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Cenovus Energy (CVE)

(Delayed Data from NYSE)

$19.76 USD

19.76
6,037,419

+0.34 (1.75%)

Updated Jul 25, 2024 04:00 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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5-Strong Sell of 5         5

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value B Growth B Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 8% (231 out of 250)

Industry: Oil and Gas - Integrated - Canadian

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Zacks News

Canadian Natural (CNQ) to Buy Storm's Montney Assets for C$960M

by Zacks Equity Research

With this agreement, Canadian Natural (CNQ) continues to expand its footprint in the Montney natural gas formation in northern Alberta and British Columbia.

New Strong Buy Stocks for November 12th

by Zacks Equity Research

ETD, MATX, TMST, CVE, and YELP have been added to the Zacks Rank #1 (Strong Buy) List on November 12th.

Cenovus Energy (CVE) Gains 9.7% Despite Q3 Earnings Miss

by Zacks Equity Research

Higher daily oil sand production aids Cenovus Energy's (CVE) Q3 earnings.

Sinopec (SNP) Begins Operations at China Gas Storage Facility

by Zacks Equity Research

Sinopec's (SNP) Wei 11 gas storage facility is the largest underground natural gas storage cluster in north China, with a storage capacity of 10.03 bcm.

Cenovus (CVE) Jumps 30.7% in 6 Months: More Room to Run?

by Zacks Equity Research

Cenovus Energy's (CVE) restructuring of its stakes in the Atlantic region with respective partners in Terra Nova and White Rose projects is likely to improve the company's economics.

Canadian Natural (CNQ) Requires COVID-19 Vaccinations for Workers

by Zacks Equity Research

Canadian Natural (CNQ) requires workers and contractors at Canada sites to receive COVID-19 vaccinations by Dec 1, since Alberta copes with a deadly new wave of the virus.

Suncor (SU) Restructures Deal for 2 Offshore Canada Projects

by Zacks Equity Research

Suncor (SU) will increase its interest in the Terra Nova offshore oil project to 48% from about 38%. It also agrees to increase its ownership stake in the White Rose oilfield asset.

Cenovus (CVE) Eyes Atlantic Assets Rejig, $10B Net Debt

by Zacks Equity Research

The restructuring move from Cenovus (CVE) is likely to make its upstream portfolio more profitable and free up some capital, which can be allocated more efficiently toward producing assets.

Imperial Oil (IMO) to Make Renewable Diesel Plant at Strathcona

by Zacks Equity Research

Imperial Oil's (IMO) renewable diesel project to trim emissions in the Canadian transportation space by around 3 million tons a year. This is like removing almost 650,000 passenger vehicles for a year.

Cenovus Energy (CVE) Slips 4% as Q2 Earnings Miss Estimates

by Zacks Equity Research

A significant increase in transportation and blending expenses hurts Cenovus Energy's (CVE) Q2 earnings.

Cenovus (CVE) to Purchase Solar Power From New Alberta Facility

by Zacks Equity Research

The project is helping Cenovus (CVE) to proceed with two of its ESG focus areas by addressing climate change and greenhouse gas emissions.

Cenovus (CVE): Strong Industry, Solid Earnings Estimate Revisions

by Zacks Equity Research

Cenovus (CVE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Canada's Oil Sands Producers Sign Up for 2050 Zero Emission

by Zacks Equity Research

The tie-up between Suncor (SU) and other Canadian oil sands producers follows the grant of sizeable sops for emission-reduction project and infrastructure by the administration of Canada and Alberta.

Shell (RDS.A) to Fast Track Emission Cut Post Court Ruling

by Zacks Equity Research

The Dutch court in a major sentence delivery on a climate feud raised by environmentalists orders Shell (RDS.A) to trim carbon emissions by 45% within 2030 from its 2019 reading.

ConocoPhillips (COP) Jumps 8.3% MTD: More Room for Upside Left?

by Zacks Equity Research

Higher oil price is aiding ConocoPhillips' (COP) upstream business.

Cenovus (CVE) Divests Marten Hills Royalty Interest to Topaz

by Zacks Equity Research

Cenovus Energy (CVE) receives gross cash proceeds of C$102 million from the latest divestment.

Cenovus (CVE) Declines 3.1% Since Q1 Earnings Miss Estimates

by Zacks Equity Research

Severe winter in parts of the United States hurts Cenovus (CVE) in the first quarter.

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup: A Look at COP, EOG, PXD, MPC & WMB Q1 Earnings

by Nilanjan Choudhury

Energy operators ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Marathon Petroleum (MPC) and The Williams Companies (WMB) turned in a better-than-expected first-quarter bottom-line performance.

ConocoPhillips (COP) Q1 Earnings Beat on Higher Crude Output

by Zacks Equity Research

ConocoPhillips (COP) expects full-year 2021 production to be 1.5 million barrels of oil equivalent per day.

Cenovus (CVE) Sets Climate Targets to Attain Carbon Neutrality

by Zacks Equity Research

Cenovus (CVE) sets new targets of reaching net-zero emissions, while sticking to its core oil and gas business, to win over eco-minded investors.

Cenovus (CVE) Halts Husky Retail Fuel Station Sale: Here's Why

by Zacks Equity Research

Cenovus Energy (CVE) expects higher commodity prices to omit the requirement of divesting assets.

Cenovus Energy (CVE): Strong Industry, Solid Earnings Estimate Revisions

by Zacks Equity Research

Cenovus Energy (CVE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Diamondback (FANG) Concludes Takeover Deal With QEP Resources

by Zacks Equity Research

Diamondback's (FANG) buyout pact with QEP Resources provides the latter's shareholders with 0.05 shares of its common stock for each share held.

Why Cenovus (CVE) Stock Might be a Great Pick

by Zacks Equity Research

Cenovus (CVE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup: A Look at TOTAL, Equinor & Cenovus Q4 Earnings & More

by Nilanjan Choudhury

The highlights for the week include TechnipFMC's (FTI) massive contract win and ExxonMobil's (XOM) decision to shut a refinery in Australia.