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Cenovus Energy CVE

US equityMarket cap rank #274Oil & Gas Integrated
$31.66
+$0.58 (+1.85%)
Market open · Sep 24, 2:00 pm ET
After hours $31.08 0.00%
Open$31.46
Prev close$31.08
Day range$31.38 – $31.93
Volume3.80M
Market cap$58.38B
P/E (TTM)12.4
Dividend yield1.83%

Price chart

Daily bars for up to one year, weekly bars for the 5-year view. Averages are 50/200 trading days (10/40 weeks on the 5-year view).

CVE at a glance

Cenovus Energy (CVE) is trading at $31.66, up 1.85% on the day. Its market value of $58.38B makes it the 274th largest of the 300 companies we follow.

The 52-week range is $15.37 to $34.10. Today's price is about 87% of the way from the low to the high. Holders are ahead 81.3% over twelve months, and up 28.2% across the last three months.

On the chart it holds above both the 50-day ($30.82) and 200-day ($25.35) moving averages; RSI is 48, and the last 30 sessions moved at roughly 31% annualized volatility.

Revenue for the quarter ended Jun 2026 was C$19.09B, up 47.5% from a year earlier, with C$2.87B of net profit (a 11.5% margin).

Valuation works out to 12.4 times trailing earnings, 22% below its five-year average of 15.8. The median for its industry group is 15.9.

10 analysts follow the stock and the average call is "buy". The mean target, $37.48, sits 18.4% over where the stock trades.

This summary is put together from the numbers on the page and updates when they do. It describes the data; it is not a forecast or a recommendation.

Cenovus Energy: the business

Cenovus is a Canadian integrated oil company producing oil sands crude, running refineries in Canada and the U.S., and holding a stake in Husky assets.

What tends to move it. Oil prices, refining margins and the debt payoff schedule from its acquisition of MEG Energy matter.

Written by hand by the BeStock desk and revised when a business changes. See how we work. Spot something out of date? Tell us.

Performance

Price return over each window, from adjusted daily and weekly closes

1 day
+1.9%
1 week
-2.7%
1 month
-1.6%
3 months
+28.2%
6 months
+25.1%
Year to date
+89.3%
1 year
+81.3%
Day range
$31.38$31.93
52-week range
$15.37$34.10

Technical signals

Full technicals →
Trend readLeaning bearish

3 bullish · 4 bearish of 7 signals

IndicatorValueSignal
Price vs 20-day average-2.4%Bearish
Price vs 50-day average+2.7%Bullish
Price vs 200-day average+24.9%Bullish
50-day vs 200-day50d above 200dBullish
RSI (14)48.1Bearish
MACD (12,26,9)0.32Bearish
Bollinger band position24%Bearish

Standard indicator readings worked out from daily closes. They describe how the price has behaved, not where it is going.

Key statistics

Bid / Ask$31.64 / $31.65
Average price today$31.67
Volume3.80MAvg (90d) 7.43M
Turnover$120.21M
Turnover rate0.25%of shares outstanding
Volume ratio0.75vs. recent average pace
Day amplitude1.77%
Market cap$58.38B
Float market cap$48.50B
Shares outstanding1.53B
EPS (TTM)$1.53
P/E (TTM)12.40
P/B2.41
Book value / share$13.15
Earnings yield0.19%
Dividend (TTM)$0.58 / shareYield 1.83%
Net profit (TTM)$2.81B
Net assets$24.25B
30-day volatility31.0%annualized
Avg daily range (ATR)2.92%of price, 14 days
Max drawdown (1y)-23.0%-6.7% from 1y peak

Quote as of Sep 24, 2026 2:00 pm ET. Prices can lag the live tape. This is background information, not a recommendation.

How CVE ranks on BeStock

Market value#274 of 300
P/E (cheapest = 1)#100 of 283
Dividend yield#121 of 244
Closeness to 52-week high#61 of 300
Dollar volume today#237 of 300

Ranks are among the 300 or so U.S.-listed stocks BeStock covers, recalculated whenever prices refresh. A row is left out when the measure does not apply, such as yield for a stock that pays no dividend.

Latest reported quarter: Q2, ended Jun 2026 · reported in CAD

RevenueC$19.09B+47.5% YoY
Operating profitC$4.28B+520.4% YoY
Net profitC$2.87B+237.3% YoY
Diluted EPSC$1.53+240.0% YoY
Free cash flowC$4.44B+266.6% YoY
Operating cash flowC$5.64B

Revenue, last 8 quarters

C$13.8BSep '24C$16.3BDec '24C$14.2BMar '25C$12.9BJun '25C$13.2BSep '25C$13.9BDec '25C$13.3BMar '26C$19.1BJun '26

Net profit, last 8 quarters

C$820.0MSep '24C$146.0MDec '24C$859.0MMar '25C$851.0MJun '25C$1.3BSep '25C$934.0MDec '25C$1.6BMar '26C$2.9BJun '26

Profitability & balance sheet

Gross margin28.0%
Operating margin16.0%
Net margin11.5%
Return on equity21.0%
Return on assets11.0%
Return on invested capital16.8%
Current ratio1.63
Liabilities / assets47.5%
Cash & investmentsC$3.17B
Total debtC$11.25B
Net cash (debt)-C$8.08B
Free cash flow / sales12.9%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • OIL SANDSC$11.22B 54.1%
  • United States (US) RefiningC$6.55B 31.6%
  • Canadian RefiningC$1.61B 7.8%
  • ConventionalC$869.00M 4.2%
  • OffshoreC$486.00M 2.3%
Average move on report day±3.7%last 16 reports
Closed higher8 of 1650% of the time
Best reaction+8.5%
Worst reaction-6.4%

Stock move on the day after each report

-3.6%2024/Q3-2.2%2024/Q4+8.5%2025/Q1+1.1%2025/Q2+1.0%2025/Q3+4.0%2025/Q4-4.7%2026/Q1+5.1%2026/Q2

"Implied move" is the size of move the options market was pricing ahead of the report. Move is the stock’s change on the first session after the release.

Valuation

Multiples measured against the stock's own five-year history

Valuation detail →
Price / earnings12.7x
CheapRich

Around its usual level · 56th percentile, 5-year average 15.8x

#853 of 2977 stocks by PE (1 = cheapest)

Price / book2.5x
CheapRich

Near the top of its 5-year range · 99th percentile, 5-year average 1.7x

#3245 of 5304 stocks by PB (1 = cheapest)

Price / sales1.6x
CheapRich

Near the top of its 5-year range · 99th percentile, 5-year average 0.9x

#2106 of 5143 stocks by PS (1 = cheapest)

P/E over five years

-94x-32x31x93xSep '21Mar '24Sep '26

Dashed line is the 5-year average; the shaded band is one standard deviation either side.

Morningstar fair value estimate

Fair value$30.23
Price vs. fair value+4.7%Close to the estimate
Star rating★★☆☆☆
UncertaintyHigh

Analyst view

All ratings →
ConsensusBuy
Analysts10
Average target$37.48+18.4% vs. price
  • Buy 90%
  • Hold 10%
Low $35.36Now $31.66Avg $37.48High $41.85

Latest rating actions

  • 8 Sep 2026J.P. MorganBUY · PT $41.85
  • 2 Sep 2026UBSHOLD
  • 27 Aug 2026CIBCBUY · PT $37.52
  • 19 Aug 2026UBSBUY · PT $37.38
  • 19 Aug 2026Morgan StanleyBUY · PT $36.08

Ownership & positioning

Who holds it, who is betting against it, and where the big money is moving

Ownership detail →
Institutional ownership69.2%+0.02 pts vs. prior quarter
Institutions holding619+2 vs. prior quarter
Insider trades (recent)1 buys / 1 sellsBalanced
Short interest2.37% of floatDays to cover 6.7 · as of 31 Aug 2026
Short-sale volume share26.9%5-day average of daily volume

Short-sale volume as % of daily volume

22%25%28%31%Aug '26Sep '26Sep '26

Large-order net flow, last 20 sessions

Net of large-order buying minus selling, in USD. Over this window: −$24.35M (5 inflow days, 15 outflow days).

Dividends

Dividend yield (TTM)1.83%
Last dividend$0.16Ex-date 15 Sep 2026
Next-to-last$0.16
Payments on file40

Dividends paid per share, by year

0.1620170.1620180.1620190.0720210.3520220.3920230.5920240.562025

Across the full calendar years shown, the annual payout grew by roughly 20.2% a year.

Latest headlines

More news →
  • J.P. Morgan Upgrades Cenovus Energy(CVE.US) to Buy Rating, Raises Target Price to $42.1Market news · 8 Sep 2026
  • UBS Downgrades Cenovus Energy(CVE.US) to Hold RatingMarket news · 3 Sep 2026
  • CIBC Maintains Cenovus Energy(CVE.US) With Buy Rating, Raises Target Price to $37.53Market news · 28 Aug 2026
  • Goldman Sachs Maintains Cenovus Energy(CVE.US) With Buy Rating, Raises Target Price to $40Market news · 20 Aug 2026
  • UBS Maintains Cenovus Energy(CVE.US) With Buy Rating, Raises Target Price to $37.67Market news · 19 Aug 2026
  • Morgan Stanley Maintains Cenovus Energy(CVE.US) With Buy Rating, Raises Target Price to $36.23Market news · 19 Aug 2026

CVE stock: common questions

How is Cenovus Energy stock doing today?

$31.66 is the latest print for CVE, a move of +1.85% against yesterday's close of $31.08. Today's low and high so far: $31.38 and $31.93.

How big is Cenovus Energy?

Equity value comes to $58.38B at the current price. By that measure it is number 274 of the 300 names in our coverage.

Is CVE expensive on earnings?

Buyers pay 12.4 times the last twelve months of profit (EPS $1.53). Averaged over five years the multiple has been 15.8, and today's level ranks in the 56th percentile of its own history.

Where does CVE sit in its 52-week range?

The year's floor is $15.37 and the ceiling $34.10. Shares are 7.2% away from that ceiling.

Does CVE send cash back through a dividend?

It does. Payouts over the past twelve months work out to a 1.83% yield; the latest ex-dividend date was September 15, 2026.

What is the analyst view on Cenovus Energy?

Of 10 analysts, 90% say buy, 10% hold and 0% sell. Price targets average $37.48, with the most cautious at $35.36 and the most optimistic at $41.85.

What does Cenovus Energy do?

Cenovus is a Canadian integrated oil company producing oil sands crude, running refineries in Canada and the U.S., and holding a stake in Husky assets.

BeStock publishes market data and analysis for information only. Nothing here is investment advice or a solicitation to buy or sell any security. Quotes may be delayed and figures can contain errors; check primary sources before you trade. How we source and calculate these pages.

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