Cenovus Energy (NYSE:CVE) 주식

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)

Civeo Corp

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 22.21% on an annualized basis producing an average annual return of 38.54%. Currently, Cenovus Energy has a market capitalization of $25.23 billion. 
Buying $100 In CVE: If an investor had bought $100 of CVE stock 5 years ago, it would be worth $523.69 today based on a price of $13.85 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/2025/1743624127_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.

News

Trading Ideas

$100 Invested In Cenovus Energy 5 Years Ago Would Be Worth This Much Today

RBC Capital analyst Greg Pardy reiterates Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) with a Outperform and maintains $25 price target.

Price Target

Reiteration

Analyst Ratings

RBC Capital Reiterates Outperform on Cenovus Energy, Maintains $25 Price Target

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 31.16% on an annualized basis producing an average annual return of 51.06%. Currently, Cenovus Energy has a market capitalization of $24.87 billion. 
Buying $1000 In CVE: If an investor had bought $1000 of CVE stock 5 years ago, it would be worth $8,298.78 today based on a price of $13.65 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/2025/1742246121_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 oil companies are trading higher as oil prices rise, supported by a weaker dollar. This came despite concerns that US tariffs could slow economic growth and dampen oil demand.

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Shares of companies in the broader energy sector are trading lower after president Trump confirmed Mar 4 tariffs, which could affect demand outlook.

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Shares of oil and gas companies are trading lower amid a rise in US crude inventories.

RBC Capital analyst Greg Pardy 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 $26 to $25.

RBC Capital Maintains Outperform on Cenovus Energy, Lowers Price Target to $25

Cenovus Energy CEO Sees Signs of Improvement In Refined Product Prices, Expects More Normal Crack Spreads This Spring; Says West White Rose Offshore Oilfield Project 88% Complete, Will Produce First Oil in 2026; Cenovus Energy Expects to See Production And Free Funds Flow Increasing In The Second Half of 2025; Cenovus Energy Exec Says U.S. Tariffs Could Drive More Canadian Oil Through Trans Mountain Pipeline to Global Markets; Says U.S. Tariffs Will Not Impact Company's Capital Spending Plans In 2025

Cenovus Energy shares are trading lower after the company reported a year-over-year decrease in Q4 adjusted EPS results and missed its revenue estimate.

Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) reported quarterly earnings of $0.87 per share. This is a 19.44 percent decrease over earnings of $1.08 per share from the same period last year. The company reported quarterly sales of $12.800 billion which missed the analyst consensus estimate of $14.164 billion by 9.63 percent. This is a 7.25 percent decrease over sales of $13.800 billion the same period last year.

Earnings

Earnings Misses

Cenovus Energy Q4 2024 Adj. EPS $0.87 Down From $1.08 YoY, Sales $12.800B Miss $14.164B Estimate

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Earnings Scheduled For February 20, 2025

Shares of several oil companies are trading higher following a drone attack on a Russian pipeline which could reduce supply.

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Shares of energy stocks are trading higher amid reports that President Donald Trump is preparing to issue a memorandum directing the U.S. Treasury to impose maximum economic pressure on Iran.

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Shares of oil-related companies are trading higher amid new U.S. sanctions towards Russia's energy supply chain.

RBC Capital analyst Greg Pardy reiterates Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) with a Outperform and maintains $28 price target.

RBC Capital Reiterates Outperform on Cenovus Energy, Maintains $28 Price Target

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.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/global/24/12/42300450/trump-told-trudeau-canada-could-avoid-tariffs-by-becoming-51st-state-a-look-at-sectors-trade-war-could-impact" target="_blank" rel="noreferrer noopener">Trump Told Trudeau Canada Could Dodge Tariffs As 51st State: Which Sectors Could Be Hit</a></li>
</ul>
Photo via Shutterstock.

Analyst Color

Mid Cap

Upgrades

Downgrades

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.

CSAN

KLXE

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RCON

Shares of oil and gas companies are trading higher After Donald Trump wins the 2024 presidential election.

CGBS

GEVO

GPRE

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

Press Releases

Cenovus announces second quarter 2024 results

Star Royalties Reports Q2 2024 Financial Results

Cenovus to hold third-quarter conference call and webcast on October 31

Cenovus announces third quarter 2024 results

Cenovus Energy announces renewal of share buyback program

Cenovus Energy announces redemption of Series 3 Preferred Shares

Cenovus announces 2025 capital budget and corporate guidance

Cenovus to hold fourth-quarter and full-year conference call and webcast on February 20

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