Cenovus Energy Inc.

CVE • Oil & Gas Integrated

$32.37

▼ -0.43 (-1.30%)

Current price

EarningsLatest report: Jun 30, 2026

FAVORABLE PROFILEAttractiveConfidence: 70%

Quantitative profile — not an investment recommendation.

Quantitative profile — not an investment recommendation.Methodology

Analysis thesis: Solid company profile with reasonable valuation support. The data suggests a balanced quality/value setup.

Market Cap

$60.57B

Growth

0.1%

Cash Flow

5/5

Trend

Stable

Evidence

Positive free cash flow · 1.88Consistent free cash flow · 5/5Reasonable earnings multiple · 10.7Manageable debt level · 0.54Healthy liquidity · 1.57

Financial data as of: Jun 30, 2026, 12:00 AM UTCLast earnings update: Jun 30, 2026, 12:00 AM UTCLast profile update: Aug 5, 2026, 2:27 PM UTC

Company Snapshot

Key valuation, quality, financial strength, momentum and analyst data.

Price$32.37

Change-1.30%

Shares Out1.87B

Market Cap$60.57B

52W Range14.48 - 32.07

Beta0.50

P/E11.74

P/S5.96

P/B2.27

P/FCF71.28

EV/Sales6.49

EV/EBITDA20.94

Price$32.37

Change-1.30%

Shares Out1.87B

Market Cap$60.57B

52W Range14.48 - 32.07

Beta0.50

P/E11.74

P/S5.96

P/B2.27

P/FCF71.28

EV/Sales6.49

EV/EBITDA20.94

EV/FCF77.57

Earnings Yield8.52%

FCF Yield1.40%

Dividend Yield0.51%

Gross Margin10.46%

Oper. Margin8.82%

Profit Margin7.91%

Debt/Eq0.54

Current Ratio1.57

Quick Ratio1.04

Revenue 5Y0.12%

FCF 5Y3.55%

Target$36.00

Target Upside11.21%

Target Median$36.00

Target Range36.00 - 36.00

Volume7.03M

Avg Volume8.30M

EPS Surprise0.05

Investment DNA

How strong this company looks for long-term investors

out of 100

Business Quality

Margins, moat, returns

58/100

Financial Strength

Debt, cash, stability

80/100

Growth Potential

Revenue and expansion

54/100

Price Attractiveness

Cheap or expensive today

92/100

Why this score▼

Positive free cash flow · 1.88Consistent free cash flow · 5/5Reasonable earnings multiple · 10.7Manageable debt level · 0.54Healthy liquidity · 1.57

Analyst view

Analyst sentiment and price target

CVE

Analyst sentiment

Based on 27 analyst votes · 2026-09-05

69/100

Neutral

Bullish

Hold

Bearish

Price Target

2026-07-31

Low

$22.00

Mean

$29.00

Median

$29.00

High

$36.00

Company Overview

IPO: 11/17/2009

Industry: Oil & Gas Integrated

P/B i: 2.27

Debt / Equity i: 0.54

Operating Margin: 8.82%

Net Margin: 7.91%

ROE i: -

ROIC: -

Financial Health

Score16 / 20

Debt / Equity: 0.54

Current Ratio: 1.57

Quick Ratio: 1.04

Status: Strong

🧾

No insider activity

No recent insider transactions available.

About the Company

Cenovus Energy Inc.

Cenovus Energy Inc. is an integrated energy firm involved in the exploration, extraction, processing, and sale of crude oil, natural gas liquids, and natural gas. Its operations span Canada, the United States, and the Asia Pacific region. The company organizes its extensive activities across six core segments: Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail. The Oil Sands division is responsible for developing and producing bitumen and heavy oil from significant projects in northern Alberta and Saskatchewan, including Foster Creek, Christina Lake, Sunrise, and Tucker, in addition to its Lloydminster thermal and conventional heavy oil operations. Cenovus’s Conventional segment encompasses assets primarily situated in Alberta and British Columbia, specifically in areas such as Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake, alongside holdings in various natural gas processing facilities. The Offshore segment is solely dedicated to exploration and development endeavors. Its Canadian Manufacturing segment includes the proprietary Lloydminster upgrading and asphalt refining complex, which converts heavy oil and bitumen into synthetic crude oil, diesel fuel, asphalt, and other related products. This segment also oversees the Bruderheim crude-by-rail terminal and operates two ethanol plants. The U.S. Manufacturing segment focuses on refining crude oil to produce diesel, gasoline, jet fuel, asphalt, and various other petroleum products. Finally, the Retail segment manages the distribution and sales of both its own and third-party refined petroleum products through a network of retail, commercial, and bulk petroleum outlets, as well as wholesale channels. Cenovus Energy Inc. was founded in 2009 and maintains its corporate headquarters in Calgary, Canada.

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Peers

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1Y peer performance

Top performers + selected company

Latest news

Jupiter Topco LLC Takes $2.14 Million Position in Cenovus Energy Inc $CVE

Jupiter Topco LLC acquired a new stake in Cenovus Energy Inc (NYSE: CVE) (TSE: CVE) in the quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 86,167 shares of the oil and gas company's stock, valued at approximately $2,137,000. Several other hedge funds have also recently

Defense World

Don't Miss These 3 Companies Delivering Strong Guidance Updates

Raised guidance suggests that company leadership sees some combination of stronger demand, improved margins, or better operational execution relative to what they had previously expected; in other words, things are going more right than anticipated. This makes guidance increases one of the most important positive signals in a quarterly report, despite the fact that top- and bottom-line beats tend to grab headlines.

MarketBeat

How Cenovus' Low-Cost Base and Downstream Integration Offer Resilience

CVE's low-cost oil sands assets and integrated upstream-downstream platform support production growth and resilience through price volatility.

Zacks Investment Research

Why Is Cenovus (CVE) Up 4.6% Since Last Earnings Report?

Cenovus (CVE) reported earnings 30 days ago. What's next for the stock?

Zacks Investment Research

BlackRock Inc. Buys New Position in Cenovus Energy Inc $CVE

BlackRock Inc. bought a new stake in Cenovus Energy Inc (NYSE: CVE) (TSE: CVE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,389,302 shares of the oil and gas company's stock, valued at approximately $183,329,000. BlackRock Inc. owned approximately 0.40% of Cenovus Energy at

Defense World

Earnings Surprises

Period	Estimate	Actual	Surprise
2026-05-06	0.56	0.61	0.05
2026-02-19	0.28	0.36	0.08
2025-10-31	0.4	0.52	0.12
2025-07-31	0.14	0.33	0.19
2025-05-08	0.29	0.32	0.03
2024-10-31	0.34	0.31	-0.03
2024-08-01	0.52	0.39	-0.13
2024-05-01	0.35	0.46	0.11
2024-02-15	0.25	0.29	0.04
2023-11-02	0.63	0.72	0.09
2023-07-27	0.32	0.33	0.01
2023-04-26	0.22	0.24	0.02