Cenovus Energy is a oil & gas integrated company located in Alberta, Canada, which is part of the Energy sector, and is traded under the ticker CVE on the NYSE exchange.
Cenovus Energy stock last closed at $18.65, up 1.3% from the previous day, and has increased 21.34% in one year. It has overperformed other stocks in the Oil & Gas Integrated industry by 0.07 percentage points. Cenovus Energy stock is currently +32.65% from its 52-week low of $14.06, and -25.13% from its 52-week high of $24.91.
There are currently 1.92B shares of CVE outstanding. The market cap of CVE is $35.86B. In the last 24 hours, 7.69M CVE shares were traded.
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After you have figured out the best place to buy Cenovus Energy stock, it's critical to analyze their stock prior to investing, so you actually wrap your head around the risk as well as the opportunity.
WallStreetZen was designed to help average investors do better fundamental analysis.
You can view all of the due diligence checks on CVE's stock page.
You can use a variety of different financial metrics, analyses, models, and charts to gauge CVE's fair value.
Using relative valuations ratios:
You can access more valuation research on CVE's stock here.
Out of 3 sell side analysts who give ratings on CVE, the consensus analyst rating on CVE is a Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Neil Mehta, a top 10% analyst from Goldman Sachs downgrades CVE to a hold rating and announces their CVE price target of $23.00, on Nov 21, 2022.
William Janela, a top 2% analyst from Credit Suisse assumes CVE with a buy rating and announces their CVE price target of $37.00, on Aug 11, 2022.
Manav Gupta, a top 32% analyst from Credit Suisse maintains CVE with a buy rating and raises their CVE price target from $32.00 to $37.00, on Jun 9, 2022.
An analyst from Goldman Sachs maintains CVE with a strong buy rating and raises their CVE price target from $21.00 to $24.00, on May 20, 2022.
You can dig deeper into what analysts are saying on the Cenovus Energy stock forecast page.
Last year, CVE earnings were $3.84B. In the past 5 year, CVE's earnings have grown by -0.94% per year. This was slower than the Oil & Gas Integrated industry average of 30.39%.
Last year, CVE revenue was $48.73B. In the past five year, CVE's revenue has gone up by 32.83% per year. This was faster than the Oil & Gas Integrated industry average of 9.21%.
Dive into CVE's earnings and revenue performance here.
In the last 12 months, insiders at CVE have not bought or sold any shares.
Dig into more about who owns CVE stock here.
Cenovus Energy pays a dividend of 1.89%, compared to the Oil & Gas Integrated industry's average dividend yield of 7.51%. If you owned $1,000 of CVE stock, you would have been paid $18.94 in the past year.
Cenovus Energy dividend payments have not consistently grown over the past decade and have not remained stable.
Get more analysis about Cenovus Energy dividend yield and history here.
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Now that you own some shares in CVE, you'll want to stay up-to-date on your shares.
Start a watchlist to keep track of your CVE stock.
To reiterate, here are the 6 steps to buy stock in Cenovus Energy:
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