Cenovus Energy
CVE
Market cap $24.9B

14.83 USD

+0.41

2.84%

At close Jun 13, 4:00 PM EDT

After hours

14.90

+0.07

0.47%

1 day

2.84%

5 days

8.80%

1 month

6.46%

3 months

13.47%

6 months

-2.75%

Year to date

-3.14%

1 year

-19.53%

5 years

220.30%

10 years

-8.23%

About: Cenovus Energy Inc is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.

Employees: 7,150

Energy Oil & Gas Integrated

0

Funds holding %

of 7,296 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

11% more funds holding in top 10

Funds holding in top 10: 9 [Q4 2024] → 10 (+1) [Q1 2025]

1.94% more ownership

Funds ownership: 47.03% [Q4 2024] → 48.96% (+1.94%) [Q1 2025]

4% more repeat investments, than reductions

Existing positions increased: 140 | Existing positions reduced: 135

5% less capital invested

Capital invested by funds: $13.1B [Q4 2024] → $12.5B (-$610M) [Q1 2025]

9% less first-time investments, than exits

New positions opened: 40 | Existing positions closed: 44

3% less funds holding

Funds holding: 397 [Q4 2024] → 386 (-11) [Q1 2025]

43% less call options, than puts

Call options by funds: $145M | Put options by funds: $255M

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$16

8%

upside

Avg. target

$21

38%

upside

High target

$25

69%

upside

2 analyst ratings

2 positive

100%

0 neutral

0%

0 negative

0%

Goldman Sachs Neil Mehta	8%upside $16	Buy Maintained	30 Apr 2025
RBC Capital Greg Pardy	69%upside $25	Outperform Reiterated	11 Apr 2025

See Analyst Rankings

Financial journalist opinion

Based on 14 articles about CVE published over the past 30 days

Zacks Investment Research

Cenovus Energy (CVE) Ascends While Market Falls: Some Facts to Note

Cenovus Energy (CVE) closed at $14.83 in the latest trading session, marking a +2.84% move from the prior day.

Cenovus Energy (CVE) Ascends While Market Falls: Some Facts to Note

Zacks Investment Research

CVE Makes Complete Output Restoration at Christina Lake Site

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

CVE Makes Complete Output Restoration at Christina Lake Site

Canada's Cenovus Energy restarts production at Christina Lake oil sands

Canadian oil producer Cenovus Energy said on Thursday it had restarted production at its Christina Lake oil sands facility in Alberta, following a temporary shutdown due to nearby wildfire activity.

Canada's Cenovus Energy restarts production at Christina Lake oil sands

Cenovus Energy restores full production at Christina Lake

CALGARY, Alberta, June 12, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has now safely ramped up production at its Christina Lake oil sands asset following wildfire activity in the area. Production operations restarted on June 3 and production was ramped up over the course of the week.

Cenovus Energy restores full production at Christina Lake

Zacks Investment Research

Cenovus CEO Defends Canada-US Energy Ties Amid Tariff Threats

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

Cenovus CEO Defends Canada-US Energy Ties Amid Tariff Threats

US still dependent on Canadian oil, despite Trump's claims, Cenovus CEO says

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.

US still dependent on Canadian oil, despite Trump's claims, Cenovus CEO says

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2 Dirt Cheap Dividend Stocks That Are Practically Giving Themselves Away

Cenovus Energy announces redemption of Series 7 Preferred Shares

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.

Cenovus Energy announces redemption of Series 7 Preferred Shares

Cenovus Energy: Another Dividend Increase

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.

Cenovus Energy: Another Dividend Increase

Cenovus Energy provides operations update on impact of Alberta wildfires

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.

Cenovus Energy provides operations update on impact of Alberta wildfires

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