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Cenovus Energy Inc. (CVE)

Energy | Oil & Gas Integrated | Calgary, Canada | NYSE
31.58 USD -0.13 (-0.410%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 31.66 +0.08 (0.253%) ⇧ (Aug. 28, 2026, 7:56 p.m. EDT)
Short-term:★★★⯪☆Long-term:★★★☆☆Dividends:★★★☆☆
Hot Take ↕ | Aug. 22, 2026, 6:07 a.m. EDT

Cenovus presents a compelling value case where the market has punished the stock for recent operational headwinds, creating a disconnect between its attractive valuation and its underlying business quality. The company trades at a forward P/E of roughly 12.6x with a robust 20.9% return on equity and a payout ratio of just 23%, leaving ample room for dividend growth and share buybacks. While the price chart shows a trailing 12-month decline and the stock is currently hovering near its 52-week lows, the fundamentals remain solid with strong free cash flow generation and a 41.5% revenue growth trajectory. The recent dip appears to be a correction of an overextended rally rather than a fundamental breakdown. For investors seeking exposure to the energy sector, this offers a high-conviction entry point to acquire a cash-rich operator at a discount, though the immediate path may remain choppy as the market digests the recent performance.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.135438
AutoETS0.150294
AutoARIMA0.150294
MSTL0.168241

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 40%
H-stat 11.39
Ljung-Box p 0.000
Jarque-Bera p 0.374
Excess Kurtosis -0.83
Attribute Value
Sector Energy
Ex Dividend Date 2026-09-14
Last Dividend Date 2026-06-14
Debt to Equity Ratio 33.995
Revenue per Share 29.341
Market Cap 58,241,257,472
Trailing P/E 12.19
Forward P/E 12.01
Beta 0.50
Profit Margins 12.37%
Website https://www.cenovus.com

As of Aug. 22, 2026, 6:07 a.m. EDT: Speculators are positioning for a range-bound to slightly bullish outcome in the near term. Call open interest builds significantly at the $32 and $33 strikes, acting as a wall near current prices, while put volume concentrates heavily at the $25 strike, suggesting a floor for downside protection. The skew shows elevated implied volatility for deep out-of-the-money puts relative to calls, indicating a fear of a sharp drop, yet the bulk of open interest sits in the money or at-the-money calls, reflecting a belief that the stock will hold or creep higher rather than crash.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.58% 1.21% 2.56% 2.19%
Dividend History
Date Dividend Yield %
2026-06-15 0.157 0.579122
2026-03-13 0.147 0.633621
2025-06-13 0.147 0.991234
2025-03-14 0.125 0.926612
2024-12-13 0.127 0.832787
2024-09-13 0.133 0.820988
2024-06-14 0.131 0.718202
2024-05-16 0.099 0.495744
2024-03-14 0.104 0.557641
2023-12-14 0.104 0.622010
2023-09-14 0.103 0.494479
2023-06-14 0.105 0.631769
2023-03-14 0.076 0.447322
2022-12-14 0.078 0.422078
2022-11-17 0.086 0.416667
2022-09-14 0.080 0.411946
2022-06-14 0.081 0.365194
2022-03-14 0.027 0.179521
2021-12-14 0.027 0.229397
2021-09-14 0.014 0.164127
2021-06-14 0.014 0.139581
2021-03-12 0.014 0.165094
2020-03-12 0.045 1.724138
2019-12-12 0.047 0.488565
2019-09-12 0.038 0.400000
2019-06-13 0.037 0.439952
2019-03-14 0.038 0.431818
2018-09-13 0.038 0.424107
2018-06-14 0.039 0.411827
2018-03-14 0.039 0.483871
2017-12-14 0.039 0.441676
2017-09-14 0.041 0.449561
2017-06-13 0.038 0.440324
2017-03-13 0.037 0.309106
2016-12-13 0.038 0.238095
2016-09-13 0.038 0.276163
2016-06-13 0.039 0.263514
2016-03-11 0.037 0.281797
2015-12-11 0.117 0.922713
2015-09-11 0.121 0.908408
2015-06-11 0.217 1.317547
2015-03-11 0.210 1.225204
2014-12-11 0.232 1.286744
2014-09-11 0.244 0.807145
2014-06-11 0.244 0.817694
2014-03-12 0.240 0.910470
2013-12-11 0.228 0.799719
2013-09-11 0.234 0.778702
2013-06-12 0.237 0.823202
2013-03-13 0.242 0.764855
2012-12-12 0.221 0.652688
2012-09-12 0.226 0.646823
2012-06-13 0.214 0.688989
2012-03-13 0.222 0.592316
2011-12-13 0.195 0.611094
2011-09-13 0.200 0.619387
2011-06-13 0.206 0.605526
2011-03-11 0.206 0.573337
2010-12-13 0.198 0.640155
2010-09-13 0.193 0.698263
2010-06-11 0.193 0.670372
2010-03-11 0.195 0.743991
2009-12-17 0.200 0.818331
Additional Data
dividendRate 0.62
dividendYield 1.97
exDividendDate 2026-09-15
trailingAnnualDividendRate 0.82
trailingAnnualDividendYield 0.02585935
lastDividendValue 0.157
lastDividendDate 2026-06-15
dividendDate 2026-09-29

Info Dump

Attribute Value
52 Week Change 0.86859167
Address1 4,100, 225 – 6 Avenue SW
Address2 PO Box 766
All Time High 40.73
All Time Low 1.41
Ask 31.58
Ask Size 3,100
Audit Risk 2
Average Analyst Rating 1.5 - Strong Buy
Average Daily Volume10 Day 6,800,620
Average Daily Volume3 Month 7,679,538
Average Volume 7,679,538
Average Volume10Days 6,800,620
Beta 0.495
Bid 31.58
Bid Size 6,000
Board Risk 8
Book Value 13.393705
City Calgary
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country Canada
Crypto Tradeable 0
Currency USD
Current Price 31.58
Current Ratio 1.629
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 31.89
Day Low 31.105
Debt To Equity 33.995
Display Name Cenovus Energy
Dividend Date 1,790,640,000
Dividend Rate 0.62
Dividend Yield 1.97
Earnings Call Timestamp End 1,785,337,200
Earnings Call Timestamp Start 1,785,337,200
Earnings Growth 2.391
Earnings Quarterly Growth 2.373
Earnings Timestamp 1,785,328,200
Earnings Timestamp End 1,793,277,000
Earnings Timestamp Start 1,793,277,000
Ebitda 14,339,000,320
Ebitda Margins 0.26622
Enterprise To Ebitda 4.653
Enterprise To Revenue 1.239
Enterprise Value 66,718,257,152
Eps Current Year 3.24483
Eps Forward 2.62857
Eps Trailing Twelve Months 2.59
Esg Populated 0
Ex Dividend Date 1,789,430,400
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 403 766 7600
Fifty Day Average 28.2846
Fifty Day Average Change 3.2954006
Fifty Day Average Change Percent 0.116508655
Fifty Two Week Change Percent 86.85917
Fifty Two Week High 33.4
Fifty Two Week High Change -1.8200016
Fifty Two Week High Change Percent -0.05449106
Fifty Two Week Low 15.63
Fifty Two Week Low Change 15.95
Fifty Two Week Low Change Percent 1.0204735
Fifty Two Week Range 15.63 - 33.4
Financial Currency CAD
First Trade Date Milliseconds 1,258,468,200,000
Five Year Avg Dividend Yield 2.11
Float Shares 1,532,217,188
Forward Eps 2.62857
Forward P E 12.014136
Free Cashflow 5,475,125,248
Full Exchange Name NYSE
Full Time Employees 7,211
Fullday Change -0.129999
Fullday Change Percent -0.409963
Fullday Price 31.66
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.29860002
Gross Profits 16,083,000,320
Has Pre Post Market Data 1
Held Percent Insiders 0.29268
Held Percent Institutions 0.53297
Implied Shares Outstanding 1,844,245,000
Industry Oil & Gas Integrated
Industry Disp Oil & Gas Integrated
Industry Key oil-gas-integrated
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,781,481,600
Last Dividend Value 0.157
Last Fiscal Year End 1,767,139,200
Long Business Summary Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China. It operates through Upstream and Downstream segments. The company is involved in the development and production of bitumen and heavy oil; owns and operates pipeline gathering systems and terminals; operation of assets rich in NGLs and natural gas in Alberta and British Columbia; and offshore operations, exploration, and development activities in the East Coast of Canada and the Asia Pacific region. It also engages in refining, such as owned and operated Lloydminster upgrading and asphalt refining complex; owns and operates the Bruderheim crude-by-rail terminal and two ethanol plants; fuels business; and refining of crude oil to produce gasoline, diesel, jet fuel, asphalt, and other products. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.
Long Name Cenovus Energy Inc.
Market us_market
Market Cap 58,241,257,472
Market State CLOSED
Max Age 86,400
Message Board Id finmb_44709159
Most Recent Quarter 1,782,777,600
Net Income To Common 6,654,000,128
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 58,398,690,506
Number Of Analyst Opinions 2
Open 31.655
Operating Cashflow 12,355,999,744
Operating Margins 0.23831
Overall Risk 2
Payout Ratio 0.22780001
Phone 403 766 2000
Post Market Change 0.07999992
Post Market Change Percent 0.25332466
Post Market Price 31.66
Post Market Time 1,787,961,385
Previous Close 31.71
Price Eps Current Year 9.732406
Price Hint 2
Price To Book 2.357824
Price To Sales Trailing12 Months 1.0813252
Profit Margins 0.12365
Quick Ratio 1.036
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.5
Region US
Regular Market Change -0.129999
Regular Market Change Percent -0.409963
Regular Market Day High 31.89
Regular Market Day Low 31.105
Regular Market Day Range 31.105 - 31.89
Regular Market Open 31.655
Regular Market Previous Close 31.71
Regular Market Price 31.58
Regular Market Time 1,787,947,203
Regular Market Volume 4,816,223
Return On Assets 0.092250004
Return On Equity 0.20933
Revenue Growth 0.415
Revenue Per Share 29.341
Sand P52 Week Change 0.20504117
Sector Energy
Sector Disp Energy
Sector Key energy
Share Holder Rights Risk 1
Shares Outstanding 1,844,245,000
Shares Percent Shares Out 0.021300001
Shares Short 37,099,891
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 32,526,686
Short Name Cenovus Energy Inc
Short Ratio 5.43
Source Interval 15
State AB
Symbol CVE
Target High Price 40.0
Target Low Price 33.53
Target Mean Price 36.765
Target Median Price 36.765
Total Cash 3,169,999,872
Total Cash Per Share 1.719
Total Debt 11,630,999,552
Total Revenue 53,860,999,168
Tradeable 0
Trailing Annual Dividend Rate 0.82
Trailing Annual Dividend Yield 0.02585935
Trailing Eps 2.59
Trailing P E 12.19305
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 24.17005
Two Hundred Day Average Change 7.4099503
Two Hundred Day Average Change Percent 0.30657572
Type Disp Equity
Volume 4,816,223
Website https://www.cenovus.com
Zip T2P 0M5