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CVE

Cenovus Energy Inc.

CVE

NYSE·Energy·Oil & Gas Integrated·Mkt cap $59.7B

$32.37

-1.30%

P/E

10.19

Mkt Cap

$59.7B

52-Wk Range

$15.63–$33.40

52-Week Range

$15.63 - $33.40

P/E

10.19

Fwd P/E

6.82

Beta

0.49

Div Yield

1.83%

Avg Vol

7.8M

Shares Out

1.9B

Mkt Cap

$59.7B

Price action

Price chart

Up 102.2% over the trailing year

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

Strong

+12.7% over 3m

Quality

Stable

Excellent business quality

Dividend

Modest

1.83% yield

Earnings track record

Latest print - beat on both lines

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

Next: Oct 30, 2026

Q3 26 RECAP

JUL 29, 2026

Reported EPS of $1.11 vs $1.11 consensus (0.0% surprise). Revenue of $14.6B vs $11.9B expected (+22.9%). Beat on both top and bottom lines.

EPS beat 0.0%
Rev beat +22.9%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Estimate

Actual

Q3 26

0.0%

Revenue trend · last 8Q

+3%

-16%

-7%

-28%

+19%

+35%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$10.5B

$11.2B

$10.4B

$9.5B

$13.2B

$10.9B

$12.4B

$12.7B

Margins · last 8Q

Gross

Operating

Profit

16.5%

Wall Street consensus

4 analysts · 75% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

75%

Hold

1

25%

Sell

0%

Median Price Target

Latest: UBS · Sep 2, 2026

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.