/CVE
CVE Stock - Cenovus Energy Inc.
Energy|Oil & Gas IntegratedNYSE
$16.66+1.34%
+$0.22 (+1.34%) • Dec 19
77
GoAI Score
GoAI Score
Weighted average: Momentum (25%) + Sentiment (35%) + Risk (20%) + Value (20%). ≥70 = BUY, ≤35 = SELL.BUY
Medium Confidence
Momentum
Momentum Score
Based on price vs 50-day MA (40%), 200-day MA (40%), and MA crossover (20%). Higher = stronger uptrend.57
Sentiment
Sentiment Score
Based on analyst price target upside. 50 = neutral, 100 = very bullish (25%+ upside expected).100
Risk Score
Risk Score
Based on stock beta (volatility). Higher score = lower risk. Red (<40) = high volatility, Green (>60) = stable.91
Price Target
Price Target
Average analyst price target from the last quarter. Shows expected upside/downside from current price.+83.1%upside
Target: $30.50
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ENTRY ZONE$16.49 – $16.83
TARGET (TP)$30.50
STOP LOSS$15.33
RISK/REWARD1:10.4
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Price Chart
Financial Statements
Revenue & Profitability Trend
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Revenue
Net Income (Profit)
Net Loss
Key Metrics
Market CapN/A
P/E RatioN/A
Beta0.72
52W High$18.75
52W Low$10.23
Avg VolumeN/A
Income Statement (Fiscal Year)
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $57.73B | $55.47B | $71.77B | $48.81B | $13.91B |
| Gross Profit | $12.77B | $12.70B | $17.13B | $9.11B | $-330,000,000 |
| Gross Margin | 22.1% | 22.9% | 23.9% | 18.7% | -2.4% |
| Operating Income | $5.06B | $5.62B | $10.35B | $3.52B | N/A |
| Net Income | $3.14B | $4.11B | $6.45B | $587.00M | $-2,379,000,000 |
| Net Margin | 5.4% | 7.4% | 9.0% | 1.2% | -17.1% |
| EPS | $1.68 | $2.12 | $3.29 | $0.29 | $-1.94 |
Company Overview
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.
Visit WebsiteRating Distribution
Strong Buy
1
13%
Buy / Outperform
5
63%
Hold / Neutral
2
25%
Sell / Underperform
0%
Analyst Consensus🟢 Bullish
6 Bullish2 Neutral/Bearish
Price Targets
$23
Average Target
↑ 35.1% Upside
Now
$22
Low
$23
Average
$23
High
Based on 2 analysts
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 9th 2025 | Raymond James | Upgrade | Strong Buy | - |
| February 21st 2025 | National Bank Financial | Downgrade | Sector Perform | - |
| February 23rd 2024 | UBS | Upgrade | Buy | - |
| September 6th 2023 | Scotiabank | Upgrade | Sector Outperform | - |
| July 12th 2023 | UBS | Initiation | Neutral | - |
| June 6th 2023 | Goldman | Upgrade | Buy | $22← $20 |
| April 14th 2023 | Scotiabank | Downgrade | Sector Perform | - |
| November 21st 2022 | Goldman | Downgrade | Neutral | $23 |
| October 19th 2022 | Jefferies | Initiation | Buy | - |
| August 11th 2022 | Credit Suisse | Resumed | Outperform | - |
Earnings History & Surprises
CVEBeat Rate
65%
Last 17 quarters
Avg Surprise
+4.1%
EPS vs Estimate
Beats / Misses
11/6
Last 12 quarters
Latest EPS
$0.52
Q4 2025
EPS Surprise History
Q4 23
+14.3%
$0.72vs$0.63
Q1 24
+16.0%
$0.29vs$0.25
Q2 24
+31.4%
$0.46vs$0.35
Q3 24
-25.0%
$0.39vs$0.52
Q4 24
-8.8%
$0.31vs$0.34
Q2 25
+10.3%
$0.32vs$0.29
Q3 25
+135.7%
$0.33vs$0.14
Q4 25
+30.0%
$0.52vs$0.40
Beat Estimate
Missed Estimate
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 19, 2026 | $0.33 | — | — | — |
Q4 2025 | Oct 31, 2025 | $0.40 | $0.52 | +30.0% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $0.14 | $0.33 | +135.7% | ✓ BEAT |
Q2 2025 | May 8, 2025 | $0.29 | $0.32 | +10.3% | ✓ BEAT |
Q1 2025 | Feb 20, 2025 | $0.32 | — | — | — |
Q4 2024 | Oct 31, 2024 | $0.34 | $0.31 | -8.8% | ✗ MISS |
Q3 2024 | Aug 1, 2024 | $0.52 | $0.39 | -25.0% | ✗ MISS |
Q2 2024 | May 1, 2024 | $0.35 | $0.46 | +31.4% | ✓ BEAT |
Q1 2024 | Feb 15, 2024 | $0.25 | $0.29 | +16.0% | ✓ BEAT |
Q4 2023 | Nov 2, 2023 | $0.63 | $0.72 | +14.3% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $0.32 | $0.33 | +3.1% | ✓ BEAT |
Q2 2023 | Apr 26, 2023 | $0.22 | $0.24 | +9.1% | ✓ BEAT |
Q1 2023 | Feb 16, 2023 | $0.48 | $0.29 | -39.6% | ✗ MISS |
Q4 2022 | Nov 2, 2022 | $0.98 | $0.61 | -37.8% | ✗ MISS |
Q3 2022 | Jul 28, 2022 | $1.06 | $1.19 | +12.3% | ✓ BEAT |
Q2 2022 | Apr 27, 2022 | $0.71 | $0.79 | +11.3% | ✓ BEAT |
Q1 2022 | Feb 8, 2022 | $0.41 | $0.43 | +4.9% | ✓ BEAT |
Q4 2021 | Nov 3, 2021 | $0.43 | $0.27 | -37.2% | ✗ MISS |
Q3 2021 | Jul 29, 2021 | $0.28 | $0.11 | -60.7% | ✗ MISS |
Latest News
Cenovus Releases 2026 Guidance With $5B–$5.3B Capital Budget, Upstream Production Target Of 945K–985K BOE/D And Downstream Throughput Of 430K–450K Bbls/D Following MEG Acquisitio
📈 PositiveBenzinga•Dec 11, 2025, 11:05 AM
Shares of natural gas stocks are trading higher as prices rise.
📈 PositiveBenzinga•Dec 3, 2025, 08:49 PM•Also: , ,
Reported Earlier, Cenovus Energy Prices $2.6B Senior Notes Including $650M 4.25% Due March 2033 $550M 4.60% Due November 2035 $500M 4.65% Due March 2031 And $500M 5.40% Due March 2036
➖ NeutralBenzinga•Nov 19, 2025, 07:25 AM
RBC Capital Maintains Outperform on Cenovus Energy, Raises Price Target to $32
📈 PositiveBenzinga•Nov 17, 2025, 01:15 PM
CIBC Maintains Outperformer on Cenovus Energy, Lowers Price Target to C$32
➖ NeutralBenzinga•Nov 14, 2025, 06:28 PM
Court Of King's Bench Of Alberta Grants Final Order In MEG Energy And Cenovus Transaction; Deal Expected To Close November 13
📈 PositiveBenzinga•Nov 12, 2025, 06:49 PM•Also:
RBC Capital Maintains Outperform on Cenovus Energy, Raises Price Target to C$30
📈 PositiveBenzinga•Nov 10, 2025, 04:39 PM
Cenovus Energy Renews Share Buyback Program To Repurchase 120.25M Common Shares Through 2026
📈 PositiveBenzinga•Nov 7, 2025, 11:08 AM
MEG Energy Announces Shareholder Approval Of Cenovus Deal; Transaction Expected To Close In Mid-November
📈 PositiveBenzinga•Nov 6, 2025, 06:48 PM•Also:
Cenovus CEO Says Plans To Start The First New Well Pads From East Development Area At Sunrise In Early 2026; Expects Meg Transaction To Close In November; Co Will Drill Roughly Five Wells Per Year At West White Rose Offshore Project As It Ramps Up Production; Sees Capital Spending Declining In 2026 To Around C$4 Billion, Excluding Meg Assets; Says Cenovus Production Will Rise To 950,000 Barrels/Day Range By 2028
📈 PositiveBenzinga•Oct 31, 2025, 03:39 PM
Cenovus Energy Q3 EPS $0.52 Beats $0.40 Estimate, Sales $9.586B Beat $9.560B Estimate
📈 PositiveBenzinga•Oct 31, 2025, 10:10 AM
Cenovus Energy Q3 EPS $0.72 Beats $0.61 Estimate, Sales $13.200B Beat $11.900B Estimate
📈 PositiveBenzinga•Oct 31, 2025, 10:00 AM
MEG Adjourns Special Meeting To November 6, 2025; Proxy Deadline Extended To November 5, 2025
➖ NeutralBenzinga•Oct 31, 2025, 07:15 AM
Cenovus Amends MEG Energy Deal Allowing Shareholders To Elect $30 Cash Or 1.255 Cenovus Shares, Capping Consideration At $3.8B And 159.6M Shares
➖ NeutralBenzinga•Oct 27, 2025, 10:04 AM•Also:
'MEG Investors File Complaints Over Cenovus Takeover Process'- Bloomberg
📉 NegativeBenzinga•Oct 15, 2025, 05:09 PM
Cenovus Acquires An Additional 3.27M MEG Shares, Now Controls 25M Shares Total
📈 PositiveBenzinga•Oct 15, 2025, 10:08 AM
Cenovus Energy Acquires 8.5% Stake In MEG Energy (21,723,540 Shares) To Support Pending Transaction
📈 PositiveBenzinga•Oct 14, 2025, 10:12 AM
Cenovus Raises MEG Energy Acquisition Offer To $29.80 Per Share, Lifting Total Deal Value To Nearly $9.2B With 50-50 Cash-Stock Mix
📈 PositiveBenzinga•Oct 8, 2025, 10:06 AM•Also:
'Ninepoint Exits MEG Energy Stake Ahead of Cenovus Deal Vote' -Bloomberg
➖ NeutralBenzinga•Oct 2, 2025, 07:34 PM•Also:
Cenovus' 160,000-BPD Refinery In Toledo, Ohio Will Shut Several Units For A Month Of Planned Maintenance From October 6
➖ NeutralBenzinga•Oct 1, 2025, 05:43 PM
Frequently Asked Questions about CVE
What is CVE's current stock price?
Cenovus Energy Inc. (CVE) is currently trading at $16.66 per share. The stock has moved +1.34% today.
What is the analyst price target for CVE?
The average analyst price target for CVE is $30.50, based on 1 analyst.
What sector is Cenovus Energy Inc. in?
Cenovus Energy Inc. operates in the Energy sector, specifically within the Oil & Gas Integrated industry. The company is traded on the NYSE exchange.
What is CVE's market cap?
Cenovus Energy Inc. has a market capitalization of $30.18 billion, making it a large-cap company.
Does CVE pay dividends?
No, Cenovus Energy Inc. does not currently pay a dividend to shareholders.
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