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How to buy Cenovus Energy stock (CVE)

Buy Cenovus Energy stock in 5 easy steps, view past price performance and learn what’s ahead for the company.

Cenovus Energy is an oil & gas integrated business based in the US. Cenovus Energy shares (CVE) are listed on the NYSE and all prices are listed in US Dollars. Cenovus Energy employs 6,925 staff and has a trailing 12-month revenue of around $53.3 billion.

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Cenovus Energy stock price (NYSE: CVE)

Use our graph to track the performance of CVE stocks over time.

Cenovus Energy shares at a glance

Information last updated 2024-06-30.
Latest market close$19.79
52-week range$14.43 - $21.64
50-day moving average $20.02
200-day moving average $18.68
Wall St. target price$23.84
PE ratio 11.1073
Dividend yield $0.56 (2.72%)
Earnings per share (TTM) $1.77

Is it a good time to buy Cenovus Energy stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Cenovus Energy price performance over time

Historical closes compared with the close of $19.79 from 2024-07-01

1 week (2024-06-26) 2.27%
1 month (2024-06-03) 1.18%
3 months (2024-04-03) -5.72%
6 months (2024-01-03) 16.34%
1 year (2023-07-03) 14.99%
2 years (2022-07-01) 4.43%
3 years (2021-07-02) 103.60%
5 years (2019-07-03) 130.83%

Is Cenovus Energy stock undervalued or overvalued?

Valuing Cenovus Energy stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cenovus Energy's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Cenovus Energy's P/E ratio

Cenovus Energy's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, Cenovus Energy shares trade at around 11x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Cenovus Energy's PEG ratio

Cenovus Energy's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.45. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Cenovus Energy's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Cenovus Energy's EBITDA

Cenovus Energy's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $10.8 billion.

The EBITDA is a measure of a Cenovus Energy's overall financial performance and is widely used to measure a its profitability.

Cenovus Energy financials

Revenue TTM $53.3 billion
Operating margin TTM 11.85%
Gross profit TTM $16 billion
Return on assets TTM 7.17%
Return on equity TTM 16.11%
Profit margin 8.72%
Book value $15.66
Market Capitalization $36.7 billion

TTM: trailing 12 months

Cenovus Energy share dividends

18%

Dividend payout ratio: 18.06% of net profits

Recently Cenovus Energy has paid out, on average, around 18.06% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.72% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Cenovus Energy shareholders could enjoy a 2.72% return on their shares, in the form of dividend payments. In Cenovus Energy's case, that would currently equate to about $0.56 per share.

While Cenovus Energy's payout ratio might seem low, this can signify that Cenovus Energy is investing more in its future growth.

Cenovus Energy's most recent dividend payout was on 27 June 2024. The latest dividend was paid out to all shareholders who bought their shares by 13 June 2024 (the "ex-dividend date").

Cenovus Energy share price volatility

Over the last 12 months, Cenovus Energy's shares have ranged in value from as little as $14.4326 up to $21.6374. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Cenovus Energy's is 2.72. This would suggest that Cenovus Energy's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Cenovus Energy overview

Cenovus Energy Inc. , together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U. S. Refining segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segment assets include Foster Creek, Christina Lake, and Sunrise projects, as well as Lloydminster thermal and conventional heavy oil assets.

Frequently asked questions

What percentage of Cenovus Energy is owned by insiders or institutions?
Currently 31.498% of Cenovus Energy shares are held by insiders and 55.218% by institutions.
How many people work for Cenovus Energy?
Latest data suggests 6,925 work at Cenovus Energy.
When does the fiscal year end for Cenovus Energy?
Cenovus Energy's fiscal year ends in December.
Where is Cenovus Energy based?
Cenovus Energy's address is: 4100, 225 ? 6 Avenue SW, Calgary, AB, Canada, T2P 0M5
What is Cenovus Energy's ISIN number?
Cenovus Energy's international securities identification number is: CA15135U1093
What is Cenovus Energy's CUSIP number?
Cenovus Energy's Committee on Uniform Securities Identification Procedures number is: 15135U109

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