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Cenovus Energy Inc. (CVE)

Energy | Oil & Gas Integrated | Calgary, Canada | NYSE
31.97 USD -0.65 (-1.993%) ⇩ (Oct. 15, 2026, 4 p.m. EDT)
After hours: 32.30 +0.33 (1.032%) ⇧ (Oct. 15, 2026, 7:52 p.m. EDT)
Short-term:★★★⯪☆Long-term:★★★⯪☆Dividends:★★★☆☆
Hot Take ↕ | Oct. 10, 2026, 5:13 a.m. EDT

Cenovus presents a compelling value case with a fortress-like balance sheet and robust cash generation, yet the market remains skeptical of its long-term growth trajectory. Fundamentally, the company is a high-quality operator with a 21% return on equity and a payout ratio of just 23%, leaving ample room for reinvestment or special dividends. The stock has recovered significantly from its lows, trading at a reasonable forward P/E of roughly 11.7x, which reflects the market's caution regarding the commodity cycle. However, the price action tells a different story: the stock has failed to sustain momentum over the last two years, closing lower than the prior year for the past 24 months. This multi-year stagnation, despite strong earnings growth, suggests the market is pricing in a prolonged period of flat oil prices or capital discipline that caps upside. While the dividend is safe and attractive, it is not a high-yield play, offering only about 2%. The options market reinforces this hesitation, with heavy put buying at lower strikes acting as a psychological floor while calls struggle to build a wall at higher targets. For investors, this is a solid core holding for income and stability, but it lacks the explosive catalyst needed to justify a premium valuation until the commodity cycle clearly turns upward again.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.059485
MSTL0.072293
AutoETS0.076135
AutoARIMA0.076136

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 42%
H-stat 4.84
Ljung-Box p 0.000
Jarque-Bera p 0.172
Excess Kurtosis -0.59
Attribute Value
Sector Energy
Ex Dividend Date 2026-09-14
Last Dividend Date 2026-09-14
Debt to Equity Ratio 33.995
Revenue per Share 29.341
Market Cap 58,960,510,976
Trailing P/E 12.39
Forward P/E 10.35
Beta 0.60
Profit Margins 12.37%
Website https://www.cenovus.com

As of Oct. 10, 2026, 5:13 a.m. EDT: Speculators are positioning for a volatile range-bound scenario rather than a decisive breakout. Call open interest is heavily skewed toward strikes above the current price (33 and 35), suggesting a bullish bias or a 'long gamma' setup where dealers defend these levels. However, put volume and open interest are significantly higher in the deep out-of-the-money and at-the-money ranges, particularly for the January 2027 expiration, indicating a substantial hedge against a drop back toward the 15-20 range. The disparity between massive put volume at low strikes and relatively lighter call volume at equivalent distances suggests the market views a downside correction as a more probable or necessary event than a sustained rally to 40.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.47% 1.68% 2.55% 2.25%
Dividend History
Date Dividend Yield %
2026-09-15 0.158 0.465802
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
dividendYield 1.89
exDividendDate 2026-09-15
trailingAnnualDividendRate 0.82
trailingAnnualDividendYield 0.025137953
lastDividendValue 0.158
lastDividendDate 2026-09-15
dividendDate 2026-09-29

Info Dump

Attribute Value
52 Week Change 0.90297616
Address1 4,100, 225 – 6 Avenue SW
Address2 PO Box 766
All Time High 40.73
All Time Low 1.41
Ask 32.2
Ask Size 1,900
Audit Risk 2
Average Analyst Rating 1.5 - Strong Buy
Average Daily Volume10 Day 7,426,830
Average Daily Volume3 Month 7,105,948
Average Volume 7,105,948
Average Volume10Days 7,426,830
Beta 0.6
Bid 31.8
Bid Size 6,300
Board Risk 7
Book Value 13.042039
City Calgary
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country Canada
Crypto Tradeable 0
Currency USD
Current Price 31.97
Current Ratio 1.629
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 32.72
Day Low 31.855
Debt To Equity 33.995
Display Name Cenovus Energy
Dividend Date 1,790,640,000
Dividend Yield 1.89
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 4.703
Enterprise To Revenue 1.252
Enterprise Value 67,437,510,656
Eps Current Year 3.714
Eps Forward 3.08925
Eps Trailing Twelve Months 2.58
Esg Populated 0
Ex Dividend Date 1,789,430,400
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 403 766 7600
Fifty Day Average 31.7678
Fifty Day Average Change 0.20219994
Fifty Day Average Change Percent 0.0063649337
Fifty Two Week Change Percent 90.297615
Fifty Two Week High 34.16
Fifty Two Week High Change -2.1900005
Fifty Two Week High Change Percent -0.064110085
Fifty Two Week Low 15.63
Fifty Two Week Low Change 16.34
Fifty Two Week Low Change Percent 1.0454254
Fifty Two Week Range 15.63 - 34.16
Financial Currency CAD
First Trade Date Milliseconds 1,258,468,200,000
Five Year Avg Dividend Yield 1.27
Float Shares 1,532,217,188
Forward Eps 3.08925
Forward P E 10.348789
Free Cashflow 5,475,125,248
Full Exchange Name NYSE
Full Time Employees 7,211
Fullday Change -0.61999893
Fullday Change Percent -1.9006712
Fullday Price 31.97
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.29860002
Gross Profits 16,083,000,320
Has Pre Post Market Data 1
Held Percent Insiders 0.29711
Held Percent Institutions 0.54169
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 1,789,430,400
Last Dividend Value 0.158
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 58,960,510,976
Market State POSTPOST
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 57,384,091,818
Number Of Analyst Opinions 2
Open 32.67
Operating Cashflow 12,355,999,744
Operating Margins 0.23831
Overall Risk 2
Payout Ratio 0.2284
Phone 403 766 2000
Post Market Change 0.32999992
Post Market Change Percent 1.0322175
Post Market Price 32.3
Post Market Time 1,792,108,377
Previous Close 32.62
Price Eps Current Year 8.607969
Price Hint 2
Price To Book 2.4513037
Price To Sales Trailing12 Months 1.0946791
Profit Margins 0.12365
Quick Ratio 1.036
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.5
Region US
Regular Market Change -0.65
Regular Market Change Percent -1.99264
Regular Market Day High 32.72
Regular Market Day Low 31.855
Regular Market Day Range 31.855 - 32.72
Regular Market Open 32.67
Regular Market Previous Close 32.62
Regular Market Price 31.97
Regular Market Time 1,792,094,403
Regular Market Volume 9,199,036
Return On Assets 0.092250004
Return On Equity 0.20933
Revenue Growth 0.415
Revenue Per Share 29.341
Sand P52 Week Change 0.16207206
Sector Energy
Sector Disp Energy
Sector Key energy
Share Holder Rights Risk 1
Shares Outstanding 1,844,245,000
Shares Percent Shares Out 0.020399999
Shares Short 37,556,410
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 43,795,247
Short Name Cenovus Energy Inc
Short Ratio 5.81
Source Interval 15
State AB
Symbol CVE
Target High Price 40.0
Target Low Price 32.95
Target Mean Price 36.475
Target Median Price 36.475
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 0.025137953
Trailing Eps 2.58
Trailing P E 12.391473
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 26.6321
Two Hundred Day Average Change 5.3379
Two Hundred Day Average Change Percent 0.20043106
Type Disp Equity
Volume 9,199,036
Website https://www.cenovus.com
Zip T2P 0M5