Cenovus Energy
CVE
Market cap $21.5B

11.77 USD

-0.35

2.89%

At close Apr 30, 4:00 PM EDT

After hours

12.00

+0.23

1.95%

1 day

-2.89%

5 days

-3.29%

1 month

-15.38%

3 months

-21.01%

6 months

-29.39%

Year to date

-23.12%

1 year

-42.75%

5 years

223.35%

10 years

-37.46%

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 7,425 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

0.61% more ownership

Funds ownership: 46.42% [Q3] → 47.03% (+0.61%) [Q4]

5% less funds holding

Funds holding: 417 [Q3] → 397 (-20) [Q4]

10% less capital invested

Capital invested by funds: $14.5B [Q3] → $13.1B (-$1.38B) [Q4]

17% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 63

22% less repeat investments, than reductions

Existing positions increased: 126 | Existing positions reduced: 161

28% less call options, than puts

Call options by funds: $165M | Put options by funds: $229M

36% less funds holding in top 10

Funds holding in top 10: 14 [Q3] → 9 (-5) [Q4]

See Fund Rankings

Research analyst outlook

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

Low target

$16

36%

upside

Avg. target

$21

74%

upside

High target

$25

112%

upside

2 analyst ratings

2 positive

100%

0 neutral

0%

0 negative

0%

Goldman Sachs Neil Mehta 39% 1-year accuracy 23 / 59 met price target	36%upside $16	Buy Maintained	30 Apr 2025
RBC Capital Greg Pardy 32% 1-year accuracy 6 / 19 met price target	112%upside $25	Outperform Reiterated	11 Apr 2025

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about CVE published over the past 30 days

Cenovus Energy: An Acquisition And Potential Tariff Exposure

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.

Cenovus Energy: An Acquisition And Potential Tariff Exposure

Cenovus: Despite Lower Expected Oil Prices, Excellent Growth Potential With Reasonable Debt

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%.

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

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

Cenovus Energy's Partnership with Skills/Compétences Canada highlights commitment to Youth Development in Skilled Trades and Technologies

Cenovus Energy: One Of The Best Times To Buy

Cenovus Energy offers a strong investment opportunity with a low-cost production base, robust balance sheet, and improving downstream performance. Major capital projects nearing completion, such as Narrow Lake and West White Rose, position CVE for significant production and earnings growth. Management's commitment to shareholder returns through growing dividends and share buybacks enhances CVE's appeal for long-term value and income investors.

Cenovus Energy: One Of The Best Times To Buy

Cenovus refinery in Toledo, Ohio, plans to shut multiple units for 6 weeks of work, source says

Cenovus will begin planned maintenance work on multiple units at its 160,000-barrel-per-day refinery in Toledo, Ohio in mid April, a source familiar with plant operations said on Thursday.

Cenovus refinery in Toledo, Ohio, plans to shut multiple units for 6 weeks of work, source says

Zacks Investment Research

Cenovus Energy (CVE) Advances But Underperforms Market: Key Facts

Cenovus Energy (CVE) concluded the recent trading session at $14.30, signifying a +1.2% move from its prior day's close.

Cenovus Energy (CVE) Advances But Underperforms Market: Key Facts

Cenovus Energy: Free Cash Flow Is Second Half Loaded

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.

Cenovus Energy: Free Cash Flow Is Second Half Loaded

Zacks Investment Research

Cenovus Energy (CVE) Suffers a Larger Drop Than the General Market: Key Insights

In the closing of the recent trading day, Cenovus Energy (CVE) stood at $13.07, denoting a -1.13% change from the preceding trading day.

Cenovus Energy (CVE) Suffers a Larger Drop Than the General Market: Key Insights

Down, But Not Out: My Favorite Energy Stocks For Income And Growth

President Trump aims to lower oil prices, but domestic production growth faces challenges. The administration may turn to OPEC+ and political pressure to boost supply. Despite short-term volatility, my long-term oil thesis remains strong. U.S. producers remain competitive, and global demand continues to grow, supporting energy investments. I focus on high-quality oil and gas stocks with strong balance sheets, low breakeven prices, and deep reserves. These companies offer stability and long-term upside.

Down, But Not Out: My Favorite Energy Stocks For Income And Growth

2 Energy Stocks to Play Both Sides of Tariff Uncertainty

President Trump's 25% import tariffs on Mexico and Canada and an additional 10% tariff on China are causing investors to seek shelter from the potential fallout. Canada is of particular concern since it is a top supplier of energy to the United States, including crude oil and natural gas.

2 Energy Stocks to Play Both Sides of Tariff Uncertainty

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