CVE

Cenovus Energy Inc. [CVE] Stock Forecast

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RSI : 000

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In the News

09:27 26 Feb 2024 CVE

Cenovus Energy: Possibly One Of The Most Undervalued Energy Stocks

Cenovus Energy achieved significant operational milestones in Q4'23, including the successful restart of two refineries and progress on the TMX pipeline. Canadian oil industry is expected to benefit from the TMX pipeline, potentially reducing oil differentials and boosting profitability. Despite headwinds, Cenovus Energy remains committed to debt reduction and returning excess free cash flow to shareholders, offering attractive investment opportunities.

12:45 26 Feb 2024 CVE

Cenovus (CVE) Tops on Q4 Earnings, Expects '24 Production Hike

Cenovus' (CVE) Q4 earnings gain from higher contributions from the Oil Sands unit and lower expenses.

11:23 26 Feb 2024 CVE

Cenovus Energy: Calling All Dividend Investors

Cenovus Energy Inc. has reduced debt by over C$900 million in the latest quarter. It will not be long before the company hits the net debt goal of $4 billion. The company's refining abilities insulate a lot of production from thermal oil pricing discounts, allowing for more cash flow in the future.

08:31 26 Feb 2024 CVE

Cenovus Energy (CVE) Surpasses Q4 Earnings Estimates

Cenovus Energy (CVE) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.29 per share a year ago.

06:18 26 Feb 2024 CVE

Cenovus Energy fourth-quarter profit misses estimates

Cenovus Energy narrowly missed estimates for quarterly profit on Thursday, hit by lower oil prices.

08:35 26 Feb 2024 CVE

What's in Store for Cenovus Energy (CVE) in Q4 Earnings?

While decreased commodity prices are likely to have hurt Cenovus Energy's (CVE) Q4 earnings, higher production may have partially offset the negative.

10:47 26 Feb 2024 CVE

Cenovus to hold fourth-quarter, full-year 2023 results conference call and webcast February 15

CALGARY, Alberta, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) will release its fourth-quarter and full-year 2023 results on Thursday, February 15. The news release will provide consolidated fourth-quarter and full-year operating and financial information. The company's quarterly and 2023 financial statements will be available on Cenovus's website, cenovus.com.

04:34 26 Feb 2024 CVE

Under-the-Radar: 3 Stocks Poised for Surprise Gains

Though one of the remarkable elements of the new year so far has been the sustained performance of the usual suspects, investors should still consider the potential value of stocks with unexpected gains. These enterprises might not be in the spotlight compared to more popular enterprises on Wall Street.

08:22 26 Feb 2024 CVE

3 Value Stocks to Buy as the Market Shifts from Growth to Value

Based on the latest headlines, investors might be tempted to ignore the viability of underappreciated value stocks. Primarily, the latest reports indicate that the economy grew at a much more rapid pace than experts anticipated in the fourth quarter.

06:16 26 Feb 2024 CVE

New Strong Sell Stocks for January 23rd

CVE, CMC and CUTR have been added to the Zacks Rank #5 (Strong Sell) List on January 23, 2023.

CVE Financial details

Company Rating
Strong Buy
Market Cap
32.98B
Income
4.15B
Revenue
56.38B
Book val./share
15.23
Cash/share
0.67
Dividend
0.39
Dividend %
2.22%
Employees
6.93K
Optionable
No
Shortable
Yes
Earnings
24 Apr 2024
P/E
10.73
Forward P/E
6.1
PEG
0.15
P/S
0.79
P/B
1.55
P/C
26.3
P/FCF
14.83
Quick Ratio
0.82
Current Ratio
1.49
Debt / Equity
0.35
LT Debt / Equity
0.33
-
-
EPS (TTM)
2.16
EPS next Y
2.89
EPS next Q
0.63
EPS this Y
1118.52%
EPS next Y
33.59%
EPS next 5Y
33.59%
EPS last 5Y
NAN%
Revenue last 5Y
27.39%
Revenue Q/Q
22.1%
EPS Q/Q
117.78%
-
-
-
-
SMA20
11.7%
SMA50
2.64%
SMA100
-16.02%
Inst Own
44.61%
Inst Trans
0.91%
ROA
8%
ROE
15%
ROC
0.13%
Gross Margin
23%
Oper. Margin
11%
Profit Margin
7%
Payout
28%
Shs Outstand
1.87B
Shs Float
1.32B
-
-
-
-
Target Price
17.01
52W Range
14.69-21.37
52W High
-16.1%
52W Low
+25.86%
RSI
66.67
Rel Volume
0.7
Avg Volume
11.35M
Volume
7.96M
Perf Week
8.63%
Perf Month
9.03%
Perf Quarter
-11.59%
Perf Half Y
-6.67%
-
-
-
-
Beta
2.799
-
-
Volatility
0.44%, 0.81%
Prev Close
0.11%
Price
17.62
Change
1.26%

CVE Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2022-12-31

Metric History 2018-12-312019-12-312020-12-312021-12-31 2022-12-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
17.4117.3811.0624.2136.78
Net income per share
-2.171.79-1.940.293.31
Operating cash flow per share
1.752.670.222.945.84
Free cash flow per share
0.631.71-0.481.663.92
Cash per share
0.640.150.311.422.32
Book value per share
14.2215.6313.611.714.13
Tangible book value per share
12.3713.6911.679.9512.63
Share holders equity per share
14.2215.6313.611.714.13
Interest debt per share
7.947.4688.176.38
Market cap
11.77B16.29B9.46B31.55B51.27B
Enterprise value
20.15B24.72B18.41B44.1B58.39B
P/E ratio
-4.417.42-3.9853.757.95
Price to sales ratio
0.550.760.70.650.71
POCF ratio
5.464.9634.675.334.5
PFCF ratio
15.147.75-16.159.46.71
P/B Ratio
0.670.850.571.341.86
PTB ratio
0.670.850.571.341.86
EV to sales
0.941.161.350.90.81
Enterprise value over EBITDA
24.286.07100.585.383.81
EV to operating cash flow
9.357.5267.427.455.12
EV to free cash flow
25.9311.76-31.4113.147.64
Earnings yield
-0.230.13-0.250.020.13
Free cash flow yield
0.070.13-0.060.110.15
Debt to equity
0.520.450.560.650.42
Debt to assets
0.260.240.280.290.21
Net debt to EBITDA
10.12.0748.861.530.46
Current ratio
1.231.31.261.641.55
Interest coverage
-2.233.4-4.243.713.51
Income quality
-0.731.5-0.1110.081.77
Dividend Yield
0.020.020.010.010.02
Payout ratio
-0.090.12-0.030.360.14
Sales general and administrative to revenue
0.020.020.020.020.01
Research and developement to revenue
00000
Intangibles to total assets
0.060.060.070.070.05
Capex to operating cash flow
-0.64-0.36-3.15-0.43-0.33
Capex to revenue
-0.06-0.06-0.06-0.05-0.05
Capex to depreciation
-0.65-0.53-0.37-0.59-0.86
Stock based compensation to revenue
0.05-0.010.070.030
Graham number
26.3625.0524.338.7632.42
ROIC
-0.040.1-0.060.040.19
Return on tangible assets
-0.080.07-0.080.010.12
Graham Net
-12.61-11.71-11.47-11.28-9.69
Working capital
595M763M617M4.68B4.41B
Tangible asset value
15.2B16.93B14.35B20.06B24.65B
Net current asset value
-14.51B-13.23B-13.09B-18.51B-15.85B
Invested capital
0.520.450.560.650.42
Average receivables
1.57B1.4B1.47B2.64B3.74B
Average payables
2.23B2.02B1.41B3.48B6.24B
Average inventory
1.2B1.27B1.31B2.5B4.12B
Days sales outstanding
21.1326.6837.2829.118.28
Days payables outstanding
38.5447.3616.5758.440.73
Days of inventory on hand
21.332.8329.6836.0328.68
Receivables turnover
17.2813.689.7912.5419.97
Payables turnover
9.477.7122.026.258.96
Inventory turnover
17.1411.1212.310.1312.73
ROE
-0.150.11-0.140.020.23
Capex per share
-1.12-0.96-0.7-1.27-1.93

Quarterly Fundamentals Overview

Last date of statement is 2023-09-30 for Q3

Metric History 2022-09-302022-12-312023-03-312023-06-30 2023-09-30
2.02K2.02K2.02K2.02K2.02K
Revenue per share
9.77.796.746.768.3
Net income per share
0.830.410.330.460.99
Operating cash flow per share
2.121.55-0.151.051.45
Free cash flow per share
1.670.88-0.730.520.91
Cash per share
1.812.361.071.140.67
Book value per share
14.414.3814.6514.3315.23
Tangible book value per share
12.8512.8613.1212.813.69
Share holders equity per share
14.414.3814.6514.3315.23
Interest debt per share
6.146.176.126.045.37
Market cap
40.52B50.37B45.05B42.98B53.87B
Enterprise value
48.67B57.49B54.49B52.12B62.58B
P/E ratio
6.316.0617.7112.417.22
Price to sales ratio
2.173.373.53.343.43
POCF ratio
9.9116.96-157.521.619.67
PFCF ratio
12.5729.7-32.4843.531.45
P/B Ratio
1.461.831.611.581.87
PTB ratio
1.461.831.611.581.87
EV to sales
2.63.854.244.053.98
Enterprise value over EBITDA
15.1220.9728.0623.5215.3
EV to operating cash flow
11.919.36-190.5426.1922.86
EV to free cash flow
15.133.9-39.2952.7536.53
Earnings yield
0.040.020.010.020.03
Free cash flow yield
0.080.03-0.030.020.03
Debt to equity
0.420.420.410.410.35
Debt to assets
0.210.210.210.210.18
Net debt to EBITDA
2.532.64.864.132.13
Current ratio
1.551.551.631.51.49
Interest coverage
10.757.14.456.1515.64
Income quality
2.543.79-0.452.31.47
Dividend Yield
0.010.0100.010
Payout ratio
0.130.540.340.320.14
Sales general and administrative to revenue
0.010.020.010.010.02
Research and developement to revenue
00000
Intangibles to total assets
0.050.050.050.050.05
Capex to operating cash flow
-0.21-0.433.85-0.5-0.37
Capex to revenue
-0.05-0.09-0.09-0.08-0.07
Capex to depreciation
-0.83-0.87000
Stock based compensation to revenue
-0.06-0.1000
Graham number
16.4411.5110.4812.1218.37
ROIC
0.040.020.020.020.05
Return on tangible assets
0.030.010.010.020.04
Graham Net
-9.51-9.86-10-10.25-9.74
Working capital
4.33B4.41B3.88B3.33B3.54B
Tangible asset value
24.78B24.65B25.03B24.36B25.89B
Net current asset value
-15.05B-15.85B-16.04B-16.51B-14.86B
Invested capital
0.420.420.410.410.35
Average receivables
5.13B4B3.64B3.61B4.1B
Average payables
6.87B6.19B5.78B5.73B6.24B
Average inventory
4.81B4.33B4.29B4.26B4.53B
Days sales outstanding
21.2421.6525.8124.726.73
Days payables outstanding
37.5845.6347.2154.0452.1
Days of inventory on hand
26.1932.1337.0838.0438.99
Receivables turnover
4.244.163.493.643.37
Payables turnover
2.41.971.911.671.73
Inventory turnover
3.442.82.432.372.31
ROE
0.060.030.020.030.06
Capex per share
-0.45-0.66-0.58-0.53-0.54

CVE Frequently Asked Questions

What is Cenovus Energy Inc. stock symbol ?

Cenovus Energy Inc. is a CA stock , located in Calgary of Ab and trading under the symbol CVE

Is Cenovus Energy Inc. buy or a sell ?

4 stock analysts have 4 predictions with a medium analyst target price of $17.01. The lowest prediction is $11.538339185 and the highest is $19.89368825

What is CVE stock prediction ?

What is Cenovus Energy Inc. stock quote today ?

Cenovus Energy Inc. stock price is $17.62 today.

Is Cenovus Energy Inc. stock public?

Yes, Cenovus Energy Inc. is a publicly traded company.

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