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Cenovus Energy (CVE)

(Real Time Quote from BATS)

$19.70 USD

19.70
265,598

-0.06 (-0.30%)

Updated Jul 26, 2024 10:20 AM 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

Nilanjan Choudhury headshot

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

by Nilanjan Choudhury

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.

Ovintiv Sees 650 Job Cuts in Canada & US Amid Weak Oil Demand

by Zacks Equity Research

Ovintiv's (OVV) total workforce post redundancy is slimmed down to 2,100 with 1,900 employees and 200 contractors.

Cenovus (CVE) Up 20.1% Since Last Earnings Report: Can It Continue?

by Zacks Equity Research

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

Why Has Cenovus Energy (CVE) Rallied 18.8% Since Q1 Earnings?

by Zacks Equity Research

The coronavirus pandemic made quite a brutal impact on Cenovus Energy's (CVE) Q1 earnings.

Cenovus Energy (CVE) Reports Q1 Loss, Lags Revenue Estimates

by Zacks Equity Research

Cenovus (CVE) delivered earnings and revenue surprises of -278.95% and -7.31%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Cenovus Energy (CVE) to Report Q1 Earnings: What's in Store?

by Zacks Equity Research

Although weak crude prices are likely to have hurt Cenovus Energy's (CVE) Q1 earnings, higher production is expected to have lent support.

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

by Zacks Equity Research

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.

Cenovus Energy (CVE) in Focus: Stock Moves 7.3% Higher

by Zacks Equity Research

Cenovus Energy (CVE) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.

Here's Why You Should Hold on to Cenovus (CVE) Stock Now

by Zacks Equity Research

Cenovus (CVE) expects to reduce its oil sands operations' sustaining costs to C$2.60 per barrel in 2020.

Ovintiv Slashes Capex Twice in a Month, Betters Oil Hedges

by Zacks Equity Research

Ovintiv (OVV) ensures strong cash-flow generation by streamlining oil hedges.

Implied Volatility Surging for Cenovus (CVE) Stock Options

by Zacks Equity Research

Investors need to pay close attention to Cenovus (CVE) stock based on the movements in the options market lately.

Cenovus Curbs Capex for 2nd Time, Defers Dividend, Up 23.6%

by Zacks Equity Research

Cenovus Energy (CVE) expects to reduce its oil sands operations' sustaining costs to C$2.60 per barrel in 2020.

Nilanjan Choudhury headshot

The Keystone XL Deal Explained: Here's What You Need To Know

by Nilanjan Choudhury

The long-delayed pipeline has encountered significant regulatory, legal and environmental setbacks over the years.

Stock Market News for Apr 3, 2020

by Zacks Equity Research

Stocks closed higher on Thursday, largely driven by President Donald Trump's tweet about the possibility of a massive reduction in oil production ahead.

Imperial Oil (IMO) Slashes 2020 Capex Amid Depressed Prices

by Zacks Equity Research

Imperial Oil (IMO) reduces 2020 capital spending in response to the recent weakness in commodity prices.

Suncor Energy Limits 2020 Capex by 26%, Lowers Output Guidance

by Zacks Equity Research

Suncor Energy (SU) trimmed its 2020 capital spending guidance by nearly 26% due to an unexpected drop in oil prices and bleak global demand on account of the coronavirus outbreak.

Parsley Energy Slashes 2020 Capex by 40%, Expects $225M FCF

by Zacks Equity Research

Taking the current market volatility into account, Parsley Energy's (PE) executive heads plan to cut their respective annual cash compensations by at least 50% from the prior- year level.

Concho Resources Endures Weak Oil Price, Trims Capex to $2B

by Zacks Equity Research

Concho Resources' (CXO) success in sustaining a solid financial base in 2019 with $2.1 billion of liquidity and no near-term debt maturities is pleasing to investors' ears.

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup: Capex & Dividend Cuts Continue in the Hard-Hit Sector

by Nilanjan Choudhury

In order to cope with the downward spiral in oil prices, the likes of Occidental Petroleum (OXY) and Apache (APA) slashed their dividend payouts.

The Zacks Analyst Blog Highlights: Cenovus, Matador, Valero, Phillips 66 and Exxon Mobil

by Zacks Equity Research

The Zacks Analyst Blog Highlights: Cenovus, Matador, Valero, Phillips 66 and Exxon Mobil

Cenovus (CVE) Down 70.9% Since Last Earnings Report: Can It Rebound?

by Zacks Equity Research

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

Kaibalya Pravo Dey headshot

Price Crash Forces U.S. Oil Companies to Slash Budgets

by Kaibalya Pravo Dey

While plunging oil prices force U.S. producers to take a step back, it can lead to balance sheet strength and increasing financial flexibilities.

Kaibalya Pravo Dey headshot

Refiners to Gain From Oil Crash, Coronavirus Lockdown Eases

by Kaibalya Pravo Dey

Low crude price is good for refining and marketing companies as it reduces production costs and expenses.

Sanghamitra Saha headshot

Oil Firms May Cut Dividends Ahead: ETFs & Stocks in Focus

by Sanghamitra Saha

If oil prices slip to around $20, we might see several dividend cuts in the space.

Sanghamitra Saha headshot

Global Oil Price War Begins: ETFs in Focus

by Sanghamitra Saha

Declining demand and OPEC+ producers' inability to crack an output cut deal dragged down oil prices and triggered a price war. These ETFs should be watched closely.