Cenovus Energy (NYSE:CVE) Upgraded to “Moderate Buy” at Desjardins

Posted by Francis Steltz on Jul 18th, 2026

Desjardins upgraded shares of Cenovus Energy (NYSE:CVE – Free Report) (TSE:CVE) to a moderate buy rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other equities research analysts also recently weighed in on CVE. UBS Group reaffirmed a “buy” rating on shares of Cenovus Energy in a research note on Thursday, April 9th. Zacks Research cut shares of Cenovus Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Weiss Ratings upgraded shares of Cenovus Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 7th. Raymond James Financial lowered Cenovus Energy from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, May 6th. Finally, Scotiabank upgraded Cenovus Energy to a “strong-buy” rating in a research note on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $35.25.

View Our Latest Research Report on CVE

Cenovus Energy Stock Performance

NYSE CVE opened at $27.97 on Thursday. The company has a market cap of $52.03 billion, a P/E ratio of 15.37 and a beta of 0.34. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.57 and a quick ratio of 1.00. The stock has a 50-day moving average of $27.56 and a two-hundred day moving average of $24.35. Cenovus Energy has a 1-year low of $13.98 and a 1-year high of $32.07.

Cenovus Energy (NYSE:CVE – Get Free Report) (TSE:CVE) last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. The company had revenue of $10.79 billion for the quarter, compared to analyst estimates of $9.47 billion. Cenovus Energy had a net margin of 9.53% and a return on equity of 15.29%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. As a group, analysts anticipate that Cenovus Energy will post 2.91 EPS for the current year.

Cenovus Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, June 15th. This is a positive change from Cenovus Energy’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 3.1%. Cenovus Energy’s dividend payout ratio (DPR) is presently 35.16%.

Institutional Trading of Cenovus Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVE. Financial Management Professionals Inc. purchased a new stake in shares of Cenovus Energy during the 4th quarter worth approximately $25,000. Transamerica Financial Advisors LLC grew its position in shares of Cenovus Energy by 1,302.7% in the 4th 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. NBC Securities Inc. grew its position in shares of 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 valued at $28,000 after buying an additional 1,500 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Cenovus Energy during the 4th quarter worth $38,000. Finally, Advisory Services Network LLC acquired a new stake in Cenovus Energy during the 3rd quarter worth $50,000. Institutional investors and hedge funds own 51.19% of the company’s stock.

Cenovus Energy Company Profile

(Get Free Report)

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.