Cenovus Energy/$CVE
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Capital at risk
About Cenovus Energy
Cenovus Energy Inc is a Canadian integrated energy group. The group's upstream operations include oil sands projects in northern Alberta; thermal and conventional crude oil, natural gas, and natural gas liquids (NGLs) projects across Western Canada; crude oil production offshore Newfoundland and Labrador; and natural gas and NGLs production offshore China and Indonesia. Its downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada. The group's reportable segments are: Oil Sands, Conventional, Offshore, Canadian Refining, U.S Refining, and Corporate and Eliminations. Maximum revenue is generated from its Oil Sands segment. Geographically, the group derives maximum revenue from the U.S., followed by Canada and China.
- Ticker
- $CVE
- Sector
- Energy
- Primary listing
- NYSE
- Employees
- 7,211
- Headquarters
- Calgary, Canada
- Website
- www.cenovus.com
Cenovus Energy Metrics
BasicAdvanced
$60B
12.63
$2.59
0.50
$0.61
1.93%
Price and volume
Market cap
$60B
Beta
0.5
52-week high
$34.16
52-week low
$15.63
Average daily volume
6.9M
Dividend rate
$0.61
Financial strength
Current ratio
1.629
Quick ratio
1.036
Long term debt to equity
0.329
Total debt to equity
0.34
Dividend payout ratio (TTM)
22.91%
Interest coverage (TTM)
17.99%
Profitability
EBITDA (TTM)
10,261.849
Gross margin (TTM)
29.86%
Net profit margin (TTM)
12.37%
Operating margin (TTM)
16.57%
Effective tax rate (TTM)
20.31%
Revenue per employee (TTM)
$5,345,980
Management effectiveness
Return on assets (TTM)
9.22%
Return on equity (TTM)
20.93%
Valuation
Price to earnings (TTM)
12.632
Price to revenue (TTM)
1.559
Price to book
2.47
Price to tangible book (TTM)
2.7
Price to free cash flow (TTM)
11.245
Free cash flow yield (TTM)
8.89%
Free cash flow per share (TTM)
2.911
Dividend yield (TTM)
1.86%
Forward dividend yield
1.93%
Growth
Revenue change (TTM)
3.08%
Earnings per share change (TTM)
153.04%
3-year revenue growth (CAGR)
-1.31%
10-year revenue growth (CAGR)
17.29%
3-year earnings per share growth (CAGR)
22.49%
10-year earnings per share growth (CAGR)
14.62%
3-year dividend per share growth (CAGR)
12.95%
10-year dividend per share growth (CAGR)
6.92%
What the Analysts think about Cenovus Energy
Analyst ratings (Buy, Hold, Sell) for Cenovus Energy stock.
Analyst projections of the future price of Cenovus Energy stock.
Bulls say / Bears say
Cenovus delivered record oil sands output of 786,400 boe/d in Q2, raised its full-year production guidance by 25,000 boe/d and cut oil sands operating-cost guidance by about 6%, without raising its capital budget. That points to more output and lower unit costs from existing assets. (Cenovus Energy)
The Athabasca deal would add about 45,000 boe/d and more than 75 years of proved-plus-probable reserves at current output. Cenovus expects its oil-sands operating expertise to improve the acquired assets and support further growth. (Cenovus Energy)
Strong cash generation has supported both debt reduction and shareholder payouts: Cenovus returned C$1.4 billion in Q2 and aims to return about 75% of excess free cash flow while net debt is between C$4 billion and C$6 billion. The announced deal’s estimated pro forma debt of C$5.0–5.5 billion remains within that range. (Cenovus Energy, Cenovus Energy)
The Athabasca acquisition is expected to lift year-end net debt to C$5.0–5.5 billion, above Cenovus’s C$4 billion long-term target. The cash payment, of up to C$4.3 billion, therefore leaves the company needing further debt reduction after buying the assets. (Cenovus Energy)
Some of the deal’s growth upside depends on government changes that are not yet settled: accelerating Athabasca’s Corner project is contingent on Ottawa and Alberta finalising regulatory reforms and growth incentives. If those measures are delayed, planned development could take longer to deliver. (The Logic)
Cenovus’s refining business does not always cushion swings elsewhere: U.S. Refining market capture fell to 67% in Q2 from 114% in Q1, despite 96% refinery utilisation. The company attributed the drop to seasonal product-pricing effects and elevated domestic light-crude prices. (Cenovus Energy)
Data summarised monthly by Lightyear AI. Last updated on 13 Oct 2026.
Cenovus Energy Financial Performance
Revenues and expenses
Cenovus Energy Earnings Performance
Company profitability
Upcoming events
No upcoming events
Cenovus Energy News
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Funds containing Cenovus Energy
AllUSDEURGBP
Fund name | Fund size | $CVE weighting |
|---|---|---|
iShares MSCI Canada€SXR2 | $2.4B | 1.34% |
iShares MSCI Canada£CSCA | $2.4B | 1.34% |
SPDR MSCI World Energy£ENGW | $575M | 1.04% |
SPDR MSCI World Energy$WNRG | $575M | 1.04% |
Xtrackers MSCI World Energy$XDW0 | $1.9B | 1.04% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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