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Cenovus Energy (CVE)

(Delayed Data from NYSE)

$18.54 USD

18.54
7,113,277

-0.41 (-2.16%)

Updated Aug 30, 2024 04:00 PM ET

After-Market: $18.52 -0.02 (-0.11%) 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 Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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3-Hold of 5     3    

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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A Value A Growth C 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

Top 38% (95 out of 251)

Industry: Oil and Gas - Integrated - Canadian

Better trading starts here.

Zacks News

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.

    Nilanjan Choudhury headshot

    Oil & Gas Stock Roundup: Cheniere Starts Korea Gas Export, Jones Energy Sells Non-Core Assets

    It was a week where oil prices plunged into bear territory amid continued U.S. production boom, while natural gas futures slipped below the psychologically important $3 threshold.

      Cenovus Hit by CEO Retirement, ConocoPhillips Deal Plans

      Shares Cenovus Energy Inc (CVE) fell 8.6% to eventually close at $7.12 on Jun 20 amid the announcement of the retirement of the company's CEO along with the much criticized deal with ConocoPhillips.

        Enbridge (ENB) JV Alliance Pipeline Announces Force Majeure

        Enbridge (ENB) and Calgary-based energy infrastructure company Veresen's joint venture, Alliance Pipeline, recently announced force majeure on its export pipeline connecting Chicago.

          Canada Oil Sands Likely to See More Chinese Investment

          Canada is encouraging Chinese companies to invest in its oil sands.

            Apache (APA) Offloads Canadian Light Oil Assets Worth $244M

            Apache Corporation (APA) is selling its Canadian light oil assets to Calgary-based Cardinal Energy Ltd. for C$330 million ($244 million).

              ConocoPhillips Concludes Asset Divestment to Cenovus Energy

              ConocoPhillips (COP) recently announced that it has concluded its earlier announced transaction with Cenovus Energy Inc. (CVE) pertaining to the divestment of the company's 50% non-operated interest in the Foster Creek Christina Lake ("FCCL") oil sands partnership as well as the majority of its western Canada Deep Basin gas assets.

                Cabot (COG) Beats on Earnings, Revenue Estimates in Q1

                Cabot Oil & Gas Corp. (COG) reported first quarter earnings per share -- adjusted for special items -- of 19 cents, surpassing the Zacks Consensus Estimate of 16 cents.

                  Nabors (NBR) Misses on Q1 Earnings, Revenue Estimates

                  Nabors Industries Ltd. reported first-quarter 2017 adjusted loss from continuing operations of 49 cents per share, wider than the Zacks Consensus Estimate of a loss of 34 cents on Apr 26.

                    Suncor (SU) Beats on Q1 Earnings, Revenues Miss Estimates

                    Suncor Energy Inc. (SU) reported first-quarter 2017 operating earnings per share of 37 U.S. cents, which beat the Zacks Consensus Estimate of 23 U.S. cents.

                      Nilanjan Choudhury headshot

                      Marathon Petroleum (MPC) Earnings Surprise in Q1, Sales Lag

                      Refiner Marathon Petroleum (MPC) reported a surprise profit for its first quarter, thanks in part to its fast-growing pipeline segment.

                        Nilanjan Choudhury headshot

                        TechnipFMC (FTI) Q1 Earnings Beat, Announces Stock Buyback

                        Oil drilling equipment maker TechnipFMC (FTI) beat earnings expectations and announced a $500 million stock-repurchase plan.

                          Nilanjan Choudhury headshot

                          National Oilwell Varco (NOV) Q1 Loss Narrower than Expected

                          Energy equipment supplier National Oilwell Varco's (NOV) first-quarter loss came in narrower-than-expected as it gained from the reactivation of North American rigs.

                            Helmerich & Payne (HP) Posts Wider-Than-Expected Loss in Q2

                            Helmerich & Payne Inc. (HP) reported net operating loss per share for the fiscal second quarter of 2017 -- excluding special items -- of 47 cents, wider than the Zacks Consensus Estimate of a loss of 41 cents.

                              Hess Corp (HES) Reports Wider-than-Expected Loss in Q1

                              Hess Corporation (HES) reported adjusted first-quarter 2017 loss from continuing operations of $1.07 per share, wider than the Zacks Consensus Estimate of a loss of $1.06.

                                Cenovus Shareholder Tries to Impede Deal with ConocoPhillips

                                A shareholder of Cenovus Energy Inc. (CVE) has asked the Ontario Securities Commission to halt the company's $12.6 billion purchase of certain Canadian assets from independent oil producer ConocoPhillips (COP).

                                  McDermott (MDR) Q1 Earnings Beat, Revenues Miss Estimates

                                  McDermott International Inc. (MDR) reported earnings of 8 cents per share in first-quarter 2017, higher than the Zacks Consensus Estimate of 1 cent.

                                    Range Resources (RRC) Q1 Earnings & Revenues Beat Estimates

                                    Range Resources Corporation's (RRC) first quarter 2017 adjusted profit of 69 cents a share comfortably surpassed the Zacks Consensus Estimate of earnings of 18 cents.

                                      Baker Hughes (BHI) Incurs Narrower-Than-Expected Loss in Q1

                                      Baker Hughes Incorporated (BHI) incurred narrower-than-expected loss in first-quarter 2017.

                                        TransCanada (TRP) Sells 13 Hydroelectric Generation Assets

                                        TransCanada Corporation (TRP) recently completed the sale of 13 hydroelectric generation assets to renewable energy investor ArcLight Capital Partners, LLC's affiliate, Great River Hydro, LLC.

                                          Suncor Syncrude Project to Be Fully Operational June Onward

                                          Suncor Energy Inc. (SU) announced that the Syncrude oil sands project in Canada will resume production at its full potential by the end of June.

                                            Core Laboratories (CLB) Tops Earnings and Revenues in Q1

                                            Core Laboratories N.V. (CLB) reported first-quarter 2017 adjusted diluted earnings of 42 cents per share, surpassing the Zacks Consensus Estimate of 39 cents.

                                              Eni Announces Temporary Shut Down Val d'Agri Oil Centre

                                              Eni SpA (E) recently announced its plans to temporarily shut down the Val d'Agri Oil Centre. In fact, the company has already begun the procedures for plant closure.

                                                Williams Partners Sells Stake in Williams Olefins for $2.1B

                                                Williams Partners L.P. (WPZ) recently announced that it has agreed to divest 100% of its membership interest in Williams Olefins LLC, to NOVA Chemicals for $2.1 billion in cash

                                                  ConocoPhillips Divests San Juan Basin Assets for $3 Billion

                                                  ConocoPhillips recently entered into a definitive agreement to divest its interest in the San Juan Basin to an affiliate of Hilcorp Energy Company for about $3 billion of total proceeds.