Cenovus Energy에 대한 매도 수량은 투자자에게 Cenovus Energy의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Cenovus Energy (NYSE:CVE) 주식, 공매도 수량 보고

Cenovus Energy

Cenovus Energy Inc is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.

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올해 초부터 S&amp;P 500 내에서 상위 10위 안에 에너지 기업이 3곳 포함되어 있으며, 이는 2023년 에너지 부문의 하향 성과에 비해 상당한 패러다임 전환을 나타낸다.올해 초부터 에너지 주식의 과세익을 이루어낸 가장 중요한 요인 중 하나는 원유 가격의 급격한 상승이다.

2024년 유가가 $90에 도달함에 따라 3개의 에너지 주식이 S&amp;P 500의 상위 10개 주식에 포함

Cenovus Energy Inc

Cenovus Energy Inc Warrants (each warrant entitles the holder to purchase one common share at an exercise price of C$6.54 per share)

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JP Morgan analyst John M Royall highlighted key trends for the North American Integrated Oils sector entering 2025, with updates on forecasts, price targets, and ratings on major companies.
Rating/Price Target Update:
<ul>
<li>The analyst maintained an Overweight rating and a price target of $125 on Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), citing its defensive characteristics in downside scenarios and portfolio of high-value projects in both <a href="https://www.benzinga.com/quote/xom/analyst-ratings" target="_blank" rel="noreferrer noopener">upstream and downstream operations</a>.</li>
<li>JP Morgan remains &#8216;Not Rated&#8217; on Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) due to its involvement in the HES acquisition.</li>
<li>Also, Royall reiterated the Overweight rating on Cenovus Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>), viewing it as a unique execution story with the most <a href="https://www.benzinga.com/quote/cve/analyst-ratings" target="_blank" rel="noreferrer noopener">attractive valuation in the coverage group</a>.</li>
<li>The analyst downgraded the rating for Imperial Oil Limited (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IMO#AMEX">IMO</a>) to Underweight from Neutral, citing its low free cash flow yield and free cash flow to <a href="https://www.benzinga.com/quote/imo/analyst-ratings" target="_blank" rel="noreferrer noopener">enterprise value ratios for 2025-2026</a>.</li>
<li>Apart from this, the analyst maintained Neutral rating on Canadian Natural Resources Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) and Suncor Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SU#NYSE">SU</a>).</li>
</ul>
Sector View: Brent crude is expected to average ~$70/bbl in 2025, down from ~$80/bbl+ in 2024 YTD, driven by global supply growth outpacing demand, adds the analyst.
Royall says downstream performance is likely to remain below mid-cycle, with refined product supply and demand growing in tandem.
The analyst upholds an $80/bbl long-term crude price deck and mid-cycle crack spreads for 2026+, while forecasting ~$70/bbl Brent with flat spreads in 2025.
The analyst writes that defensive positioning should dominate in 2026, favoring U.S. companies with stronger free cash flow, balance sheets, and capital returns compared to Canadian peers.
With crude price scenarios ranging +/-$10/bbl around the base case, the downside case of $70/bbl Brent aligns with current strip prices, underscoring downside risks beyond 2026. Consequently, Royall prioritizes defensive names and companies with unique re-rating opportunities for 2025.
Macro Forecasts Update: The analyst updated the macro forecasts and models since the post-earnings review. The fourth-quarter Brent price deck remains at $75/bbl, in line with quarter-to-date levels and the strip, while the 2025 price deck stays at $70/bbl, consistent with J.P. Morgan&#8217;s outlook.
Royall says that higher Western Canadian Select prices and improved downstream cracks have driven a 9% increase in his fourth-quarter EPS estimates.
For 2025, EPS estimates are raised by 8%, also supported by stronger WCS prices. Despite these adjustments, the projections are 3% below Street estimates for fourth quarter and 27% lower for 2025, reflecting the conservative crude price assumptions and refining outlook, adds the analyst.
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Photo via Shutterstock.

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Defensive Oil Stocks To Watch In 2025 Amid $70 Brent Forecast: JP Morgan

Guidance

Cenovus Energy Announces Its 2025 Corporate Guidance; Oil Sands Production Guidance Is 615,000 bbls/d To 635,000 bbls/d

Buybacks

Cenovus Energy Approves Renewal Of Normal Course Issuer Bid To Purchase Up To 127.49M Common Shares During 12-month Period Commencing November 11, 2024 And Ending November 10, 2025.

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Shares of oil and gas companies are trading higher following reports suggesting OPEC+ will delay output increases.

BMO Capital analyst Randy Ollenberger maintains Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) with a Outperform and lowers the price target from $31 to $28.

BMO Capital Maintains Outperform on Cenovus Energy, Lowers Price Target to $28

RBC Capital analyst Greg Pardy maintains Cenovus Energy (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CVE#TSX">CVE</a>) with a Outperform and lowers the price target from C$29 to C$28.

TSX:CVE

RBC Capital Maintains Outperform on Cenovus Energy, Lowers Price Target to C$28

Cenovus Energy shares are trading lower after the company reported worse-than-expected Q3 EPS results.

Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) reported quarterly earnings of $0.42 per share which missed the analyst consensus estimate of $0.49 by 14.29 percent. This is a 56.7 percent decrease over earnings of $0.97 per share from the same period last year. The company reported quarterly sales of $14.200 billion which beat the analyst consensus estimate of $13.592 billion by 4.47 percent. This is a 30.68 percent increase over sales of $10.866 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Cenovus Energy Q3 2024 GAAP EPS C$0.42 Misses C$0.49 Estimate, Sales C$14.200B Beat C$13.592B Estimate

Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) is set to give its latest quarterly earnings report on Thursday, 2024-10-31. Here's what investors need to know before the announcement.
Analysts estimate that Cenovus Energy will report an earnings per share (EPS) of $0.54. 
Investors in Cenovus Energy are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings Track Record</h3>
The company's EPS missed by $0.13 in the last quarter, leading to a 5.15% drop in the share price on the following day.
Here's a look at Cenovus Energy's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.52</td>
<td>0.39</td>
<td>0.25</td>
<td>0.71</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.39</td>
<td>0.46</td>
<td>0.29</td>
<td>0.72</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-5.0%</td>
<td>1.0%</td>
<td>-0.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730300485_0.png" alt="eps graph" />
<a href="https://www.benzinga.com/quote/CVE/earnings">To track all earnings releases for Cenovus Energy visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights into Cenovus Energy's Upcoming Earnings

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Shares of oil and oil-related companies are trading lower after Israel reportedly did not damage Iran's oil sites amid strikes over the weekend.

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Shares of energy stocks are trading lower as oil prices fall after Israel reportedly indicated it could target military sites in Iran but not oil or nuclear targets.

Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) has outperformed the market over the past 5 years by 1.84% on an annualized basis producing an average annual return of 15.83%. Currently, Cenovus Energy has a market capitalization of $32.82 billion. 
Buying $1000 In CVE: If an investor had bought $1000 of CVE stock 5 years ago, it would be worth $2,106.76 today based on a price of $17.68 for CVE at the time of writing.
<h3>Cenovus Energy's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728586836_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,100 Today

CEIX

CIVI

Shares of energy companies are trading lower, pulling back after recently rising amid Middle East tensions. China stimulus uncertainty may also be impacting the demand outlook.

BMO Capital analyst Randy Ollenberger maintains Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) with a Outperform and lowers the price target from $33 to $31.

BMO Capital Maintains Outperform on Cenovus Energy, Lowers Price Target to $31

Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) has outperformed the market over the past 5 years by 1.64% on an annualized basis producing an average annual return of 16.18%. Currently, Cenovus Energy has a market capitalization of $32.44 billion. 
Buying $1000 In CVE: If an investor had bought $1000 of CVE stock 5 years ago, it would be worth $2,008.17 today based on a price of $17.48 for CVE at the time of writing.
<h3>Cenovus Energy's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727881396_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Cenovus Energy 5 Years Ago Would Be Worth Today

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Shares of energy companies are trading higher amid heightening Middle East tensions. A report suggests Iran is preparing to directly attack Israel, which could create shocks to the global economy.

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Shares of oil gas companies are trading lower amid reports suggesting Saudi Arabia may raise output.

RBC Capital analyst Greg Pardy reiterates Cenovus Energy (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CVE#TSX">CVE</a>) with a Outperform and maintains C$29 price target.

RBC Capital Reiterates Outperform on Cenovus Energy, Maintains C$29 Price Target

Shares of oil companies are trading higher amid anticipation for potential conflict escalations between Israel-Lebanon and the broader region.

Cenovus Energy reports 2025 capex plans, expects higher production

Cenovus Energy (TSE:CVE) has released an update. Cenovus Energy has announced its 2025 capital budget, planning to invest between $4.6 billion and ...

Cenovus Energy Unveils 2025 Capital Strategy

Analyst Lloyd Byrne from Jefferies maintained a Buy rating on Cenovus Energy (CVE – Research Report) and keeping the price target at C$33.00. Lloyd...

Cenovus Energy: Strategic Growth and Future Prospects Justify Buy Rating

Raymond James raised the firm's price target on Cenovus Energy (CVE) to C$33 from C$32 and keeps an Outperform rating on the shares. Published firs...

Cenovus Energy price target raised to C$33 from C$32 at Raymond James

In a report released today, Randy Ollenberger from BMO Capital maintained a Buy rating on Cenovus Energy (CVE – Research Report), with a price targ...

BMO Capital Sticks to Its Buy Rating for Cenovus Energy (CVE)

Miller-Howard North American Energy Q3 2024 Commentary

Investing in oil and gas is appealing due to steady demand, modest price recoveries, rising consumption, and a positive market outlook, as well as strong financial performance. Therefore, it could be wise to consider top oil and gas stocks such as Cenovus Energy (CVE), Obsidian Energy (OBE), and Suncor Energy (SU) amid this rebound. Read on... The oil &amp; gas market is poised for substantial growth, amid stable demand and surging industrial activity fueling steady demand for refined petroleum products. While clean energy technologies continue to advance, the shift from fossil fuels remains gradual, solidifying oil &amp; gas' critical role in powering the global economy in the near term.
With countries like the U.S., Canada, Guyana, and Argentina boosting production, now may be a smart time to consider strong oil stocks like Cenovus Energy (<a href="https://stocknews.com/stock/CVE/">CVE</a>), Obsidian Energy Ltd. (<a href="https://stocknews.com/stock/OBE/">OBE</a>), and Suncor Energy (<a href="https://stocknews.com/stock/SU/">SU</a>).
Oil prices rebounded <a href="https://www.reuters.com/business/energy/oil-trims-losses-tight-near-term-supply-2024-11-13/">slightly</a> after hitting some lows, driven by short-covering and signaling a modest recovery. According to the EIA, global oil consumption is set to climb by 1.0 million barrels per day (b/d) in 2024, with further growth to <a href="https://www.eia.gov/outlooks/steo/">1.2 million b/d in 2025</a>, fueling optimism in the market. The Henry Hub natural gas prices are expected to rise to $2.80 per MMBtu in Q1 2025, driven by strong seasonal winter demand. Meanwhile, interest rate cuts and favorable policies are expected to support growth, making <a href="https://www2.deloitte.com/us/en/insights/industry/oil-and-gas/oil-and-gas-industry-outlook.html">2025 a robust year</a>.
Furthermore, the oil &amp; gas outlook is positive due to strong financial performance, investments in low-carbon technologies, and increased efficiency. Considering these favorable trends and strong demand, let's now explore the fundamentals of the three featured <a href="https://stocknews.com/category/energy-oil-gas/">Energy - Oil &amp; Gas</a> stocks, starting with number three.
Stock #3: Cenovus Energy Inc. (<a href="https://stocknews.com/stock/CVE/">CVE</a>)
Headquartered in Calgary, Canada, CVE and its subsidiaries develop, produce, refine, transport, and market crude oil, natural gas, and refined petroleum products internationally. The company operates through the Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin, CVE's 8.28% is 18.6% higher than the 6.98% industry average. Likewise, its 1.02x trailing-12-month asset turnover ratio is 114.6% higher than the 0.48x industry average. Furthermore, its 8.03% trailing-12-month Return on Total Capital is 14.3% higher than the 7.02% industry average.
CVE's revenues for the third quarter ended September 30, 2024, were C$14.25 billion ($10.14 billion), with earnings before income tax at C$1.02 billion ($725.85 million). For the same quarter, net earnings were C$820 million ($583.53 million) or C$0.42 per common share. Additionally, the company's adjusted funds flow stood at C$1.96 billion ($1.39 billion) or C$1.05 per share.
For the quarter ending December 31, 2024, CVE's EPS and revenue are expected to increase 19.1% and 15.9% year-over-year to $0.33 and $11.31 billion, respectively. CVE's stock has declined 6.9% over the past month to close the last trading session at $15.02.
CVE's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this positive outlook. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
Within the <a href="https://stocknews.com/category/energy-oil-gas/">Energy - Oil &amp; Gas</a> industry, it is ranked #14 out of 77 stocks. It has a B grade for Quality. To see the other ratings of CVE for Growth, Value, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/CVE/">click here</a>.
Stock #2: Obsidian Energy Ltd. (<a href="https://stocknews.com/stock/OBE/">OBE</a>)
Headquartered in Calgary, Canada, OBE engages in the exploration, production, and development of oil and natural gas properties in Western Canada.
In terms of the trailing-12-month gross profit margin, OBE's 62.93% is 36.8% higher than the 46.01% industry average. Similarly, its 27.52% trailing-12-month EBIT margin is 41.2% higher than the 19.49% industry average. Its 63.50% trailing-12-month EBITDA margin is 83.2% higher than the 34.66% industry average.
In the second quarter ending June 30, 2024, OBE's production revenues increased 8.9% year-over-year to C$218.20 million ($155.28 million), and funds flow from operations grew 26.1% year-over-year to C$124.70 million ($88.74 million). Moreover, the company's net income stood at C$33.20 million ($23.63 million), or $0.42 per share, up 33.9% and 40% from the previous year's quarter, respectively.
Analysts expect OBE's revenue for fiscal 2024 to increase 6.9% year-over-year to $571.42 million. Its EPS for fiscal 2025 is expected to rise 17.5% year-over-year to $4.59. Over the past three months, the stock has declined 10.3% to close the last trading session at $5.31.
OBE's POWR Ratings reflect its bright prospects. It has an overall rating of B, translating to a Buy in our proprietary rating system.
It has a B grade for Value. Within the same industry, OBE is ranked #10. To access OBE's additional grades for Growth, Momentum, Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/OBE/">click here</a>.
Stock #1: Suncor Energy Inc. (<a href="https://stocknews.com/stock/SU/">SU</a>)
Headquartered in Calgary, Canada, SU operates as an integrated energy company in Canada, the United States, and internationally. It operates through three segments: Oil Sands, Exploration and Production, and Refining and Marketing.
In terms of the trailing-12-month Return on Common Equity, SU's 18.46% is 50.4% higher than the 12.28% industry average. Its 15.73% trailing-12-month net income margin is 37.3% higher than the 11.45% industry average. Also, its 8.84% trailing-12-month Return on Total Assets is 76.1% higher than the 5.02% industry average.
During the third quarter which ended September 30, 2024, SU's adjusted operating earnings were C$1.87 billion ($1.33 billion), or C$1.48 per common share. Likewise, the company's adjusted funds from operations were C$3.79 billion ($2.70 billion), or C$2.98 per common share, reflecting year-over-year increases of 4.2% and 6.4%, respectively.
Street expects SU's revenue for the quarter ending March 31, 2025, to increase 4.1% year-over-year to $9.50 billion. Its EPS for fiscal 2024 is expected to grow 1% year-over-year to $3.81. SU surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 19.5% to close the last trading session at $38.27.
SU's POWR Ratings reflect its solid fundamentals. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It is ranked #7 in the Energy – Oil &amp; Gas industry. It has an A grade for Quality and a B for Momentum and Stability. <a href="https://stocknews.com/stock/SU/">Click here</a> to see the additional grades of SU for Growth, Value,  and Sentiment.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
SU shares were trading at $38.40 per share on Friday afternoon, down $0.75 (-1.92%). Year-to-date, SU has gained 25.13%, versus a 29.20% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/su-cve-obe-3-oil-gas-stocks-positioned-for-a-market-rebound/>3 Oil & Gas Stocks Positioned for a Market Rebound</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Oil & Gas Stocks Positioned for a Market Rebound

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Fission Uranium (FCUUF – Research Report), Civitas Res...

Analysts Offer Insights on Energy Companies: Fission Uranium (OtherFCUUF), Civitas Resources (CIVI) and Cenovus Energy (CVE)

Athabasca Oil: 2025 Guidance

In a report released on December 20, Lloyd Byrne from Jefferies maintained a Buy rating on Cenovus Energy (CVE – Research Report), with a price tar...

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Cenovus Energy (NYSE:CVE) 주식, 공매도 수량 보고

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