(CVE) Cenovus Energy - Overview

Sector: Energy | Industry: Oil & Gas Integrated | Exchange: NYSE (USA) | Market Cap: 48.231m USD | Total Return: 131.3% in 12m

Crude Oil, Natural Gas, Bitumen, Diesel, Gasoline
Total Rating 59
Safety 62
Buy Signal 0.12
Oil & Gas Integrated
Industry Rotation: -25.9
Market Cap: 48.2B
Avg Turnover: 323M USD
ATR: 4.00%
Peers RS (IBD): 92.5
Risk 5d forecast
Volatility34.0%
Rel. Tail Risk-0.18%
Reward TTM
Sharpe Ratio2.35
Alpha118.46
Character TTM
Beta0.877
Beta Downside1.576
Drawdowns 3y
Max DD49.57%
CAGR/Max DD0.36
EPS (Earnings per Share) EPS (Earnings per Share) of CVE over the last years for every Quarter: "2021-03": 0.08, "2021-06": 0.11, "2021-09": 0.27, "2021-12": -0.21, "2022-03": 0.79, "2022-06": 1.19, "2022-09": 0.61, "2022-12": 0.39, "2023-03": 0.32, "2023-06": 0.44, "2023-09": 0.97, "2023-12": 0.39, "2024-03": 0.62, "2024-06": 0.53, "2024-09": 0.3, "2024-12": 0.05, "2025-03": 0.34, "2025-06": 0.25, "2025-09": 0.5506, "2025-12": 0.3654, "2026-03": 0,
EPS CAGR: -60.15%
EPS Trend: -59.9%
Last SUE: -1.23
Qual. Beats: 0
Revenue Revenue of CVE over the last years for every Quarter: 2021-03: 7393.881529, 2021-06: 8590.002422, 2021-09: 10010.9282, 2021-12: 11014.6392, 2022-03: 12945.4416, 2022-06: 14881.04755, 2022-09: 12624.5446, 2022-12: 10374.2751, 2023-03: 9066.5228, 2023-06: 9227.0664, 2023-09: 14577, 2023-12: 14036, 2024-03: 13810, 2024-06: 15441, 2024-09: 14249, 2024-12: 15195, 2025-03: 14205, 2025-06: 12940, 2025-09: 13195, 2025-12: 10874.131073, 2026-03: null,
Rev. CAGR: -4.54%
Rev. Trend: 20.0%
Last SUE: -0.73
Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

Supp Ema20

Description: CVE Cenovus Energy

Cenovus Energy Inc. (NYSE:CVE) is a Canadian integrated oil and gas company that operates both upstream (bitumen, heavy oil, natural gas, and offshore exploration) and downstream (refining, rail terminal, ethanol, and fuel distribution) assets across Canada, the United States, and China.

In 2025 the company produced an average of ≈ 380,000 boe/d, generated ≈ $2.5 billion of operating cash flow, and maintained a net debt level of about $5.2 billion, supporting a quarterly dividend of $0.62 per share.

Key economic drivers for Cenovus include the current Brent crude price of roughly $85 per barrel, stable natural-gas prices near $2.5 /MMBtu, and ongoing pipeline capacity constraints in Alberta that favor rail-based crude transport-an area where Cenovus owns the Bruderheim terminal.

Sector-wide trends such as the global shift toward lower-carbon fuels, ESG scrutiny, and the resurgence of demand for petrochemical feedstocks are influencing the company’s strategic focus on higher-margin refining and NGL production.

For a deeper dive into CVE’s valuation metrics and forward outlook, you might find ValueRay’s analysis worth a look.

Headlines to Watch Out For
  • Global crude oil prices dictate upstream segment revenue
  • Refining margins impact downstream profitability
  • Canadian regulatory changes affect pipeline capacity
  • Natural gas prices influence NGL and gas segment
  • Offshore exploration success drives future production
Piotroski VR‑10 (Strict) 6.0
Net Income: 3.93b TTM > 0 and > 6% of Revenue
FCF/TA: 0.05 > 0.02 and ΔFCF/TA -2.09 > 1.0
NWC/Revenue: 6.98% < 20% (prev 5.23%; Δ 1.74% < -1%)
CFO/TA 0.13 > 3% & CFO 8.23b > Net Income 3.93b
Net Debt (14.26b) to EBITDA (10.31b): 1.38 < 3
Current Ratio: 1.57 > 1.5 & < 3
Outstanding Shares: last quarter (1.86b) vs 12m ago 0.04% < -2%
Gross Margin: 19.68% > 18% (prev 0.22%; Δ 1.95k% > 0.5%)
Asset Turnover: 85.42% > 50% (prev 103.8%; Δ -18.39% > 0%)
Interest Coverage Ratio: 9.69 > 6 (EBITDA TTM 10.31b / Interest Expense TTM 514.9m)
Altman Z'' 2.60
A: 0.06 (Total Current Assets 9.88b - Total Current Liabilities 6.31b) / Total Assets 63.37b
B: 0.19 (Retained Earnings 12.31b / Total Assets 63.37b)
C: 0.08 (EBIT TTM 4.99b / Avg Total Assets 59.96b)
D: 0.99 (Book Value of Equity 31.30b / Total Liabilities 31.76b)
Altman-Z'' Score: 2.60 = A
Beneish M -2.65
DSRI: 1.49 (Receivables 3.45b/2.66b, Revenue 51.21b/58.70b)
GMI: 1.11 (GM 19.68% / 21.76%)
AQI: 1.07 (AQ_t 0.10 / AQ_t-1 0.09)
SGI: 0.87 (Revenue 51.21b / 58.70b)
TATA: -0.07 (NI 3.93b - CFO 8.23b) / TA 63.37b)
Beneish M-Score: -2.65 (Cap -4..+1) = A
What is the price of CVE shares? As of April 13, 2026, the stock is trading at USD 25.87 with a total of 7,315,501 shares traded.
Over the past week, the price has changed by -3.76%, over one month by +10.31%, over three months by +56.44% and over the past year by +131.25%.
Is CVE a buy, sell or hold? Cenovus Energy has received a consensus analysts rating of 4.26. Therefore, it is recommended to buy CVE.
  • StrongBuy: 8
  • Buy: 9
  • Hold: 1
  • Sell: 1
  • StrongSell: 0
What are the forecasts/targets for the CVE price?
Analysts Target Price 28.1 8.6%
Cenovus Energy (CVE) - Fundamental Data Overview as of 11 April 2026
P/E Trailing = 16.5548
P/E Forward = 25.8398
P/S = 0.9705
P/B = 2.2026
P/EG = 0.45
Revenue TTM = 51.21b USD
EBIT TTM = 4.99b USD
EBITDA TTM = 10.31b USD
Long Term Debt = 11.03b USD (from longTermDebt, last quarter)
Short Term Debt = 368.7m USD (from shortTermDebt, last quarter)
Debt = 17.00b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 14.26b USD (from netDebt column, last quarter)
Enterprise Value = 62.49b USD (48.23b + Debt 17.00b - CCE 2.74b)
Interest Coverage Ratio = 9.69 (Ebit TTM 4.99b / Interest Expense TTM 514.9m)
EV/FCF = 18.34x (Enterprise Value 62.49b / FCF TTM 3.41b)
FCF Yield = 5.45% (FCF TTM 3.41b / Enterprise Value 62.49b)
FCF Margin = 6.65% (FCF TTM 3.41b / Revenue TTM 51.21b)
Net Margin = 7.67% (Net Income TTM 3.93b / Revenue TTM 51.21b)
Gross Margin = 19.68% ((Revenue TTM 51.21b - Cost of Revenue TTM 41.14b) / Revenue TTM)
Gross Margin QoQ = 12.11% (prev 23.16%)
Tobins Q-Ratio = 0.99 (Enterprise Value 62.49b / Total Assets 63.37b)
Interest Expense / Debt = 0.77% (Interest Expense 130.9m / Debt 17.00b)
Taxrate = 9.67% (99.9m / 1.03b)
NOPAT = 4.51b (EBIT 4.99b * (1 - 9.67%))
Current Ratio = 1.57 (Total Current Assets 9.88b / Total Current Liabilities 6.31b)
Debt / Equity = 0.54 (Debt 17.00b / totalStockholderEquity, last quarter 31.60b)
Debt / EBITDA = 1.38 (Net Debt 14.26b / EBITDA 10.31b)
Debt / FCF = 4.19 (Net Debt 14.26b / FCF TTM 3.41b)
Total Stockholder Equity = 29.85b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.55% (Net Income 3.93b / Total Assets 63.37b)
RoE = 13.16% (Net Income TTM 3.93b / Total Stockholder Equity 29.85b)
RoCE = 12.21% (EBIT 4.99b / Capital Employed (Equity 29.85b + L.T.Debt 11.03b))
RoIC = 11.83% (NOPAT 4.51b / Invested Capital 38.10b)
WACC = 6.89% (E(48.23b)/V(65.23b) * Re(9.07%) + D(17.00b)/V(65.23b) * Rd(0.77%) * (1-Tc(0.10)))
Discount Rate = 9.07% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.48%
[DCF] Terminal Value 80.37% ; FCFF base≈3.73b ; Y1≈3.13b ; Y5≈2.34b
[DCF] Fair Price = 21.89 (EV 55.41b - Net Debt 14.26b = Equity 41.14b / Shares 1.88b; r=6.89% [WACC]; 5y FCF grow -19.38% → 3.0% )
EPS Correlation: -59.91 | EPS CAGR: -60.15% | SUE: -1.23 | # QB: 0
Revenue Correlation: 20.02 | Revenue CAGR: -4.54% | SUE: -0.73 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.89 | Chg7d=+0.893 | Chg30d=+0.893 | Revisions Net=+1 | Analysts=1
EPS current Year (2026-12-31): EPS=1.01 | Chg7d=+0.134 | Chg30d=+0.268 | Revisions Net=+0 | Growth EPS=-33.1% | Growth Revenue=+7.6%
EPS next Year (2027-12-31): EPS=1.64 | Chg7d=+0.233 | Chg30d=+0.202 | Revisions Net=-1 | Growth EPS=+63.4% | Growth Revenue=-3.3%
External Resources
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