion in cash, or about C$1.9 billion.

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image for news Cenovus Energy inks US$1.4B deal to sell WRB Refining stake to Phillips 66
Cenovus to acquire MEG Energy in $7.9B deal
CVE, MEGEF
Published: August 22, 2025 by: Proactive Investors
Sentiment: Positive

Cenovus Energy Inc (TSX:CVE) has announced a definitive agreement to acquire MEG Energy (TSE:MEG) in a cash-and-stock transaction valued at approximately $7.9 billion, including assumed debt. Cenovus said the acquisition strengthens its position as a leading steam-assisted gravity drainage (SAGD) oil sands producer.

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image for news Cenovus to acquire MEG Energy in $7.9B deal
Cenovus Energy to acquire MEG Energy in C$7.9 billion deal
CVE
Published: August 22, 2025 by: Reuters
Sentiment: Positive

Canadian oil producer MEG Energy said on Friday it has agreed to be acquired by larger peer Cenovus Energy in a C$7.9 billion cash-and-stock deal, including debt.

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image for news Cenovus Energy to acquire MEG Energy in C$7.9 billion deal
Cenovus announces agreement to acquire MEG Energy
CVE
Published: August 22, 2025 by: GlobeNewsWire
Sentiment: Neutral

CALGARY, Alberta, Aug. 22, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that it has entered into a definitive arrangement agreement to acquire MEG Energy Corp. (TSX: MEG) (“MEG”) in a cash and stock transaction valued at $7.9 billion, inclusive of assumed debt.

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image for news Cenovus announces agreement to acquire MEG Energy
Cenovus & Indigenous Partners Consider Joint Bid for MEG Energy
CVE
Published: August 13, 2025 by: Zacks Investment Research
Sentiment: Negative

CVE and Indigenous partners are in talks for a joint bid on MEG Energy, challenging Strathcona's hostile takeover attempt.

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image for news Cenovus & Indigenous Partners Consider Joint Bid for MEG Energy
Cenovus Energy Q2 Earnings Beat Estimates, Revenues Miss
CVE
Published: August 04, 2025 by: Zacks Investment Research
Sentiment: Neutral

CVE tops Q2 EPS estimates with cost cuts but posts revenue decline and weaker segment contributions.

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image for news Cenovus Energy Q2 Earnings Beat Estimates, Revenues Miss
Cenovus (CVE) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
CVE
Published: July 29, 2025 by: Zacks Investment Research
Sentiment: Positive

Besides Wall Street's top-and-bottom-line estimates for Cenovus (CVE), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2025.

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image for news Cenovus (CVE) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
Is the Options Market Predicting a Spike in Cenovus Energy Stock?
CVE
Published: July 25, 2025 by: Zacks Investment Research
Sentiment: Neutral

Investors need to pay close attention to Cenovus Energy stock based on the movements in the options market lately.

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image for news Is the Options Market Predicting a Spike in Cenovus Energy Stock?
Analysts Estimate Cenovus Energy (CVE) to Report a Decline in Earnings: What to Look Out for
CVE
Published: July 24, 2025 by: Zacks Investment Research
Sentiment: Negative

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.

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image for news Analysts Estimate Cenovus Energy (CVE) to Report a Decline in Earnings: What to Look Out for
Cenovus Energy: A Little More Deleveraging
CVE
Published: July 03, 2025 by: Seeking Alpha
Sentiment: Negative

Cenovus Energy continues redeeming preferred shares. Temporary production shutdown from Alberta fires will slightly lower output. Net debt rose in Q1 due to a working capital increase.

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image for news Cenovus Energy: A Little More Deleveraging
20 oil stocks passing a quality screen as Investors wonder what Iran will do next
AR, BKR, CHRD, COP, CTRA, CVE, DVN, FANG, IMO, IPXHF, IPXHY, MGY, MTDR, OVV, PCCYF, PR, RRC, SHEL, SM, TS, VNOM
Published: June 23, 2025 by: Market Watch
Sentiment: Positive

Nobody knows how badly the international oil market might be disrupted by Iran. But if you want to take advantage of the uncertainty, a screen encompassing debt levels and cash flow can limit your risk.

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image for news 20 oil stocks passing a quality screen as Investors wonder what Iran will do next
CVE Makes Complete Output Restoration at Christina Lake Site
CVE
Published: June 13, 2025 by: Zacks Investment Research
Sentiment: Neutral

Cenovus Energy fully restores production at its key Christina Lake site after wildfire-related shutdowns in Alberta.

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image for news CVE Makes Complete Output Restoration at Christina Lake Site
Cenovus CEO Defends Canada-US Energy Ties Amid Tariff Threats
CVE
Published: June 11, 2025 by: Zacks Investment Research
Sentiment: Negative

CVE CEO defends Canada's vital oil role in U.S. energy supply, urging policy reform over tariff retaliation amid rising tensions.

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image for news Cenovus CEO Defends Canada-US Energy Ties Amid Tariff Threats
US still dependent on Canadian oil, despite Trump's claims, Cenovus CEO says
CVE
Published: June 10, 2025 by: Reuters
Sentiment: Neutral

The U.S. is still reliant on Canadian oil imports, despite claims made by U.S. President Donald Trump, Cenovus Energy's CEO said on Tuesday at a conference in Calgary, Alberta.

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image for news US still dependent on Canadian oil, despite Trump's claims, Cenovus CEO says
2 Dirt Cheap Dividend Stocks That Are Practically Giving Themselves Away
CVE, MRK
Published: June 02, 2025 by: Seeking Alpha
Sentiment: Positive

Even pros can't beat the market. Forecasts fail, fees pile up, and short-term thinking hurts returns. So I stick to quality dividend stocks. I found two high-conviction dividend stocks that the market is underpricing. Both offer strong income and long-term upside if my thesis plays out. They aren't perfect, but that's where the opportunity lies. I believe the market's pessimism is overdone, and the reward outweighs the risk.

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image for news 2 Dirt Cheap Dividend Stocks That Are Practically Giving Themselves Away
Cenovus Energy announces redemption of Series 7 Preferred Shares
CVE
Published: June 02, 2025 by: GlobeNewsWire
Sentiment: Neutral

CALGARY, Alberta, June 02, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (“Cenovus” or the “Company”) (TSX: CVE) (NYSE: CVE) announced today it will exercise its right to redeem the Company's 3.935% Series 7 Preferred Shares (the “Series 7 Preferred Shares”) on June 30, 2025 (the “Redemption”). All 6 million Series 7 Preferred Shares outstanding will be redeemed at the price of $25.00 per share, for an aggregate amount payable to holders of $150 million, less required withholdings, if any, funded primarily from cash on hand.

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image for news Cenovus Energy announces redemption of Series 7 Preferred Shares

About Cenovus Energy Inc. (CVE)

  • IPO Date 2009-11-17
  • Website https://www.cenovus.com
  • Industry Oil & Gas Integrated
  • CEO Jonathan M. McKenzie CA
  • Employees 7150

Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region. The company operates through Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segments Foster Creek, Christina Lake, Sunrise, and Tucker oil sands projects, as well as Lloydminster thermal and conventional heavy oil assets The Conventional segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake operating in Alberta and British Columbia, as well as interests in various natural gas processing facilities. The offshore segment engages in the exploration and development activities. The Canadian Manufacturing segment includes the owned and operated Lloydminster upgrading and asphalt refining complex, which upgrades heavy oil and bitumen into synthetic crude oil, diesel fuel, asphalt, and other ancillary products, as well as owns and operates the Bruderheim crude-by-rail terminal and two ethanol plants. The U.S. Manufacturing segment comprises the refining of crude oil to produce diesel, gasoline, jet fuel, asphalt, and other products. The Retail segment consists of marketing of its own and third-party refined petroleum products through retail, commercial, and bulk petroleum outlets, as well as wholesale channels. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.