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Cenovus Energy (CVE)

(Delayed Data from NYSE)

$19.36 USD

19.36
5,465,604

+0.45 (2.38%)

Updated Jun 10, 2024 04:00 PM ET

After-Market: $19.48 +0.12 (0.62%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.08%
2Buy17.91%
3Hold9.44%
4Sell5.10%
5Strong Sell2.55%
S&P50011.04%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value B Growth A Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 37% (92 out of 248)

Industry: Oil and Gas - Integrated - Canadian

Better trading starts here.

Zacks News

Imperial Oil (IMO) to Make Renewable Diesel Plant at Strathcona

Imperial Oil's (IMO) renewable diesel project to trim emissions in the Canadian transportation space by around 3 million tons a year. This is like removing almost 650,000 passenger vehicles for a year.

Cenovus Energy (CVE) Slips 4% as Q2 Earnings Miss Estimates

A significant increase in transportation and blending expenses hurts Cenovus Energy's (CVE) Q2 earnings.

Cenovus (CVE) to Purchase Solar Power From New Alberta Facility

The project is helping Cenovus (CVE) to proceed with two of its ESG focus areas by addressing climate change and greenhouse gas emissions.

Cenovus (CVE): Strong Industry, Solid Earnings Estimate Revisions

Cenovus (CVE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Canada's Oil Sands Producers Sign Up for 2050 Zero Emission

The tie-up between Suncor (SU) and other Canadian oil sands producers follows the grant of sizeable sops for emission-reduction project and infrastructure by the administration of Canada and Alberta.

Shell (RDS.A) to Fast Track Emission Cut Post Court Ruling

The Dutch court in a major sentence delivery on a climate feud raised by environmentalists orders Shell (RDS.A) to trim carbon emissions by 45% within 2030 from its 2019 reading.

ConocoPhillips (COP) Jumps 8.3% MTD: More Room for Upside Left?

Higher oil price is aiding ConocoPhillips' (COP) upstream business.

Cenovus (CVE) Divests Marten Hills Royalty Interest to Topaz

Cenovus Energy (CVE) receives gross cash proceeds of C$102 million from the latest divestment.

Cenovus (CVE) Declines 3.1% Since Q1 Earnings Miss Estimates

Severe winter in parts of the United States hurts Cenovus (CVE) in the first quarter.

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup: A Look at COP, EOG, PXD, MPC & WMB Q1 Earnings

Energy operators ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Marathon Petroleum (MPC) and The Williams Companies (WMB) turned in a better-than-expected first-quarter bottom-line performance.

ConocoPhillips (COP) Q1 Earnings Beat on Higher Crude Output

ConocoPhillips (COP) expects full-year 2021 production to be 1.5 million barrels of oil equivalent per day.

Cenovus (CVE) Sets Climate Targets to Attain Carbon Neutrality

Cenovus (CVE) sets new targets of reaching net-zero emissions, while sticking to its core oil and gas business, to win over eco-minded investors.

Cenovus (CVE) Halts Husky Retail Fuel Station Sale: Here's Why

Cenovus Energy (CVE) expects higher commodity prices to omit the requirement of divesting assets.

Cenovus Energy (CVE): Strong Industry, Solid Earnings Estimate Revisions

Cenovus Energy (CVE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Diamondback (FANG) Concludes Takeover Deal With QEP Resources

Diamondback's (FANG) buyout pact with QEP Resources provides the latter's shareholders with 0.05 shares of its common stock for each share held.

Why Cenovus (CVE) Stock Might be a Great Pick

Cenovus (CVE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup: A Look at TOTAL, Equinor & Cenovus Q4 Earnings & More

The highlights for the week include TechnipFMC's (FTI) massive contract win and ExxonMobil's (XOM) decision to shut a refinery in Australia.

Cenovus Energy (CVE) Q4 Earnings Lag, '21 Capital Budget Set

Lower contributions from oil sands operations hurt Cenovus Energy's (CVE) Q4 earnings.

Cenovus (CVE) Jumps 61.4% in 3 Months: More Room to Run?

Cenovus Energy's (CVE) strategic acquisition of Husky Energy has created the third-biggest energy producer in Canada.

Suncor Energy (SU) Resumes Fort Hills Operations After a Mishap

Suncor Energy (SU) recommences its Fort Hills oil sands mine activity, which was stalled after it suffered a recent mine disaster at the site, which killed two laborers of Clearstream Mining.

Suncor (SU) Projects C$425M White Rose Asset Write-Down for Q4

Suncor Energy (SU) foresees a write-down of nearly C$425 million for fourth-quarter 2020 on its share of the White Rose asset and West White Rose Project as the prospect of the project seems in limbo.

Cenovus (CVE) Closes All-Stock Merger Deal With Husky Energy

Cenovus (CVE) expects the combined entity to have a production capacity of 750,000 Boe/d.

Nilanjan Choudhury headshot

Energy M&A: 5 Biggest Deals of 2020 & the Outlook for 2021

Big energy companies, such as Chevron (CVX), Pioneer Natural (PXD), ConocoPhillips (COP), Cenovus Energy (CVE) and Devon Energy (DVN) recently acquired smaller firms with attractive asset bases.

Cenovus (CVE) Receives Shareholder Approval for Husky Takeover

Cenovus' (CVE) merger deal with Husky Energy has been approved by shareholders of both companies to generate yearly savings of $1.2 billion.

Cenovus (CVE) Wraps Up Divestment of Martin Hills Oil Assets

Cenovus (CVE) announces the completion of its Martin Hills asset sales to Headwater in a deal worth C$100 million.