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Cenovus Energy (CVE)

(Delayed Data from NYSE)

$20.61 USD

20.61
6,122,222

-0.07 (-0.34%)

Updated May 7, 2024 04:00 PM ET

After-Market: $20.60 -0.01 (-0.05%) 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 Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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2-Buy of 5   2      

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 C 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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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 19% (47 out of 251)

Industry: Oil and Gas - Integrated - Canadian

Better trading starts here.

Zacks News

Chevron (CVX) Declares Level 1 Incident at Richmond Refinery

Chevron's (CVX) Richmond refinery reports Level 1 incident. While there's no news of any immediate public health risk, concerns about air quality and regulatory compliance persist.

ExxonMobil (XOM) Projects $8.9B Operating Profit for Q4

ExxonMobil (XOM) expects a decrease in Q4 earnings due to lower oil prices, partially offset by higher natural gas prices.

EOG Resources (EOG) Prepares for 50% Less US Oil Growth in 2024

EOG Resources (EOG) is satisfied with its existing activity levels and does not foresee the need for an increase.

Talos (TALO) Initiates Production From Gulf of Mexico Wells

Talos (TALO) exclusively owns and operates the wells located near the Ram Powell platform.

Equinor (EQNR) Completes Divestment of Statfjord Stake to OKEA

The transaction underscores Equinor's (EQNR) commitment to long-term portfolio optimization and high grading.

Anindya Barman headshot

Tap These 5 Bargain Stocks With Attractive EV-to-EBITDA Ratio

We have screened bargain stocks KT, PK, CVE, FHN and NOAH based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.

Eni (E) Initiates First Gas Into Congo's Tango FLNG Facility

The facility is an important part of the Congo LNG project and fits with Eni's (E) goal of having a variety of energy sources. It is meant to meet the country's needs for generating power.

Nilanjan Choudhury headshot

Oil & Gas Stock Roundup: Exxon's Hebron Approval & Shell's Sparta FID Stand Out

XOM, SHEL, EQNR, CVE and IMO emerge as the energy headline makers during the week.

Cenovus (CVE) Creates Kaybob Duvernay JV With Athabasca

To kickstart the creation of Duvernay Energy, Cenovus (CVE) will contribute $18 million and Athabasca will contribute $22 million in seed capital.

Cenovus (CVE) Shares Dip 1.2% Since Posting Q3 Earnings Results

Higher contributions from the Oil Sands unit and lower expenses aid Cenovus' (CVE) earnings in Q3.

Cenovus (CVE) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

The headline numbers for Cenovus (CVE) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Is a Beat in Store for PBF Energy (PBF) in Q3 Earnings?

Higher production of refined products from the East Coast is expected to have aided PBF Energy's (PBF) earnings in Q3.

Enbridge (ENB) to Report Q3 Earnings: What's in the Offing?

Stable fee-based revenues from long-term contracts are likely to have aided Enbridge (ENB) in Q3.

What's in the Offing for Enerplus (ERF) in Q3 Earnings?

An upward cost trend is anticipated to have affected Enerplus' (ERF) earnings in Q3.

Is a Beat in Store for ConocoPhillips (COP) in Q3 Earnings?

Higher production is likely to have aided ConocoPhillips' (COP) performance in the third quarter.

Kimbell (KRP) to Report Q3 Earnings: What's in the Offing?

Favorable commodity prices are likely to have aided Kimbell's (KRP) in Q3.

Is a Beat in Store for EOG Resources (EOG) in Q3 Earnings?

Favorable commodity prices and production are likely to have aided EOG Resources' (EOG) upstream activities in Q3.

Gibson Energy Inc. (GBNXF) Q3 Earnings Miss Estimates

Gibson Energy Inc. (GBNXF) delivered earnings and revenue surprises of -42.86% and 18.45%, respectively, for the quarter ended September 2023. Do the numbers hold clues to what lies ahead for the stock?

Sunoco (SUN) to Post Q3 Earnings: What's in the Offing?

Lower motor fuel gallons sold are likely to have affected Sunoco's (SUN) performance in Q3.

Texas Pacific Land (TPL) to Post Q3 Earnings: What to Expect?

The upward trajectory in costs is expected to have affected Texas Pacific Land's (TPL) earnings in Q3.

Cenovus Energy (CVE) Expected to Beat Earnings Estimates: Should You Buy?

Cenovus (CVE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Cenovus (CVE) Beat Estimates Again in Its Next Earnings Report?

Cenovus (CVE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Here's Why Hold Strategy is Apt for Cenovus (CVE) Stock Now

Cenovus (CVE) remains dedicated to debt reduction through free cash flow generation and asset divestment.

Here's Why Hold Strategy is Apt for Cenovus (CVE) Stock Now

Cenovus (CVE) continues to reduce debt through free fund flow generation and asset divestments.

Cenovus (CVE) Shares Gain 5% Since Reporting Q2 Earnings Beat

Higher contributions from the Canadian Manufacturing unit and lower expenses aid Cenovus' (CVE) earnings in Q2.