Cenovus Energy (NYSE:CVE) Upgraded at Wall Street Zen

Posted by Brian Himes on Aug 11th, 2026

Wall Street Zen upgraded shares of Cenovus Energy (NYSE:CVE – Free Report) (TSE:CVE) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday.

Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Cenovus Energy in a report on Wednesday, May 13th. Desjardins raised Cenovus Energy to a “moderate buy” rating in a research note on Thursday, July 16th. Lake Street Capital set a $36.00 price objective on shares of Cenovus Energy in a research report on Wednesday, May 13th. Zacks Research lowered shares of Cenovus Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Cenovus Energy in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cenovus Energy has a consensus rating of “Moderate Buy” and a consensus target price of $36.25.

Check Out Our Latest Report on Cenovus Energy

Cenovus Energy Price Performance

CVE opened at $29.55 on Friday. The stock’s 50 day simple moving average is $27.31 and its 200 day simple moving average is $25.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.63 and a quick ratio of 1.04. Cenovus Energy has a 1 year low of $14.49 and a 1 year high of $32.07. The firm has a market cap of $54.65 billion, a price-to-earnings ratio of 11.37 and a beta of 0.34.

Cenovus Energy (NYSE:CVE – Get Free Report) (TSE:CVE) last announced its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $1.11 earnings per share for the quarter, meeting the consensus estimate of $1.11. The firm had revenue of $14.59 billion during the quarter, compared to the consensus estimate of $11.87 billion. Cenovus Energy had a return on equity of 21.08% and a net margin of 12.37%.The business’s revenue was up 47.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share. As a group, analysts predict that Cenovus Energy will post 3.2 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. Investors of record on Tuesday, September 15th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 15th. Cenovus Energy’s dividend payout ratio (DPR) is presently 24.62%.

Institutional Investors Weigh In On Cenovus Energy

A number of institutional investors have recently modified their holdings of CVE. J.W. Cole Advisors Inc. boosted its stake in shares of Cenovus Energy by 3.9% during the 4th quarter. J.W. Cole Advisors Inc. now owns 13,407 shares of the oil and gas company’s stock worth $227,000 after acquiring an additional 500 shares during the last quarter. Gateway Investment Advisers LLC increased its stake in shares of Cenovus Energy by 0.6% in the 4th quarter. Gateway Investment Advisers LLC now owns 93,986 shares of the oil and gas company’s stock worth $1,590,000 after purchasing an additional 523 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Cenovus Energy by 0.9% in the 4th quarter. International Assets Investment Management LLC now owns 65,248 shares of the oil and gas company’s stock worth $1,104,000 after purchasing an additional 565 shares during the period. OLD National Bancorp IN lifted its position in Cenovus Energy by 5.2% during the first quarter. OLD National Bancorp IN now owns 12,597 shares of the oil and gas company’s stock valued at $334,000 after purchasing an additional 618 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Cenovus Energy by 24.4% during the fourth quarter. Farther Finance Advisors LLC now owns 3,307 shares of the oil and gas company’s stock valued at $56,000 after purchasing an additional 649 shares in the last quarter. 51.19% of the stock is owned by hedge funds and other institutional investors.

About Cenovus Energy

(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.