Cenovus Energy

CVE

Market cap $34.3B

In the latest trading session, Cenovus Energy (CVE) closed at $16.64, marking a +1.4% move from the previous day.

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.

A full-scale resumption of Venezuelan oil exports would benefit refiners in the United States and lower their fuel production costs, with the refineries capable of absorbing most of the roughly 1 million barrels per day of crude that would trade freely if U.S. sanctions on the South American country are removed.

Cenovus Energy (CVE) released its fiscal 2026 budget in Canadian dollars. Shareholders are positioned to benefit from the accretive MEG acquisition and planned production growth. The 2026 budget continues integration of MEG with broader operational initiatives to drive value.

CVE, FTI and VLO are three energy stocks with buy ranks and strong growth characteristics for investors to consider for 2026.

CVE, CION, SBH, PCG and FAF stand out with attractive EV-to-EBITDA ratios and strong earnings outlooks.

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.

The S&P 500 has delivered an 80% return over the past three years, significantly outperforming energy stocks. Despite a 7% year-to-date gain, energy remains an underperformer compared to the broader market's 18% rise. Energy sector volatility, driven by weak demand and OPEC supply actions, has challenged investors throughout the year.

CVE sets its $5-$5.3B capital plan for 2026, targeting 4% upstream growth and steady output across its upstream and refining segments.

CALGARY, Alberta, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2026 capital budget and corporate guidance.