Cenovus Energy (NYSE:CVE) Rating Lowered to Strong Sell at Veritas

Cenovus Energy (NYSE:CVE) (TSE:CVE) was downgraded by Veritas from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets reissued an “outperform” rating on shares of Cenovus Energy in a research report on Friday. TD Securities reiterated a “buy” rating on shares of Cenovus Energy in a report on Friday. Morgan Stanley restated an “overweight” rating on shares of Cenovus Energy in a research note on Thursday, November 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cenovus Energy in a research note on Tuesday, January 27th. Finally, Scotiabank raised Cenovus Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.33.

Cenovus Energy Stock Performance

Cenovus Energy stock opened at $22.35 on Monday. Cenovus Energy has a fifty-two week low of $10.23 and a fifty-two week high of $23.39. The stock’s 50 day simple moving average is $18.86 and its two-hundred day simple moving average is $17.70. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.57. The stock has a market cap of $42.02 billion, a price-to-earnings ratio of 14.61 and a beta of 0.48.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last released its earnings results on Thursday, February 19th. The oil and gas company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. The company had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $10.89 billion. Cenovus Energy had a return on equity of 13.25% and a net margin of 7.92%.During the same quarter last year, the business posted $0.07 EPS. As a group, analysts expect that Cenovus Energy will post 1.49 earnings per share for the current fiscal year.

Institutional Trading of Cenovus Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Financial Management Professionals Inc. purchased a new position in shares of Cenovus Energy in the fourth quarter worth $25,000. Transamerica Financial Advisors LLC boosted its position in shares of Cenovus Energy by 1,302.7% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,543 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 1,433 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Cenovus Energy in the 2nd quarter worth about $27,000. NBC Securities Inc. raised its position in Cenovus Energy by 961.5% in the 4th quarter. NBC Securities Inc. now owns 1,656 shares of the oil and gas company’s stock worth $28,000 after buying an additional 1,500 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in Cenovus Energy by 104.3% during the 2nd quarter. Allworth Financial LP now owns 2,288 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 1,168 shares during the period. Institutional investors own 51.19% of the company’s stock.

Key Cenovus Energy News

Here are the key news stories impacting Cenovus Energy this week:

• Positive Sentiment: Q4 earnings beat and higher upstream production — Cenovus reported Q4 EPS above estimates driven by stronger oil sands output; that operational beat and confirmed dividends are a direct near-term positive for valuation and investor sentiment. Cenovus Energy Q4 Earnings Top Estimates
• Positive Sentiment: ATB Cormark raised target and issued a Buy — ATB Cormark upgraded its view on Cenovus and raised its target (reported twice in press releases), which supports further upside as investors track analyst price-target momentum. ATB Cormark Raised its Target Price by 15%
• Positive Sentiment: RBC Capital raised its price target and reiterated Outperform — another institutional upgrade that reinforces the buy-side narrative around Cenovus’s asset mix and dividend profile. RBC Capital Increases Cenovus Target
• Positive Sentiment: Scotiabank upgrade — a separate bank upgrade adds to the analyst momentum supporting the stock. Cenovus Upgraded at Scotiabank
• Neutral Sentiment: Sector consolidation: $38B wave in Canada’s oil patch — a large 2025 consolidation among oil-sands players could reshape asset ownership and competitive dynamics; impact on Cenovus depends on whether it gains, sells or is diluted by larger peers. Canada’s Oil Patch Consolidation Wave
• Neutral Sentiment: Suncor’s strong performance highlighted — Suncor’s record production and cost improvements spotlight competitive strength in the peer group; this can draw rotation within the sector even as it validates resilience across majors. Suncor’s Record Run
• Negative Sentiment: Wall Street Zen lowered its rating — an isolated downgrade introduces some sell-side friction and may prompt short-term profit-taking by investors watching analyst crowding. Cenovus Stock Rating Lowered

Cenovus Energy Company Profile

Cenovus Energy Inc is a Canadian integrated energy company engaged in the exploration, development and production of crude oil, natural gas liquids and natural gas, together with downstream refining and marketing activities. Headquartered in Calgary, Alberta, Cenovus operates a mix of oil sands thermal and dilbit assets, conventional oil and gas properties, and owns refining and midstream assets designed to move and process hydrocarbons into finished petroleum products for commercial markets.

The company was originally formed as a spin‑off from Encana Corporation in 2009 and has grown through organic development and strategic acquisitions.