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Cenovus Energy (CVE)

(Delayed Data from NYSE)

$16.11 USD

-0.23 (-1.41%)

Updated Nov 8, 2024 04:00 PM ET

After-Market: $16.12 +0.01 (0.06%) 5:10 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
1	Strong Buy	24.10%
2	Buy	17.80%
3	Hold	9.50%
4	Sell	2.70%
5	Strong Sell	2.70%
S&P	500	11.20%

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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.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

B Value C Growth D Momentum B VGM

Industry Rank:

Bottom 5% (238 out of 251)

Industry: Oil and Gas - Integrated - Canadian

View All Zacks #1 Ranked Stocks

Zacks News

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

by Zacks Equity Research Published on April 03,2020

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

oil-energy

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

by Nilanjan Choudhury Published on April 03,2020

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 Published on April 03,2020

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 Published on April 01,2020

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 Published on March 24,2020

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 Published on March 20,2020

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 Published on March 18,2020

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.

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

by Nilanjan Choudhury Published on March 17,2020

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 Published on March 13,2020

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

oil-energy

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

by Zacks Equity Research Published on March 13,2020

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

CVENegative Net Change

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

by Kaibalya Pravo Dey Published on March 13,2020

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

Refiners to Gain From Oil Crash, Coronavirus Lockdown Eases

by Kaibalya Pravo Dey Published on March 12,2020

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

oil-energy

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

by Sanghamitra Saha Published on March 11,2020

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

energy
etfs

Global Oil Price War Begins: ETFs in Focus

by Sanghamitra Saha Published on March 11,2020

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.

etfs

Cenovus to Curb Capital Spending in Weak Pricing Environment

by Zacks Equity Research Published on March 11,2020

Cenovus Energy (CVE) is set to cut its 2020 capital spending and production guidance by 32% and 5%, respectively.

oil-energy

Oil & Gas Stock Roundup: Williams, Concho & Pioneer Natural Report Q4 Earnings

by Nilanjan Choudhury Published on February 26,2020

Premier Permian producers Pioneer Natural Resources (PXD) and Concho Resources (CXO) not only beat Q4 expectations but also boosted their quarterly dividends.

Cenovus' (CVE) Earnings and Revenues Miss Estimates in Q4

by Zacks Equity Research Published on February 18,2020

Lower margins from the refining and marketing businesses hurt Cenovus' (CVE) Q4 earnings.

oil-energy

Why Earnings Season Could Be Great for Cenovus (CVE)

by Zacks Equity Research Published on February 11,2020

Cenovus (CVE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings.

CVENegative Net Change

Is a Beat Likely for Antero Resources (AR) in Q4 Earnings?

by Zacks Equity Research Published on February 07,2020

Antero Resources' (AR) fourth-quarter earnings are expected to have been supported by higher production volumes.

What's in Store for Antero Midstream's (AM) Q4 Earnings?

by Zacks Equity Research Published on February 07,2020

Antero Midstream's (AM) fourth-quarter results are likely to been aided by increased compression volumes.

Is a Beat Likely for Viper Energy (VNOM) in Q4 Earnings?

by Zacks Equity Research Published on February 06,2020

Viper Energy Partners' (VNOM) fourth-quarter production is likely to have risen year over year, in turn boosting profit levels.