Energy -
Oil & Gas Integrated - NYSE - CA
$ 14.9505
5.96 %
$ 27.3 B
Market Cap
10.83
P/E
1. INTRINSIC VALUE
Balance Sheet
Cenovus Energy Inc.
| Current Assets | 9.71 B |
| Cash & Short-Term Investments | 2.23 B |
| Receivables | 3.21 B |
| Other Current Assets | 4.27 B |
| Non-Current Assets | 44.2 B |
| Long-Term Investments | 558 M |
| PP&E | 39.7 B |
| Other Non-Current Assets | 3.98 B |
| Current Liabilities | 6.21 B |
| Accounts Payable | 1.08 B |
| Short-Term Debt | 478 M |
| Other Current Liabilities | 4.66 B |
| Non-Current Liabilities | 19 B |
| Long-Term Debt | 9.47 B |
| Other Non-Current Liabilities | 9.53 B |
EFFICIENCY
Earnings Waterfall
Cenovus Energy Inc.
| Revenue | 52.2 B |
| Cost Of Revenue | 42.8 B |
| Gross Profit | 9.43 B |
| Operating Expenses | 12.7 B |
| Operating Income | 5.41 B |
| Other Expenses | 1.3 B |
| Net Income | 4.11 B |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Cenovus Energy Inc.
| Net Income | 4.11 B |
| Depreciation & Amortization | 4.62 B |
| Capital Expenditures | -4.3 B |
| Stock-Based Compensation | 0 |
| Change in Working Capital | -1.19 B |
| Others | -1.1 B |
| Free Cash Flow | 3.09 B |
Wall Street Analysts Price Targets
Cenovus Energy Inc.
Wall Street analysts predict an average 1-year price target for CVE of $31 , with forecasts ranging from
a
low of
$31 to a high of $31 .
CVE Lowest Price Target
Wall Street Target
31 USD
107.35%
CVE Average Price Target
Wall Street Target
31 USD
107.35%
CVE Highest Price Target
Wall Street Target
31 USD
107.35%
4. DIVIDEND
ANALYSIS
0.81%
DIVIDEND YIELD
0.126 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Cenovus Energy Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Buy The Drop On These Amazing Dividend Bargains
There is always something on sale, with now being a good time to pick up select names in the energy sector for high yields and value. Cenovus Energy is a Canadian oil and gas giant with integrated operations, offering strong cash flows, disciplined capital allocation, and robust capital returns to shareholders. Plains All American is a large midstream company with extensive infrastructure, strong operational efficiencies, and high yields, benefiting from growth in Permian Basin volumes.
seekingalpha.com
- 1 month ago
New Strong Sell Stocks for November 19th
FRO, DHT and CVE have been added to the Zacks Rank #5 (Strong Sell) List on November 19, 2024.
zacks.com
- 1 month ago
Cenovus Energy Outlines 2025 Growth Plan With $5 Billion Budget
CVE reveals its 2025 plan with up to $5 billion in investments, growth in upstream and downstream operations, key project advancements and enhanced shareholder returns.
zacks.com
- 1 month ago
Cenovus announces 2025 capital budget and corporate guidance
CALGARY, Alberta, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2025 corporate guidance, which includes capital investment of $4.6 billion to $5.0 billion, delivering upstream production of 805,000 barrels of oil equivalent per day (BOE/d) to 845,000 BOE/d and downstream crude unit utilization of 90% to 95%. Capital investment in 2025 will include about $3.2 billion of sustaining capital to maintain base production and support continued safe and reliable operations, with an additional $1.4 billion to $1.8 billion directed towards advancing the company's upstream growth projects. Cenovus's disciplined capital plan and strong emphasis on cost control will support continued returns to shareholders of 100% of excess free funds flow (EFFF) over time while maintaining net debt near $4.0 billion.
globenewswire.com
- 1 month ago
Cenovus Energy: Well-Positioned For Strong Capital Returns
Cenovus Energy offers a compelling value and income growth opportunity, trading near its 52-week low with a forward P/E of 10.5. CVE's integrated operations, disciplined capital allocation, and strong balance sheet underpin its appeal, with plans to return excess free cash flow to shareholders. Significant production ramp-ups from projects like Christina Lake and West White Rose position CVE for long-term growth despite near-term headwinds from lower commodity prices.
seekingalpha.com
- 2 months ago
Cenovus Energy: Even More Attractive
Cenovus Energy's shares have declined, but the company is ramping up cash returns to shareholders, leading to a fast-growing shareholder yield. A favorable US administration, undemanding valuation, and positive business growth outlook make Cenovus Energy an attractive investment. Cenovus generated strong cash flows despite low oil prices, with a 25% operating cash flow yield and an 8x free cash flow multiple.
seekingalpha.com
- 2 months ago
Cenovus Energy announces redemption of Series 3 Preferred Shares
CALGARY, Alberta, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (“Cenovus” or the “Company”) (TSX: CVE) (NYSE: CVE) announced today it will exercise its right to redeem the Company's 4.689% Series 3 Preferred Shares (the “Series 3 Preferred Shares”) on December 31, 2024 (the “Redemption”). All 10 million Series 3 Preferred Shares outstanding will be redeemed at the price of $25.00 per share, for an aggregate amount payable to holders of $250 million, less required withholdings, if any, funded primarily from cash on hand.
globenewswire.com
- 2 months ago
Cenovus: Record Valuation Discount Could Set Up Strong Returns
Cenovus delivered a solid Q3 with upstream production above expectations as the turnaround at Christina Lake was finished ahead of time. Downstream remains a drag on group performance, yet management is actively adressing challenges, with key work at its Lima refinery done during the turnaround and feedstock cost effects likely easing. With relative valuation at its lowest in several years, we reiterate shares at Overweight and a ~84% upside to our US$30/sh price target.
seekingalpha.com
- 2 months ago
3 Under-the-Radar Oil Stocks to Keep Your Eye On
A second Trump administration is likely to affect most, if not all, corners of the stock market, there are few areas expected to be impacted as significantly as the energy sector.
marketbeat.com
- 2 months ago
Cenovus Energy announces renewal of share buyback program
CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that the Toronto Stock Exchange (“TSX”) has approved the renewal of the company's normal course issuer bid (“NCIB”) to purchase up to 127,489,549 common shares during the 12-month period commencing November 11, 2024 and ending November 10, 2025.
globenewswire.com
- 2 months ago
Cenovus Energy: The Optimization Continues
Cenovus Energy should perform better as an integrated company than it did in the past when the business was mostly upstream during cyclical downturns. Earnings showed improvement over the past. The progress will become significant to the market. Heavy Oil and Oil Sands offer the most significant cost reduction potential.
seekingalpha.com
- 3 months ago
Cash-Flow Gusher: Why Cenovus Remains One Of My Favorite Energy Plays
Canada's rich reserves and export growth make Cenovus Energy a compelling dividend stock, especially with rising U.S. demand and expanded access to Asian markets. Cenovus' integration of upstream and downstream assets strengthens its profitability. Strategic pipelines and refinery access further boost its long-term value. With steady cash flow, a solid balance sheet, and aggressive shareholder returns, CVE is well-positioned for growth, making it a key pick for dividend income.
seekingalpha.com
- 3 months ago
8. Profile
Summary
Cenovus Energy Inc. CVE
COUNTRY
CA
INDUSTRY
Oil & Gas Integrated
MARKET CAP
$ 27.3 B
Dividend Yield
0.81%
Description
Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region. The company operates through Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segments Foster Creek, Christina Lake, Sunrise, and Tucker oil sands projects, as well as Lloydminster thermal and conventional heavy oil assets The Conventional segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake operating in Alberta and British Columbia, as well as interests in various natural gas processing facilities. The offshore segment engages in the exploration and development activities. The Canadian Manufacturing segment includes the owned and operated Lloydminster upgrading and asphalt refining complex, which upgrades heavy oil and bitumen into synthetic crude oil, diesel fuel, asphalt, and other ancillary products, as well as owns and operates the Bruderheim crude-by-rail terminal and two ethanol plants. The U.S. Manufacturing segment comprises the refining of crude oil to produce diesel, gasoline, jet fuel, asphalt, and other products. The Retail segment consists of marketing of its own and third-party refined petroleum products through retail, commercial, and bulk petroleum outlets, as well as wholesale channels. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.
Contact
225, 6 Avenue South West, Calgary, AB, T2P 0M5
https://www.cenovus.com
IPO
Date
Nov. 17, 2009
Employees
6925
Officers
Ms. Rhona M. Delfrari
Chief Sustainability Officer & Exe Vice President of Stakeholder Engagement (Leave of Absence))
Ms. Susan M. Anderson
Senior Vice-President of People Services
Mr. Jeffery G. Lawson LLB
Senior Vice President of Corporate Development & Acting Chief Sustainability Officer
Mr. Jonathan M. McKenzie CA
President, Chief Executive Officer & Non-Independent Director
Mr. Kam S. Sandhar CA
Executive Vice President of Strategy & Chief Financial Officer
Mr. Keith A. Chiasson
Executive Vice President & Chief Operating Officer
Dr. Norrie C. Ramsay
Executive Vice President of Upstream - Thermal & Atlantic Offshore
Mr. Jason Abbate
Senior Vice President of Investor Relations
Mr. Gary Frederick Molnar
Senior Vice President of Legal, General Counsel & Corporate Secretary
Mr. Alexander J. Pourbaix
Executive Chair