Cenovus Energy (CVE)
(Real Time Quote from BATS)
$18.44 USD
-0.51 (-2.69%)
Updated Aug 30, 2024 12:14 PM ET
3-Hold of 5 3
A Value A Growth C Momentum A VGM
Company Summary
Calgary, Canada-based Cenovus Energy Inc. is a leading integrated energy firm. Starting from pumping out oil from its oil sands projects in Canada, the company’s operations comprise marketing the produced oil, natural gas and natural gas liquids (NGLs). Cenovus’ entire operation of oil and gas production is concentrated in Canada, within the provinces of Alberta and British Columbia. The company supplies oil to the Gulf Coast of the United States through the Enbridge Flanagan South pipeline.
At 2023-end, the company had oil equivalent proved reserves of 5.9 billion barrels, down from the ...
Company Summary
Calgary, Canada-based Cenovus Energy Inc. is a leading integrated energy firm. Starting from pumping out oil from its oil sands projects in Canada, the company’s operations comprise marketing the produced oil, natural gas and natural gas liquids (NGLs). Cenovus’ entire operation of oil and gas production is concentrated in Canada, within the provinces of Alberta and British Columbia. The company supplies oil to the Gulf Coast of the United States through the Enbridge Flanagan South pipeline.
At 2023-end, the company had oil equivalent proved reserves of 5.9 billion barrels, down from the previous year’s 6.1 billion barrels. Based on working interest production, the estimated proved reserves life index was more than 21 years. In 2023, the company produced 778.7 thousand barrels of oil equivalent per day, of which 82% was liquids. Output declined year over year.
The company primarily operates through three segments: Oil Sands, Conventional, and Downstream.
Oil Sands: This segment incorporates development and production of bitumen in northeast Alberta. The bitumen assets are located in Foster Creek, Christina Lake and Narrows Lake. Several other bitumen projects are on the way. In 2023, the company’s Oil Sands segment reported operating margin of C$8,169 million.
Conventional: This segment incorporates almost 2.8 million net acres of land primarily in the Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas, which are rich in natural gas and belongs to the Alberta and British Columbia provinces. The segment recorded operating margin of C$583 million in 2023.
Downstream: This segment incorporates the company's operations related to Canadian Manufacturing and U.S. Manufacturing activities. From the Canadian Manufacturing unit, the company reported operating margin of C$675 million, up from C$699 million in 2022.
General Information
Cenovus Energy Inc
225 - 6 AVENUE S.W. P.O. BOX 766
CALGARY, A0 T2P 1N2
Phone: 403-766-2000
Fax: 403-766-7600
Email: investor.relations@cenovus.com
Industry | Oil and Gas - Integrated - Canadian |
Sector | Oils-Energy |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 11/7/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 0.53 |
Current Year EPS Consensus Estimate | 1.85 |
Estimated Long-Term EPS Growth Rate | NA |
Exp Earnings Date | 11/7/2024 |
Price and Volume Information
Zacks Rank | ![]() |
Yesterday's Close | 18.95 |
52 Week High | 21.90 |
52 Week Low | 14.69 |
Beta | 2.07 |
20 Day Moving Average | 7,166,465.00 |
Target Price Consensus | 24.06 |
4 Week | 0.53 |
12 Week | -0.58 |
YTD | 13.81 |
4 Week | -2.08 |
12 Week | -4.83 |
YTD | -2.92 |
Shares Outstanding (millions) | 1,855.91 |
Market Capitalization (millions) | 35,169.54 |
Short Ratio | 1.00 |
Last Split Date | NA |
Dividend Yield | 2.79% |
Annual Dividend | $0.53 |
Payout Ratio | 0.28 |
Change in Payout Ratio | -0.07 |
Last Dividend Payout / Amount | 6/14/2024 / $0.13 |
Fundamental Ratios
P/E (F1) | 10.26 |
Trailing 12 Months | 10.19 |
PEG Ratio | NA |
vs. Previous Year | 18.18% |
vs. Previous Quarter | -15.22% |
vs. Previous Year | 19.47% |
vs. Previous Quarter | 9.47% |
Price/Book | 1.63 |
Price/Cash Flow | 5.47 |
Price / Sales | 0.85 |
6/30/24 | 16.61 |
3/31/24 | 16.53 |
12/31/23 | 14.85 |
6/30/24 | 8.73 |
3/31/24 | 8.56 |
12/31/23 | 7.61 |
6/30/24 | 1.66 |
3/31/24 | 1.70 |
12/31/23 | 1.56 |
6/30/24 | 1.00 |
3/31/24 | 1.01 |
12/31/23 | 0.91 |
6/30/24 | 8.56 |
3/31/24 | 8.73 |
12/31/23 | 7.88 |
6/30/24 | 8.56 |
3/31/24 | 8.73 |
12/31/23 | 7.88 |
6/30/24 | 11.19 |
3/31/24 | 11.24 |
12/31/23 | 9.65 |
6/30/24 | 11.62 |
3/31/24 | 11.65 |
12/31/23 | 11.16 |
6/30/24 | 8.63 |
3/31/24 | 7.74 |
12/31/23 | 7.14 |
6/30/24 | 0.25 |
3/31/24 | 0.25 |
12/31/23 | 0.25 |
6/30/24 | 19.50 |
3/31/24 | 19.55 |
12/31/23 | 19.84 |