Energy -
Oil & Gas Integrated - NYSE - CA
$ 15.27
1.91 %
$ 27.9 B
Market Cap
10.91
P/E
1. INTRINSIC VALUE
52.2 B
REVENUE
5.41 B
OPERATING INCOME
4.11 B
NET INCOME
7.39 B
OPERATING CASH FLOW
-5.3 B
INVESTING CASH FLOW
-4.31 B
FINANCING CASH FLOW
14.2 B
REVENUE
1.03 B
OPERATING INCOME
820 M
NET INCOME
2.47 B
OPERATING CASH FLOW
-1.31 B
INVESTING CASH FLOW
-1.18 B
FINANCING CASH FLOW
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
11.80%
GROSS MARGIN
10.77%
OPERATING MARGIN
7.87%
NET MARGIN
14.32%
ROE
7.62%
ROA
12.74%
ROIC
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
103.01%
CVE Average Price Target
Wall Street Target
31 USD
103.01%
CVE Highest Price Target
Wall Street Target
31 USD
103.01%
4. DIVIDEND
ANALYSIS
0.81%
DIVIDEND YIELD
0.128 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
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 weeks 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
- 3 weeks 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
- 3 weeks 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
- 1 month 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
- 1 month 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
- 1 month ago
Cenovus Energy Q3 Earnings Miss Estimates on Lower Production
CVE's Q3 earnings lag estimates but revenues beat the same. Both the top and bottom lines decrease year over year.
zacks.com
- 1 month ago
Cenovus Energy Inc. (CVE) Q3 2024 Earnings Conference Call Transcript
Cenovus Energy Inc. (NYSE:CVE ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Patrick Read - VP, IR Jon McKenzie - CEO Kam Sandhar - EVP, Strategy and Corporate Development Keith Chiasson - EVP, Downstream Geoff Murray - EVP, Commercial Conference Call Participants Dennis Fong - CIBC World Markets Greg Pardy - RBC Capital Markets John Royall - JPMorgan Menno Hulshof - TD Securities Neil Mehta - Goldman Sachs Manav Gupta - UBS Travis Wood - National Bank Financial Patrick O'Rourke - ATB Capital Markets Operator Good morning, ladies and gentlemen. Welcome to Cenovus Energy's Third Quarter Results Conference Call.
seekingalpha.com
- 1 month ago
Cenovus Energy (CVE) Misses Q3 Earnings Estimates
Cenovus Energy (CVE) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.72 per share a year ago.
zacks.com
- 1 month ago
Cenovus announces third quarter 2024 results
CALGARY, Alberta, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its financial and operating results for the third quarter of 2024. The company generated nearly $2.5 billion in cash from operating activities, $2.0 billion of adjusted funds flow and $614 million of free funds flow in the quarter. Upstream production of more than 771,000 barrels of oil equivalent per day (BOE/d)1 was slightly lower compared with the second quarter primarily because of turnaround activity at the Christina Lake oil sands facility. Turnaround impacts to production were lower than forecast, as Christina Lake completed its turnaround ahead of schedule. In the downstream, total throughput increased by about 20,000 barrels per day (bbls/d) from the second quarter to almost 643,000 bbls/d, and a major turnaround was successfully completed at the Lima Refinery.
globenewswire.com
- 1 month ago
Analysts Estimate Cenovus Energy (CVE) to Report a Decline in Earnings: What to Look Out for
Cenovus (CVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 1 month ago
Cenovus to hold third-quarter conference call and webcast on October 31
CALGARY, Alberta, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE: CVE) will release its third-quarter 2024 results on Thursday, October 31. The news release will provide consolidated third-quarter operating and financial information. The company's financial statements will be available on Cenovus's website, cenovus.com.
globenewswire.com
- 1 month ago
8. Profile
Summary
Cenovus Energy Inc. CVE
COUNTRY
CA
INDUSTRY
Oil & Gas Integrated
MARKET CAP
$ 27.9 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
Mr. Jonathan M. McKenzie CA
President, Chief Executive Officer & Non-Independent Director
Mr. Gary Frederick Molnar
Senior Vice President of Legal, General Counsel & Corporate Secretary
Mr. Jeffery G. Lawson LLB
Senior Vice President of Corporate Development & Acting Chief Sustainability Officer
Mr. Kam S. Sandhar CA
Executive Vice President of Strategy & Chief Financial Officer
Mr. Keith A. Chiasson
Executive Vice President & Chief Operating Officer
Mr. Jason Abbate
Senior Vice President of Investor Relations
Ms. Rhona M. Delfrari
Chief Sustainability Officer & Exe Vice President of Stakeholder Engagement (Leave of Absence))
Dr. Norrie C. Ramsay
Executive Vice President of Upstream - Thermal & Atlantic Offshore
Ms. Susan M. Anderson
Senior Vice-President of People Services
Mr. Alexander J. Pourbaix
Executive Chair