Cenovus Energy Inc. (CVE)

CA — Energy Sector
Peers: IMO  XOM  CVX  BP  SU  E  TTE  EQNR  PBR-A  PBR  YPF  EC  SHEL 

Automate Your Wheel Strategy on CVE

With Tiblio's Option Bot, you can configure your own wheel strategy including CVE - and automate your put writes, covered calls, and full wheel strategy. Just connect one of the supported brokerages: tastytrade, Schwab, TradeStation or Tradier and go.

Start Your Free Trial Now

Key Metrics & Ratings

  • symbol CVE
  • Rev/Share 30.5546
  • Book/Share 16.0596
  • PB 1.3176
  • Debt/Equity 0.3566
  • CurrentRatio 1.324
  • ROIC 0.0621

 

  • MktCap 38360825054.838
  • FreeCF/Share 1.6241
  • PFCF 12.8944
  • PE 14.477
  • Debt/Assets 0.1879
  • DivYield 0.0346
  • ROE 0.0901

 

  • Rating B
  • Score 3
  • Recommendation Neutral
  • P/E Score 1
  • DCF Score 4
  • P/B Score 1
  • D/E Score 3

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade CVE National Bank Financial Outperform Sector Perform -- -- Feb. 21, 2025

News

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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
image for news Cenovus Energy announces redemption of Series 7 Preferred Shares
Cenovus Energy: Another Dividend Increase
CVE
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.

Read More
image for news Cenovus Energy: Another Dividend Increase
Cenovus Energy provides operations update on impact of Alberta wildfires
CVE
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.

Read More
image for news Cenovus Energy provides operations update on impact of Alberta wildfires
Cenovus (CVE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
CVE
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.

Read More
image for news Cenovus (CVE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Cenovus Energy Q1 Earnings Beat on Higher Upstream Production
CVE
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.

Read More
image for news Cenovus Energy Q1 Earnings Beat on Higher Upstream Production
Cenovus reports voting results of annual meeting of shareholders
CVE
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.

Read More
image for news Cenovus reports voting results of annual meeting of shareholders
Cenovus Energy Inc. (CVE) Q1 2025 Earnings Call Transcript
CVE
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 …

Read More
image for news Cenovus Energy Inc. (CVE) Q1 2025 Earnings Call Transcript
Cenovus (CVE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
CVE
Published: May 08, 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.

Read More
image for news Cenovus (CVE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Cenovus Energy (CVE) Tops Q1 Earnings Estimates
CVE
Published: May 08, 2025 by: Zacks Investment Research
Sentiment: Positive

Cenovus Energy (CVE) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.46 per share a year ago.

Read More
image for news Cenovus Energy (CVE) Tops Q1 Earnings Estimates
Cenovus announces first-quarter 2025 results
CVE
Published: May 08, 2025 by: GlobeNewsWire
Sentiment: Neutral

CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its first-quarter 2025 financial and operating results. The company generated more than $1.3 billion in cash from operating activities, $2.2 billion of adjusted funds flow and $983 million of free funds flow. Operating results in the quarter were strong, with Upstream production increasing to 818,900 barrels of oil equivalent per day (BOE/d)1 while Downstream crude throughput was 665,400 barrels per day (bbls/d), representing an overall utilization rate of 92%.

Read More
image for news Cenovus announces first-quarter 2025 results
Watch These 4 Energy Stocks for Q1 Earnings: Beat or Miss?
BRY, CNQ, CVE, LNG
Published: May 07, 2025 by: Zacks Investment Research
Sentiment: Neutral

Here's a preview of what to expect from energy stocks LNG, CNQ, CVE and BRY ahead of their quarterly earnings reports, set to be released tomorrow.

Read More
image for news Watch These 4 Energy Stocks for Q1 Earnings: Beat or Miss?
Insights Into Cenovus (CVE) Q1: Wall Street Projections for Key Metrics
CVE
Published: May 06, 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 March 2025.

Read More
image for news Insights Into Cenovus (CVE) Q1: Wall Street Projections for Key Metrics
Cenovus Energy: An Acquisition And Potential Tariff Exposure
CVE
Published: April 29, 2025 by: Seeking Alpha
Sentiment: Negative

Cenovus Energy acquired Gear Energy's heavy oil assets for C$110 million. The company faces tariff threats due to its significant refining capacity in the U.S. Tariffs could disrupt cost-efficient industry practices, raising costs for American consumers and affecting the balance of payments.

Read More
image for news Cenovus Energy: An Acquisition And Potential Tariff Exposure
Cenovus: Despite Lower Expected Oil Prices, Excellent Growth Potential With Reasonable Debt
BNO, CVE, DBO, GUSH, IEO, OIH, OIL, PXJ, UCO, USO, XOP
Published: April 29, 2025 by: Seeking Alpha
Sentiment: Positive

The company expects to increase its production at a 4.40% CAGR between 2024 and 2028. Cenovus has a reasonable debt level. In 2024, it reported a 47.35% liabilities-to-assets ratio. The first DCF model suggests that the company is undervalued by 81.71%, while the pessimistic DCF valuation indicates that CVE is overvalued by 19.63%.

Read More
image for news Cenovus: Despite Lower Expected Oil Prices, Excellent Growth Potential With Reasonable Debt
Cenovus Energy's Partnership with Skills/Compétences Canada highlights commitment to Youth Development in Skilled Trades and Technologies
CVE
Published: April 22, 2025 by: GlobeNewsWire
Sentiment: Neutral

Cenovus Continues its Multi-Year Support of the Skills Canada National Competition Cenovus Continues its Multi-Year Support of the Skills Canada National Competition

Read More
image for news Cenovus Energy's Partnership with Skills/Compétences Canada highlights commitment to Youth Development in Skilled Trades and Technologies
Cenovus Energy: Free Cash Flow Is Second Half Loaded
CVE
Published: March 24, 2025 by: Seeking Alpha
Sentiment: Negative

The Series 5 preferred will be redeemed. This cuts the amount of preferred outstanding roughly in half when combined with the Series 3 redemption. The net debt level needs to decline to the C$4 billion level again. The capital budget is front end loaded. Therefore, free cash flow will be higher in the second half of the fiscal year.

Read More
image for news Cenovus Energy: Free Cash Flow Is Second Half Loaded

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.