Cenovus Energy Stock Today
| CVE Stock | USD 18.27 0.43 2.41% |
Performance0 of 100
| Odds Of DistressLess than 6
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Cenovus Energy is trading at 18.27 as of the 5th of October 2024, a 2.41 percent increase since the beginning of the trading day. The stock's lowest day price was 17.77. Cenovus Energy has only a 6 % chance of going through financial distress over the next few years, 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 6th of August 2024 and ending today, the 5th of October 2024. Click here to learn more.
Business Domain Energy | IPO Date 17th of November 2009 |
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 1.86 B outstanding shares of which 27.15 M shares are currently shorted by investors with about 1.78 days to cover. More on Cenovus Energy
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Moving against Cenovus Stock
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Cenovus Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO | Alexander Pourbaix | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Oil, Gas & Consumable Fuels, Oil & Gas Integrated, Energy, NYSE Composite, Power Assets, Petroleum and Natural Gas, Energy, Oil, Gas & Consumable Fuels, Oil & Gas Integrated, Energy (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsCenovus Energy can leverage 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.
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Cenovus Energy (CVE) is traded on New York Stock Exchange in USA. It is located in 4100, 225 ? 6 Avenue SW, Calgary, AB, Canada, T2P 0M5 and employs 6,925 people. Cenovus Energy is listed under Oil, Gas & Consumable Fuels category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 33.21 B. Cenovus Energy runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 1.86 B outstanding shares of which 27.15 M shares are currently shorted by investors with about 1.78 days to cover.
Cenovus Energy has about 3.69 B in cash with 7.39 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 AllocationCenovus Energy holds a total of 1.86 Billion outstanding shares. Over half of Cenovus Energy's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Please note that no matter how many 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.
Check Cenovus Ownership Details
Cenovus Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Bmo Capital Markets Corp. | 2024-06-30 | 15.5 M | |
| Millennium Management Llc | 2024-06-30 | 15.1 M | |
| Goldman Sachs Group Inc | 2024-06-30 | 15 M | |
| Cibc Global Asset Management Inc | 2024-06-30 | 15 M | |
| Connor Clark & Lunn Inv Mgmt Ltd | 2024-06-30 | 13 M | |
| 1832 Asset Management L.p | 2024-06-30 | 12.5 M | |
| Mackenzie Investments | 2024-06-30 | 11.2 M | |
| Smead Capital Management Inc | 2024-06-30 | 11.1 M | |
| Bank Of America Corp | 2024-06-30 | 10.7 M | |
| Capital World Investors | 2024-06-30 | 125.4 M | |
| Capital Research Global Investors | 2024-06-30 | 88.4 M |
Cenovus Energy Historical Income Statement
Cenovus Stock Against Markets
Cenovus Energy Corporate Directors
| Steven Leer | Independent Director | Profile | |
| Kin Fok | Non-Independent Director | Profile | |
| Susan Dabarno | Independent Director | Profile | |
| Jane Kinney | Independent Director | Profile |
Additional Information and Resources on Investing in Cenovus Stock
When determining whether Cenovus Energy is a strong investment it is important to analyze Cenovus Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cenovus Energy's future performance. For an informed investment choice regarding Cenovus Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenovus Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Is Oil, Gas & Consumable Fuels space 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 0.205 | Dividend Share 0.6 | Earnings Share 1.86 | Revenue Per Share 29.871 | Quarterly Revenue Growth 0.217 |
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 if Cenovus Energy is a good investment 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.