Quote Overview

Stock Activity

Open	20.84
Day Low	20.31
Day High	20.84
52 Wk Low	14.69
52 Wk High	21.90
Avg. Volume	10,384,275
Market Cap	38.22 B
Dividend	0.41 ( 2.01%)
Beta	2.10

Key Earnings Data

Earnings ESP	0.33%
Most Accurate Est	0.51
Current Qtr Est	0.50
Current Yr Est	1.88
Exp Earnings Date	7/25/24
Prior Year EPS	1.57
Exp EPS Growth (3-5yr) NA
Forward PE	10.92
PEG Ratio	NA

Oils-Energy » Oil and Gas - Integrated - Canadian

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Style Scores A Value B Growth A Momentum A VGM
Zacks Rank	Hold 3
Zacks Industry Rank	Top 40%(100 out of 252)
Zacks Sector Rank	Bottom 44% (9 out of 16)
Earnings ESP	0.33%
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Top Peers	Symbol	Zacks Rank
Cenovus Energy	CVE
Gibson Energy	GBNXF
Imperial Oil	IMO
Suncor Energy	SU

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Company Summary

Calgary, Canada-based Cenovus Energy Inc. is a leading integrated energy firm. Starting from pumping out oil from its oil sands projects in Canada, the company’s operations comprise marketing the produced oil, natural gas and natural gas liquids (NGLs). Cenovus’ entire operation of oil and gas production is concentrated in Canada, within the provinces of Alberta and British Columbia. The company supplies oil to the Gulf Coast of the United States through the Enbridge Flanagan South pipeline.

At 2023-end, the company had oil equivalent proved reserves of 5.9 billion barrels, down from the previous year’s 6.1 billion barrels. Based on working interest production, the estimated proved reserves life index was more than 21 years. In 2023, the company produced 778.7 thousand barrels of oil equivalent per day, of which 82% was liquids. Output declined year over year.

The company primarily operates through three segments: Oil Sands, Conventional, and Downstream.

Oil Sands: This segment incorporates development and production of bitumen in northeast Alberta. The bitumen assets are located in Foster Creek, Christina Lake and Narrows Lake. Several other bitumen projects are on the way. In 2023, the company’s Oil Sands segment reported operating margin of C$8,169 million.

Conventional: This segment incorporates almost 2.8 million net acres of land primarily in the Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas, which are rich in natural gas and belongs to the Alberta and British Columbia provinces. The segment recorded operating margin of C$583 million in 2023.

Downstream: This segment incorporates the company's operations related to Canadian Manufacturing and U.S. Manufacturing activities. From the Canadian Manufacturing unit, the company reported operating margin of C$675 million, up from C$699 million in 2022.