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Start Your Free Trial NowKey Metrics & Ratings
- symbol CVE
- Rev/Share 30.7293
- Book/Share 16.1514
- PB 1.4555
- Debt/Equity 0.3566
- CurrentRatio 1.324
- ROIC 0.0621
- MktCap 42290887656.3701
- FreeCF/Share 1.6334
- PFCF 14.2154
- PE 15.9922
- Debt/Assets 0.1879
- DivYield 0.0319
- ROE 0.0901
- Rating A-
- Score 4
- Recommendation Buy
- P/E Score 3
- DCF Score 5
- P/B Score 3
- D/E Score 1
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
Cenovus Energy boosts takeover bid for MEG Energy, wins Strathcona Resources support
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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Cenovus Energy (CVE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
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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3 Stocks With Upgraded Broker Ratings for Robust Returns
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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MEG Energy postpones shareholder meeting to vote on merger with Cenovus
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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Special meeting of MEG shareholders to vote on Cenovus transaction postponed to Thursday, October 30, 2025
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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Best Momentum Stocks to Buy for Oct. 20
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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Are Investors Undervaluing Cenovus Energy (CVE) Right Now?
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.
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These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
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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Cenovus Energy inks US$1.4B deal to sell WRB Refining stake to Phillips 66
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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Cenovus to acquire MEG Energy in $7.9B deal
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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Cenovus Energy to acquire MEG Energy in C$7.9 billion deal
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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Cenovus announces agreement to acquire MEG Energy
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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Cenovus & Indigenous Partners Consider Joint Bid for MEG Energy
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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Cenovus Energy Q2 Earnings Beat Estimates, Revenues Miss
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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Cenovus (CVE) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
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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Is the Options Market Predicting a Spike in Cenovus Energy Stock?
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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Analysts Estimate Cenovus Energy (CVE) to Report a Decline in Earnings: What to Look Out for
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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Cenovus Energy: A Little More Deleveraging
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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20 oil stocks passing a quality screen as Investors wonder what Iran will do next
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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CVE Makes Complete Output Restoration at Christina Lake Site
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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Cenovus CEO Defends Canada-US Energy Ties Amid Tariff Threats
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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US still dependent on Canadian oil, despite Trump's claims, Cenovus CEO says
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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2 Dirt Cheap Dividend Stocks That Are Practically Giving Themselves Away
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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Cenovus Energy announces redemption of Series 7 Preferred Shares
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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Cenovus Energy: Another Dividend Increase
Published: June 01, 2025 by: Seeking Alpha
Sentiment: Positive
Cenovus Energy's rapidly growing dividend is well-supported by integrated operations and low-cost thermal assets. Preferred share retirement, growing dividends, and share buybacks highlight strong shareholder returns. There is financial flexibility to sustain dividends and capital spending.
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Cenovus Energy provides operations update on impact of Alberta wildfires
Published: June 01, 2025 by: GlobeNewsWire
Sentiment: Neutral
CALGARY, Alberta, June 01, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is providing an update on its Oil Sands operations following ongoing wildfire activity in northern Alberta. Cenovus is focused on the safety of its people and the integrity of its assets, and all staff are safe. Based on the inspections the company has completed to date, it is not aware of any damage to its infrastructure and would anticipate a full restart of Christina Lake operations in the near term.
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Cenovus (CVE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Published: May 26, 2025 by: Zacks Investment Research
Sentiment: Neutral
While the top- and bottom-line numbers for Cenovus (CVE) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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Cenovus Energy Q1 Earnings Beat on Higher Upstream Production
Published: May 12, 2025 by: Zacks Investment Research
Sentiment: Positive
CVE Q1 earnings gain on higher contributions from the Oil Sands, Conventional, and Offshore units. However, revenues witness a year-over-year decline.
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Cenovus reports voting results of annual meeting of shareholders
Published: May 08, 2025 by: GlobeNewsWire
Sentiment: Neutral
CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) held its annual meeting of shareholders on May 8, 2025. Each matter voted on is described in greater detail in the Corporation's 2025 Management Information Circular dated March 12, 2025.
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Cenovus Energy Inc. (CVE) Q1 2025 Earnings Call Transcript
Published: May 08, 2025 by: Seeking Alpha
Sentiment: Neutral
Cenovus Energy Inc. (NYSE:CVE ) Q1 2025 Earnings Conference Call May 8, 2025 11:00 AM ET Company Participants Patrick Read – Vice President, Investor Relations and Internal Audit Jon McKenzie – Chief Executive Officer Kam Sandhar – Chief Financial Officer Geoff Murray – Executive Vice-President, Commercial Conference Call Participants Greg Pardy – RBC Capital Markets Dennis Fong – CIBC Menno Hulshof – TD Securities Neil Mehta – Goldman Sachs John Royall – JPMorgan Patrick O'Rourke – ATB Capital Markets Manav Gupta – UBS Chris Varcoe – Calgary Herald Alex Bill – allNewfoundlandLabrador Operator Good morning, ladies and gentlemen. Thank you …
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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