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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

After-Market: $19.76 0.00 (0.00%) 7:58 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 A 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 4% (239 out of 250)

Industry: Oil and Gas - Integrated - Canadian

Better trading starts here.

Zacks News

Cenovus Energy (CVE) Q4 Earnings Lag, '21 Capital Budget Set

Lower contributions from oil sands operations hurt Cenovus Energy's (CVE) Q4 earnings.

Cenovus (CVE) Jumps 61.4% in 3 Months: More Room to Run?

Cenovus Energy's (CVE) strategic acquisition of Husky Energy has created the third-biggest energy producer in Canada.

Suncor Energy (SU) Resumes Fort Hills Operations After a Mishap

Suncor Energy (SU) recommences its Fort Hills oil sands mine activity, which was stalled after it suffered a recent mine disaster at the site, which killed two laborers of Clearstream Mining.

Suncor (SU) Projects C$425M White Rose Asset Write-Down for Q4

Suncor Energy (SU) foresees a write-down of nearly C$425 million for fourth-quarter 2020 on its share of the White Rose asset and West White Rose Project as the prospect of the project seems in limbo.

Cenovus (CVE) Closes All-Stock Merger Deal With Husky Energy

Cenovus (CVE) expects the combined entity to have a production capacity of 750,000 Boe/d.

Nilanjan Choudhury headshot

Energy M&A: 5 Biggest Deals of 2020 & the Outlook for 2021

Big energy companies, such as Chevron (CVX), Pioneer Natural (PXD), ConocoPhillips (COP), Cenovus Energy (CVE) and Devon Energy (DVN) recently acquired smaller firms with attractive asset bases.

Cenovus (CVE) Receives Shareholder Approval for Husky Takeover

Cenovus' (CVE) merger deal with Husky Energy has been approved by shareholders of both companies to generate yearly savings of $1.2 billion.

Cenovus (CVE) Wraps Up Divestment of Martin Hills Oil Assets

Cenovus (CVE) announces the completion of its Martin Hills asset sales to Headwater in a deal worth C$100 million.

Imperial Oil (IMO) to Face $0.9-$1.2B Impairment Charges in Q4

Imperial Oil's (IMO) write-down decision is in sync with its tactical approach to solely focus on lucrative constituents of its unconventional portfolio and key oil sands assets.

Imperial Oil (IMO) to Cut 200 Jobs as Coronavirus Hits Oil Demand

Imperial Oil (IMO) trims the headcount of contractors that it recruits by nearly 450 since the beginning of this year.

Cenovus (CVE) Gains 33% Even as Q3 Earnings Miss Estimates

Lower contributions from oil sands operations hurt Cenovus??? (CVE) third-quarter earnings.

Cenovus Energy (CVE) Reports Q3 Loss, Misses Revenue Estimates

Cenovus (CVE) delivered earnings and revenue surprises of -833.33% and -11.04%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Stock Market News for Oct 27, 2020

Wall Street closed sharply lower on Monday as new COVID-19 infections spiked to a record in the United States.

Cenovus (CVE) & Husky Deal to Create C$1.2B Annual Synergies

Cenovus Energy (CVE) is the third-largest hydrocarbon producer in Canada and its deal with Husky Energy is likely to enable it to decrease its output difference with the top two producers.

Analysts Estimate Cenovus Energy (CVE) to Report a Decline in Earnings: What to Look Out for

Cenovus (CVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

ConocoPhillips Completes $390 Million Montney Acquisition

With the latest acquisition, ConocoPhillips' (COP) Montney acreage holding has risen to 295,000 net acres, wherein it holds 100% working interest.

How Cenovus Energy (CVE) Stock Stands Out in a Strong Industry

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

Why Is Cenovus (CVE) Down 6% Since Last Earnings Report?

Cenovus (CVE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Is Cenovus Energy (CVE) a Great Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Cenovus (CVE) Q2 Earnings Beat on Higher Oil Production

Cenovus Energy's (CVE) second-quarter operating loss from the Conventional unit narrows year over year due to lower operating costs.

Cenovus Energy (CVE) Reports Q2 Loss, Lags Revenue Estimates

Cenovus (CVE) delivered earnings and revenue surprises of 43.18% and -20.26%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

ConocoPhillips Boosts Montney Footprint With $375M Acquisition

ConocoPhillips (COP) expects the acquisition of liquid-rich Montney acreage in British Columbia, Canada, to close in third-quarter 2020.

Cenovus Energy (CVE) to Report Q2 Earnings: What's in Store?

Lower hydrocarbon production and commodity prices are likely to have affected Cenovus Energy's (CVE) profit levels in the second quarter.

Cenovus Energy (CVE) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

Cenovus (CVE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Nilanjan Choudhury headshot

Work Finally Begins on Keystone XL: Is the Uncertainty Over?

The $8 billion development is aimed at transporting oil sands crude from Canada to a market hub in the U.S. (Nebraska) for eventual delivery to refineries in the Gulf Coast.