Cenovus Energy Inc (NYSE:CVE – Get Free Report) (TSE:CVE) has earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $36.25.
Several analysts recently weighed in on the stock. Raymond James Financial downgraded shares of Cenovus Energy from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada raised their price target on shares of Cenovus Energy from $47.00 to $51.00 and gave the company an “outperform” rating in a research note on Thursday. Scotiabank reaffirmed an “outperform” rating on shares of Cenovus Energy in a report on Thursday. Wall Street Zen downgraded Cenovus Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Zacks Research lowered Cenovus Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th.
Read Our Latest Analysis on Cenovus Energy
Institutional Investors Weigh In On Cenovus Energy
Key Cenovus Energy News
Here are the key news stories impacting Cenovus Energy this week:
- Positive Sentiment: Strong Q2 cash generation and production growth: Cenovus reported approximately C$5.0 billion in adjusted funds flow and C$3.8 billion in free funds flow. Upstream production reached 970.4 thousand barrels of oil equivalent per day, while higher oil prices and Oil Sands volumes drove substantial year-over-year earnings and revenue growth. Cenovus announces second-quarter 2026 results
- Positive Sentiment: 2026 production outlook raised: Management highlighted record Oil Sands production, advancing major projects, and continued cost discipline. Cenovus is moving toward becoming a 1-million-barrel-per-day producer, supporting expectations for greater operating leverage and cash flow. CVE Q2 Earnings Call Highlights Production Growth
- Positive Sentiment: Analyst confidence improved: Royal Bank of Canada raised its price target from $47 to $51 and maintained an “outperform” rating, reinforcing the view that CVE remains undervalued relative to its earnings and cash-flow potential. Analyst price target update
- Positive Sentiment: Pipeline and policy tailwinds: Cenovus’s CEO said new West Coast pipeline capacity and an agreement involving Ottawa, Alberta, and major oil producers could improve market access and support future Canadian oil growth. Cenovus CEO Sees New West Coast Pipelines Fueling Oil Growth
- Positive Sentiment: Shareholder return maintained: Cenovus declared a quarterly dividend of $0.22 per share, representing an annualized yield of approximately 3.0%, supported by its strong funds flow.
- Neutral Sentiment: Adjusted earnings of $1.11 per share matched consensus, while revenue of $14.59 billion substantially exceeded the $11.87 billion estimate. However, some coverage noted minor metric-level misses, meaning the market’s response remains dependent on commodity prices and sustained execution. CVE Q2 Earnings Increase Year Over Year
- Negative Sentiment: Lower refinery throughput and the possibility that elevated oil prices may not persist remain risks. Valuation optimism is partly tied to unusually favorable commodity conditions, including geopolitical support for crude prices and strong refining margins.
Cenovus Energy Price Performance
CVE opened at $30.34 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.57 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $27.28 and its 200 day moving average price is $25.18. The firm has a market cap of $56.45 billion, a price-to-earnings ratio of 11.67 and a beta of 0.34. Cenovus Energy has a fifty-two week low of $14.48 and a fifty-two week high of $32.07.
Cenovus Energy (NYSE:CVE – Get Free Report) (TSE:CVE) last released its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $1.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.11. The business had revenue of $14.59 billion during the quarter, compared to analyst estimates of $11.87 billion. Cenovus Energy had a return on equity of 21.65% and a net margin of 12.37%.The business’s revenue for the quarter was up 47.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 EPS. As a group, sell-side analysts expect that Cenovus Energy will post 3.02 earnings per share for the current year.
Cenovus Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, September 15th. Cenovus Energy’s payout ratio is 35.16%.
About Cenovus Energy
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.
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