Cenovus Energy (TSE:CVE) Stock Price Breaks Above Fifty Day Moving Average – Here’s Why

Posted by George Bondi on Oct 30th, 2026

Cenovus Energy Inc. (TSE:CVE – Get Free Report) (NYSE:CVE) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of C$45.17 and traded as high as C$45.60. Cenovus Energy shares last traded at C$45.20, with a volume of 5,366,354 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. ATB Cormark Capital Markets lifted their target price on shares of Cenovus Energy from C$49.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. UBS Group cut shares of Cenovus Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. TD lifted their price objective on Cenovus Energy from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research report on Tuesday, October 13th. JPMorgan Chase & Co. upgraded Cenovus Energy from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from C$51.00 to C$58.00 in a research report on Tuesday, September 8th. Finally, Canadian Imperial Bank of Commerce upped their target price on Cenovus Energy from C$48.00 to C$52.00 in a research note on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$46.75.

Get Our Latest Stock Report on Cenovus Energy

Cenovus Energy Stock Up 1.7%

The stock has a market cap of C$84.43 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 0.09 and a beta of 0.28. The company has a current ratio of 1.63, a quick ratio of 1.00 and a debt-to-equity ratio of 34.01. The firm’s 50 day moving average is C$45.19 and its two-hundred day moving average is C$38.07.

Cenovus Energy (TSE:CVE – Get Free Report) (NYSE:CVE) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$1.53 earnings per share (EPS) for the quarter. Cenovus Energy had a net margin of 12.37% and a return on equity of 21.02%. The company had revenue of C$17.43 billion for the quarter. On average, sell-side analysts predict that Cenovus Energy Inc. will post 2.26 EPS for the current year.

Cenovus Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.9%. The ex-dividend date was Tuesday, September 15th. Cenovus Energy’s dividend payout ratio is presently 22.78%.

Insider Buying and Selling

In related news, Director Alex Pourbaix sold 432,731 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of C$42.05, for a total value of C$18,196,338.55. Following the sale, the director directly owned 1,455,996 shares of the company’s stock, valued at approximately C$61,224,631.80. This trade represents a 22.91% decrease in their ownership of the stock. Also, insider John F. Soini sold 26,223 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of C$44.92, for a total transaction of C$1,177,937.16. Following the transaction, the insider directly owned 2,114 shares of the company’s stock, valued at C$94,960.88. This trade represents a 92.54% decrease in their position. Over the last ninety days, insiders have sold 601,524 shares of company stock worth $25,546,211. 32.03% of the stock is owned by company insiders.

About Cenovus Energy

(Get Free Report)

Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 472 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds 6.7 billion boe of proven and probable reserves.