Cenovus Stock Today

CVE
 Stock
  

USD 17.33  0.29  1.70%   

Market Performance
0 of 100
Odds Of Distress
Less than 26
Cenovus Energy is trading at 17.33 as of the 11th of August 2022, a 1.70 percent up since the beginning of the trading day. The stock's lowest day price was 16.72. Cenovus Energy has about a 26 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Cenovus Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 12th of July 2022 and ending today, the 11th of August 2022. Please note, there could be an existing legal relationship between Cenovus Energy (CVE) and CONVERSE INC (CVEO1). Click here to learn more.
CUSIP
15135U109
Fiscal Year End
December
Business Domain
Energy
IPO Date
17th of November 2009
Category
Energy
Classification
Energy
ISIN
CA15135U1093
Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada. The company has 2.02 B outstanding shares of which 30.51 M shares are currently shorted by investors with about 2.72 days to cover. More on Cenovus Energy

Cenovus Energy Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Cenovus Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Cenovus Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Cenovus Energy generated a negative expected return over the last 90 days
Cenovus Energy has high historical volatility and very poor performance
Cenovus Energy was previously known as CENOVUS ENERGY INC and was traded on New York Stock Exchange under the symbol CVE-WS.
About 28.0% of the company shares are held by company insiders
On 30th of June 2022 Cenovus Energy paid $ 0.0812 per share dividend to its current shareholders
Latest headline from seekingalpha.com: Cenovus Energy Prepare For The Cash Flood - Seeking Alpha
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Cenovus Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Cenovus Energy's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
Older SymbolCVE-WS
Related EntityCVEO1 (CONVERSE INC)
CEOAlexander Pourbaix
Thematic IdeaPower Stocks (view all)
Fama & French Classification
Average Analyst Recommendation
Analysts covering Cenovus Energy report their recommendations after researching Cenovus Energy's financial statements, talking to executives and customers, or listening in on Cenovus Energy's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Cenovus Energy. The Cenovus consensus assessment is calculated by taking the average forecast from all of the analysts covering Cenovus Energy.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Cenovus Energy based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Cenovus Energy financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares1.7 BB
Significantly Down
Increasing
Slightly volatile
Net Cash Flow from Operations6.4 B5.9 B
Significantly Up
Increasing
Stable
Total Assets46.7 B54.1 B
Fairly Down
Increasing
Slightly volatile
Total Liabilities25.8 B30.5 B
Fairly Down
Increasing
Slightly volatile
Current Assets12.9 B12 B
Significantly Up
Increasing
Slightly volatile
Current Liabilities5.8 B7.3 B
Significantly Down
Increasing
Slightly volatile
Total Debt12.5 B15.4 B
Significantly Down
Increasing
Slightly volatile
Return on Average Assets0.01310.011
Fairly Up
Decreasing
Slightly volatile
Gross Margin0.190.222
Fairly Down
Decreasing
Slightly volatile
Asset Turnover0.710.865
Significantly Down
Decreasing
Stable
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Cenovus Energy's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Financial Strength
Cenovus Energy's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Cenovus Energy's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Cenovus Energy's financial leverage. It provides some insight into what part of Cenovus Energy's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Cenovus Energy's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Cenovus Energy deploys its capital and how much of that capital is borrowed.
Liquidity
Cenovus Energy cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 14.09 B in debt with debt to equity (D/E) ratio of 0.54, which is OK given its current industry classification. Cenovus Energy has a current ratio of 1.7, which is typical for the industry and considered as normal. Debt can assist Cenovus Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Cenovus Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cenovus Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cenovus to invest in growth at high rates of return. When we think about Cenovus Energy's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

6.39 Billion
Cenovus Energy (CVE) is traded on New York Stock Exchange in USA. It is located in 225, 6 Avenue South West and employs 5,938 people. Cenovus Energy was previously known as CENOVUS ENERGY INC and was traded on New York Stock Exchange under the symbol CVE-WS. Cenovus Energy is listed under Petroleum and Natural category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with total capitalization of 32.48 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Cenovus Energy's market, we take the total number of its shares issued and multiply it by Cenovus Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Cenovus Energy runs under Energy sector within Oil & Gas Integrated industry. The entity has 2.02 B outstanding shares of which 30.51 M shares are currently shorted by investors with about 2.72 days to cover. Cenovus Energy has about 3.69 B in cash with 8.67 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.91.
Check Cenovus Energy Probability Of Bankruptcy
Ownership
Cenovus Energy holds a total of two billion twenty million outstanding shares. Over half of Cenovus Energy outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulation than regular investors in Cenovus Energy. Please watch out for any change in the institutional holdings of Cenovus Energy as this could mean something significant has changed or about to change at the company. Please note that no matter how much assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check Cenovus Ownership Details

Cenovus Stock Price Odds Analysis

What are Cenovus Energy's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Cenovus Energy jumping above the current price in 90 days from now is about 82.79%. The Cenovus Energy probability density function shows the probability of Cenovus Energy stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.2884 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Cenovus Energy will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Cenovus Energy is significantly underperforming DOW.
  Odds Below 17.33HorizonTargetOdds Above 17.33
17.13%90 days
 17.33 
82.79%
Based on a normal probability distribution, the odds of Cenovus Energy to move above the current price in 90 days from now is about 82.79 (This Cenovus Energy probability density function shows the probability of Cenovus Stock to fall within a particular range of prices over 90 days) .

Cenovus Energy Historical Income Statement

Cenovus Energy Income Statement is one of the three primary financial statements used for reporting Cenovus's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Cenovus Energy revenue and expense. Cenovus Energy Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Cenovus Energy Earning Before Interest and Taxes EBIT is projected to decrease significantly based on the last few years of reporting. The past year's Earning Before Interest and Taxes EBIT was at 2.4 Billion. The current year Gross Profit is expected to grow to about 11.1 B, whereas Interest Expense is forecasted to decline to about 887.8 M. View More Fundamentals

Cenovus Stock Against Markets

Picking the right benchmark for Cenovus Energy stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Cenovus Energy stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Cenovus Energy is critical whether you are bullish or bearish towards Cenovus Energy at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cenovus Energy without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Cenovus Energy Corporate Directors

Cenovus Energy corporate directors refer to members of a Cenovus Energy board of directors. The board of directors generally takes responsibility for the Cenovus Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Cenovus Energy's board members must vote for the resolution. The Cenovus Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Steven Leer - Independent DirectorProfile
Valerie Nielsen - Independent DirectorProfile
Kin Fok - Non-Independent DirectorProfile
Ralph Cunningham - Independent DirectorProfile

Invested in Cenovus Energy?

You need to understand the risk of investing before taking a position in Cenovus Energy. The danger of trading Cenovus Energy is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cenovus Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cenovus Energy. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cenovus Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. Note that the Cenovus Energy information on this page should be used as a complementary analysis to other Cenovus Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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When running Cenovus Energy price analysis, check to measure Cenovus Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cenovus Energy is operating at the current time. Most of Cenovus Energy's value examination focuses on studying past and present price action to predict the probability of Cenovus Energy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Cenovus Energy's price. Additionally, you may evaluate how the addition of Cenovus Energy to your portfolios can decrease your overall portfolio volatility.
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Is Cenovus Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cenovus Energy. If investors know Cenovus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cenovus Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
10.12
Market Capitalization
33 B
Quarterly Revenue Growth YOY
0.8
Return On Assets
0.0975
Return On Equity
0.17
The market value of Cenovus Energy is measured differently than its book value, which is the value of Cenovus that is recorded on the company's balance sheet. Investors also form their own opinion of Cenovus Energy's value that differs from its market value or its book value, called intrinsic value, which is Cenovus Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cenovus Energy's market value can be influenced by many factors that don't directly affect Cenovus Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cenovus Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine Cenovus Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cenovus Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.