CVE - Cenovus Energy Inc.

NYSE - NYSE Delayed Price. Currency in USD
4.7400
+0.1300 (+2.82%)
At close: 4:00PM EDT
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Previous close4.6100
Open4.7500
Bid4.7400 x 45900
Ask4.7500 x 27000
Day's range4.6400 - 4.8100
52-week range1.4100 - 10.8200
Volume3,638,830
Avg. volume8,952,358
Market cap5.874B
Beta (5Y monthly)3.48
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date12 Mar 2020
1y target estN/A
  • Cenovus (CVE) Up 20.1% Since Last Earnings Report: Can It Continue?
    Zacks

    Cenovus (CVE) Up 20.1% Since Last Earnings Report: Can It Continue?

    Cenovus (CVE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Surging Crude Prices Send Oil Stocks Soaring Today
    Motley Fool

    Surging Crude Prices Send Oil Stocks Soaring Today

    Oil prices started this week with a bang. WTI, the primary U.S. oil price benchmark, had rallied more than 10% by 10:30 a.m. EDT on Monday, to around $32.50 a barrel, while Brent, the global oil price benchmark, jumped more than 7% to nearly $35 a barrel. The surge in crude prices buoyed most oil stocks.

  • Why Has Cenovus Energy (CVE) Rallied 18.8% Since Q1 Earnings?
    Zacks

    Why Has Cenovus Energy (CVE) Rallied 18.8% Since Q1 Earnings?

    The coronavirus pandemic made quite a brutal impact on Cenovus Energy's (CVE) Q1 earnings.

  • Cenovus Energy (CVE) Q1 2020 Earnings Call Transcript
    Motley Fool

    Cenovus Energy (CVE) Q1 2020 Earnings Call Transcript

    To keep it simple and limit background noise, we have our president and chief executive officer, Alex Pourbaix; our chief financial officer, Jon McKenzie; our executive vice president, upstream, Norrie Ramsay; and our executive vice president, downstream, Keith Chiasson, on the call to answer your questions. Now, before I get to our quarterly results, I wanted to touch briefly for a second.

  • Reuters

    Oil cuts keeping Canada storage levels in check, producers say

    A crash in crude prices due to global economic restrictions has forced oil companies to cut costs and production. Analysts warn that global storage levels are fast approaching capacity. Levels could still spike to tank-top levels of 43 million barrels, Chief Executive Alex Pourbaix warned.

  • Reuters

    Cenovus backs further curtailment as Alberta mulls global oil cut

    Canada's Cenovus Energy Inc <CVE.TO> on Thursday said it would support any further moves by the oil-rich province of Alberta to curtail production as the industry scrambles to head off a storage crunch. The endorsement comes as Alberta Premier Jason Kenney said the western Canadian province is open to joining any potential global pact to reduce a glut of crude production. Storage levels in Alberta, home to the world's third-largest crude reserves, have ballooned to around 30 million barrels and are fast approaching capacity of about 40 million as producers park crude to cope with plummeting demand, according to Royal Bank of Canada (RBC) analysts.

  • Reuters

    Cenovus further cuts 2020 spending, suspends dividend citing oil prices

    The fall in crude prices have forced producers to look for ways to reduce cost, and Cenovus said its measures included a 25% cut in compensation for chief executive officer and board members. The company's other executives will take a 12%-15% reduction in annual base salary, while employees at other levels will experience a graduated smaller salary impact, Cenovus said. Last month, Cenovus announced a near 32% cut to its capital spending for the year and a temporary suspension of its crude-by-rail program, as an erupting Saudi-Russia oil price war dealt a blow to the struggling Canadian oil industry.

  • Reuters

    Canadian oil shares bounce modestly, Cenovus cuts spending

    Shares of Canadian energy companies recovered some of their losses on Tuesday, but hovered around their weakest levels in a decade, and Cenovus Energy Inc <CVE.TO>, one of the country's largest producers, slashed spending. Cenovus cut capital spending by 32% for the year and suspended rail-shipping as an oil price war battered rival producers, including Canada. Cenovus closed up 11.3% at C$4.25 and was among the Canadian oil patch's biggest recoveries, after shedding more than 50% the day before, while the Toronto Stock Exchange energy index <.SPTTEN> closed 1.7% higher.

  • As Teck oil sands mine hopes for okay from Canada's Trudeau, 20 other projects on hold
    Reuters

    As Teck oil sands mine hopes for okay from Canada's Trudeau, 20 other projects on hold

    As Canadian Prime Minister Justin Trudeau considers whether to approve Teck Resources' Frontier oil sands project, roughly 20 others sit on the shelf as companies delay investment decisions hoping for new pipelines and higher prices. Trudeau's cabinet is expected to meet on Tuesday and decide on Frontier this week. Should Ottawa reject the project, Teck said on Friday it would write down Frontier by C$1.13 billion.

  • Cenovus Energy (CVE) Reports Q4 Loss, Lags Revenue Estimates
    Zacks

    Cenovus Energy (CVE) Reports Q4 Loss, Lags Revenue Estimates

    Cenovus (CVE) delivered earnings and revenue surprises of -225.00% and -11.06%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Reuters

    Cenovus posts surprise fourth-quarter loss as costs rise; shares drop

    The company produced 467,448 barrels of oil equivalent per day (boe/d) during the quarter, an increase of 8% from a year-ago period when it had restrained production rates. Cenovus took advantage of the Alberta government's special production allowance, which permits additional oil output if it moves by rail. Reduced refining margins show the ripple effects of Alberta's drastic efforts to address the Canadian industry's struggles.

  • Why Earnings Season Could Be Great for Cenovus (CVE)
    Zacks

    Why Earnings Season Could Be Great for Cenovus (CVE)

    Cenovus (CVE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings.

  • Is a Beat in the Offing for Enbridge (ENB) in Q4 Earnings?
    Zacks

    Is a Beat in the Offing for Enbridge (ENB) in Q4 Earnings?

    Enbridge's (ENB) year-over-year earnings improvement is likely to have been supported by the Stratton Ridge project.

  • Is a Beat Likely for Antero Resources (AR) in Q4 Earnings?
    Zacks

    Is a Beat Likely for Antero Resources (AR) in Q4 Earnings?

    Antero Resources' (AR) fourth-quarter earnings are expected to have been supported by higher production volumes.

  • What's in Store for Antero Midstream's (AM) Q4 Earnings?
    Zacks

    What's in Store for Antero Midstream's (AM) Q4 Earnings?

    Antero Midstream's (AM) fourth-quarter results are likely to been aided by increased compression volumes.

  • Is a Beat Likely for Viper Energy (VNOM) in Q4 Earnings?
    Zacks

    Is a Beat Likely for Viper Energy (VNOM) in Q4 Earnings?

    Viper Energy Partners' (VNOM) fourth-quarter production is likely to have risen year over year, in turn boosting profit levels.

  • Cenovus Energy (CVE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks

    Cenovus Energy (CVE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    Cenovus (CVE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Reuters

    Canada's Cenovus Energy to build houses for indigenous communities

    The commitment towards the six First Nations and Métis communities could be extended to 10 years and result in a total investment of C$100 million, the company said. Alberta this week set up Alberta Indigenous Opportunities Corp to allocate up to C$1 billion to support First Nations that back resource projects, such as oil pipelines. First Nations plays a pivotal role in Canada's oil industry because governments and companies have a legal duty to consult and accommodate them before proceeding with resource projects that affect their territories.

  • Baytex Releases Preliminary Report for Q419 and Full Year
    Zacks

    Baytex Releases Preliminary Report for Q419 and Full Year

    Baytex Energy's (BTE) Q4 preliminary results reflect an effective decrease in debt burden by C$100 million.

  • Magellan Midstream to Sell 3 Marine Terminals, Hikes Payout
    Zacks

    Magellan Midstream to Sell 3 Marine Terminals, Hikes Payout

    The distribution hike on offer at Magellan Midstream (MMP) represents the firm's 71st payout increase since it went public.

  • Top Ranked Growth Stocks to Buy for January 23rd
    Zacks

    Top Ranked Growth Stocks to Buy for January 23rd

    Top Ranked Growth Stocks to Buy for January 23rd

  • McDermott International Files for Bankruptcy: What to Expect
    Zacks

    McDermott International Files for Bankruptcy: What to Expect

    Backed by the restructuring process and a secure exit financing of more than $2.4 billion, McDermott (MDR) looks forward to come out of bankruptcy with roughly $500 million in debt.

  • Gulfport's Bearish Run Persists: Can the Stock Turn Around?
    Zacks

    Gulfport's Bearish Run Persists: Can the Stock Turn Around?

    With natural gas prices recently diving to more than three-year lows and Gulfport (GPOR) positioned as one of the most gas-weighted upstream players, the company's performance is weighed on.

  • Encana to Shift Base to the United States, Rebrand as Ovintiv
    Zacks

    Encana to Shift Base to the United States, Rebrand as Ovintiv

    Through this restructuring, Encana (ECA) will effectively exchange Ovintiv's one share of common stock for every five common shares of Encana.

  • Why Cenovus (CVE) Stock Might be a Great Pick
    Zacks

    Why Cenovus (CVE) Stock Might be a Great Pick

    Cenovus (CVE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.