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CVE

Cenovus Energy Inc.

CVE

NYSE·Energy·Oil & Gas Integrated·Mkt cap $45.7B

$24.65

▲ +0.61%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$13.86 - $32.07

P/E

10.29

Fwd P/E

7.00

Beta

0.51

Div Yield

2.33%

Avg Vol

8.6M

Shares Out

1.9B

Mkt Cap

$45.7B

Price action

Price chart

Up 71.9% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • Large, long-life asset base in Canadian Oil Sands with established projects
  • Integrated business model combining upstream production with downstream refining and retail
  • Manufacturing and upgrading capabilities that add value to crude production
  • Operational expertise and cost efficiency in heavy oil extraction and processing
▼

Bear Case

1 risk

  • Low volatility (beta 0.5).

Growth

Moderate growth ahead

Increased global energy demand and crude oil pricing recovery

Value

Attractively priced below Integrated Oil & Gas peer average

Momentum

Weak

-7.8% over 3m

Quality

Thin

Excellent business quality

Dividend

Solid

2.33% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Jul 30, 2026

“
Q2 26 RECAP

MAY 6, 2026

Reported EPS of $0.61 vs $0.56 consensus (+8.9% surprise). Revenue of $10.8B vs $9.5B expected (+14.0%). Beat on both top and bottom lines.

EPS beat +8.9%
Rev beat +14.0%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+8.9%

Next: Jul 30, 2026

Revenue trend · last 8Q

—

—

—

+3%

-16%

-7%

-28%

+19%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$11.4B

$10.5B

$11.2B

$10.4B

$9.5B

$13.2B

$10.9B

$12.4B

Margins · last 8Q

Gross

21.9%

Operating

18.6%

Profit

12.7%

View full earnings history →

Wall Street consensus

2 analysts · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

100%

Hold

0%

Sell

0%

Median Price Target

$36.00

▲ +46.0% vs $24.65

Low $36.00
Median $36.00
High $36.00

Latest: RBC Capital · May 19, 2026

1 analyst covering

View full analyst page →

vs Industry

How CVE stacks vs Oil & Gas Integrated

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.