CVE
NYSE · Energy
Cenovus Energy Inc
$25.93
+0.49 (+1.93%)
Performance
1D
—
1W
—
1M
—
3M
+55.18%
6M
+50.14%
1Y
+82.09%
YTD
+47.92%
Open$25.19
Previous Close$25.44
Day High$26.08
Day Low$25.04
52W High$31.81
52W Low$14.48
Volume—
Avg Volume7.91M
Market Cap57.56B
P/E Ratio18.32
EPS$1.73
SectorEnergy
Technical Indicators
Full analysis →
SMA 50
$18.51
Above
SMA 200
$16.37
Above
RSI (14)
67.4
Neutral
Trend
Golden Cross
Bullish
Analyst Ratings
Strong Buy
22 analysts
Price Target
+1,121.3% upside
Current
$25.93
$25.93
Target
$316.68
$316.68
$220.56
$316.68 avg
$413.19
Key Financials
| FY 2026 | FY 2025 | FY 2024 | |
|---|---|---|---|
| Revenue | 75.36B | 71.50B | 82.54B |
| Net Income | 4.36B | 3.73B | 3.20B |
| Profit Margin | 5.8% | 5.5% | 3.9% |
| EBITDA | 13.49B | 12.16B | 6.53B |
| Free Cash Flow | — | — | 2.85B |
| Rev Growth | +5.4% | +5.4% | +23.5% |
| Debt/Equity | 0.36 | 0.36 | 0.63 |
Dividend
Dividend Yield2.53%
Annual Dividend$0.84
Payout Ratio49.4%
Frequencyquarterly
Ex-Dividend—
Pay Date—
About Cenovus Energy Inc
Cenovus Energy Inc. is one of Canada's largest integrated oil and natural gas companies, headquartered in Calgary, Alberta, with operations spanning oil sands production, conventional oil and gas, and downstream refining and upgrading. The company is a major producer of oil sands bitumen, with flagship assets including Christina Lake and Foster Creek, and operates a significant United States refining business following its acquisition of Husky Energy. Cenovus markets crude oil, natural gas liquids, and refined products across North America through an integrated model connecting upstream production to downstream processing and end-market sales. Its refining capacity provides direct access to upgrading margins.
Energy Peers
| Symbol | Name | Price | Change | P/E | Mkt Cap |
|---|---|---|---|---|---|
| XOM | Exxon Mobil Corp | $163.26 | -1.28% | 22.1 | 637.07B |
| CVX | Chevron Corporation | $205.15 | -0.79% | 30.3 | 372.06B |
| ENB | Enbridge Inc | $54.48 | +0.07% | 21.6 | 161.85B |
| TTE | Totalenergies Se | $89.26 | +0.53% | 8.3 | 168.10B |
| COP | Conocophillips | $128.93 | -0.32% | 19.4 | 155.27B |
| CNQ | Canadian Natural Resources | $49.18 | +0.33% | 13.4 | 144.98B |
CVE Frequently Asked Questions
What does Cenovus Energy do?
Cenovus produces heavy crude oil from Alberta's oil sands using a technique called steam-assisted gravity drainage (SAGD), which injects steam underground to liquefy bitumen for extraction. That heavy crude flows through pipelines to Cenovus's own U.S. refineries — acquired from Husky Energy — where it is upgraded into gasoline, diesel, and other products. This integration from production to refining reduces the discount Cenovus pays on heavy crude, as it captures the refining margin rather than selling unprocessed bitumen into the market. Natural gas production and offshore operations round out the portfolio.
Is CVE stock a good investment?
Cenovus offers a unique integrated energy investment — oil sands production whose economics benefit from the company owning its own U.S. refining capacity. When heavy oil differentials narrow, the refining margin adds income; when differentials widen, Cenovus pays less for its own feedstock. Operating cost reduction in oil sands is a key metric, as low operating costs per barrel mean Cenovus generates free cash flow even in moderate oil price environments. The tiered dividend strategy distributes more when oil prices are high and conserves cash when they fall.
Who are Cenovus Energy's main competitors?
Canadian Natural Resources (CNQ) is Cenovus's most direct competitor in oil sands, operating at a similarly large scale with a track record of exceptional cost discipline. Suncor Energy competes across oil sands production and downstream refining in a nearly identical integrated model. Imperial Oil (majority-owned by ExxonMobil) operates oil sands and downstream assets. MEG Energy competes in in-situ oil sands production but without downstream integration. ConocoPhillips and other international operators have oil sands assets that draw similar investor comparisons.
Does Cenovus Energy pay dividends?
Cenovus pays a base dividend that management commits to sustaining across oil price cycles, supplemented by variable dividend payments when free cash flow exceeds the threshold needed to retire debt. This tiered approach lets the company share commodity upside with shareholders in strong markets while maintaining financial flexibility in downturns. The combined base-plus-variable yield has been meaningful during high oil price periods. As net debt has been reduced toward management's target, more excess cash flow has flowed toward the variable dividend and share buybacks.
What is the current share price of CVE?
CVE last closed at $25.93, up 1.93% in the most recent trading session. Over the past 52 weeks, the stock has traded between a low of $14.48 and a high of $31.81. The current price represents 66% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.
Is CVE rated a buy or sell by analysts?
Among 22 analysts covering CVE, the consensus rating is Strong Buy — 18 rate it a buy, 3 hold, and 1 sell. The average price target sits at $316.68, implying 1,121% upside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.
What are Cenovus Energy Inc's earnings?
Cenovus Energy Inc generated $75.36B in revenue during fiscal year 2026, with $4.36B reaching the bottom line as net income. The net profit margin of 5.8% reflects the competitive nature of its industry.
How is CVE valued compared to earnings?
CVE trades at a P/E ratio of 18.32 on trailing earnings of $1.73 per share. That's roughly in line with the broader market average of ~20-25x. Comparing this multiple against Energy sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.
What is CVE's return over the past year?
Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: +55.18% (3M), +50.14% (6M), +82.09% (1Y), +47.92% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether CVE is outperforming or lagging the broader market.