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CVE 
Cenovus Energy Inc (CVE)
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Upturn Advisory Summary
01/09/2026: CVE (3-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
19 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $18.59
1 Year Target Price $18.59
| 8 | Strong Buy |
| 9 | Buy |
| 1 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 35% | Avg. Invested days 77 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 30.92B USD | Price to earnings Ratio 13.11 | 1Y Target Price 18.59 |
Price to earnings Ratio 13.11 | 1Y Target Price 18.59 | ||
Volume (30-day avg) 19 | Beta 0.71 | 52 Weeks Range 9.96 - 18.60 | Updated Date 01/9/2026 |
52 Weeks Range 9.96 - 18.60 | Updated Date 01/9/2026 | ||
Dividends yield (FY) 4.79% | Basic EPS (TTM) 1.25 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 6.09% | Operating Margin (TTM) 11% |
Management Effectiveness
Return on Assets (TTM) 4.8% | Return on Equity (TTM) 10.84% |
Valuation
Trailing PE 13.11 | Forward PE 14.43 | Enterprise Value 36842283059 | Price to Sales(TTM) 0.6 |
Enterprise Value 36842283059 | Price to Sales(TTM) 0.6 | ||
Enterprise Value to Revenue 0.93 | Enterprise Value to EBITDA 5.49 | Shares Outstanding 1886402694 | Shares Floating 1461165441 |
Shares Outstanding 1886402694 | Shares Floating 1461165441 | ||
Percent Insiders 29.21 | Percent Institutions 53.3 |
Upturn AI SWOT
Cenovus Energy Inc
Company Overview
History and Background
Cenovus Energy Inc. was formed in 2009 as a spin-off from Encana Corporation. Its significant milestones include the 2017 acquisition of ConocoPhillips' Western Canadian assets and the 2021 merger with Husky Energy, significantly expanding its integrated oil sands and refining operations. The company is headquartered in Calgary, Alberta, Canada.
Core Business Areas
- Oil Sands: Production of crude oil and natural gas from oil sands reservoirs, primarily in Alberta. This involves in-situ extraction methods.
- Offshore: Production of crude oil from offshore assets, primarily in the Atlantic region of Canada.
- Refining and Marketing: Operation of refineries and marketing of refined products, including gasoline, diesel, and jet fuel, integrated with upstream production.
- Midstream: Transportation and processing of crude oil and natural gas through pipelines and processing facilities.
Leadership and Structure
Cenovus Energy is led by a President and Chief Executive Officer, supported by an executive leadership team responsible for various operational and corporate functions. The company operates under a board of directors overseeing strategy and governance.
Top Products and Market Share
Key Offerings
- Synthetic Crude Oil: A light, sweet crude oil produced from oil sands. Competitors include Canadian Natural Resources Limited (CNQ), Suncor Energy Inc. (SU), Imperial Oil Ltd. (IMO), and other major oil sands producers. Market share is difficult to quantify precisely for individual products but is significant within Canadian oil sands production.
- Refined Products (Gasoline, Diesel, Jet Fuel): Produced from its refining operations. Competitors include Imperial Oil Ltd. (IMO), Suncor Energy Inc. (SU), Parkland Corporation (PKI), and other refiners and fuel distributors. Market share is concentrated within the Canadian and US Midwest refining and marketing landscape.
- Natural Gas: Production of natural gas from various operations. Competitors include major North American natural gas producers. Market share is part of the broader North American natural gas market.
Market Dynamics
Industry Overview
The oil and gas industry is cyclical, influenced by global supply and demand, geopolitical events, and energy transition trends. Cenovus operates in the upstream (exploration and production) and downstream (refining and marketing) segments, facing price volatility and evolving regulatory landscapes.
Positioning
Cenovus is a significant integrated energy company in North America, particularly strong in oil sands production and refining. Its integrated model provides a competitive advantage by capturing value across the energy chain. Its competitive advantages include its large-scale oil sands assets, robust refining network, and strategic midstream infrastructure.
Total Addressable Market (TAM)
The TAM for crude oil, natural gas, and refined products is global and vast, measured in trillions of dollars annually. Cenovus is positioned as a major North American player within this market, focusing on its operational strengths and geographic advantages.
Upturn SWOT Analysis
Strengths
- Significant oil sands reserves and production capacity.
- Integrated business model with refining and marketing assets.
- Strong midstream infrastructure.
- Disciplined capital allocation and cost management.
- Experienced management team.
Weaknesses
- Exposure to commodity price volatility.
- Environmental, social, and governance (ESG) risks associated with oil sands operations.
- High capital intensity of oil sands projects.
- Reliance on pipeline infrastructure for product transport.
Opportunities
- Expansion of refining capacity and product offerings.
- Exploration of lower-carbon energy solutions and technologies.
- Potential for further consolidation in the energy sector.
- Leveraging its integrated model for greater resilience.
Threats
- Increased global competition.
- Stringent environmental regulations and carbon pricing mechanisms.
- Geopolitical instability affecting oil prices.
- Disruptions to energy supply chains.
- Shift towards renewable energy sources.
Competitors and Market Share
Key Competitors
- Canadian Natural Resources Limited (CNQ)
- Suncor Energy Inc. (SU)
- Imperial Oil Ltd. (IMO)
- Paramount Resources Ltd. (POU.TO)
Competitive Landscape
Cenovus competes on production volume, cost efficiency, product quality, and strategic integration. Its scale in oil sands and refining provides advantages, but it faces intense competition from larger, diversified energy companies.
Major Acquisitions
Husky Energy Inc.
- Year: 2021
- Acquisition Price (USD millions): 3700
- Strategic Rationale: To create a more integrated, diversified, and resilient energy company with a stronger balance sheet and enhanced competitive positioning in both upstream and downstream operations.
Growth Trajectory and Initiatives
Historical Growth: Growth has been driven by organic production increases, strategic acquisitions (notably the Husky Energy merger), and operational efficiencies. Past performance in terms of production volumes and financial results would be analyzed.
Future Projections: Analyst estimates often project future production volumes, capital expenditures, and profitability based on commodity price forecasts and planned projects. These projections are subject to inherent uncertainties.
Recent Initiatives: Key initiatives include integration of Husky Energy assets, optimization of its refining network, focus on cost reduction, and investments in lower-carbon initiatives. Commitment to debt reduction and shareholder returns are also key strategic pillars.
Summary
Cenovus Energy Inc. is a strong, integrated North American energy company with significant oil sands production and refining capabilities. Its recent merger has bolstered its scale and diversification. The company's integrated model is a key strength, but it remains susceptible to commodity price volatility and ESG pressures. Continued focus on operational efficiency, cost management, and strategic investments in lower-carbon solutions will be crucial for sustained success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations
- Financial News Outlets (e.g., Reuters, Bloomberg)
- Industry Analysis Reports
Disclaimers:
This information is for informational purposes only and does not constitute financial advice. Stock market data and company performance are subject to change. Investors should conduct their own due diligence before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Cenovus Energy Inc
Exchange NYSE | Headquaters Calgary, AB, Canada | ||
IPO Launch date 2009-11-17 | President, CEO & Non-Independent Director Mr. Jonathan M. McKenzie CA | ||
Sector Energy | Industry Oil & Gas Integrated | Full time employees 7150 | Website https://www.cenovus.com |
Full time employees 7150 | Website https://www.cenovus.com | ||
Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China. It operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments. The company develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. Its oil sand assets include Foster Creek, Christina Lake, and Sunrise projects, as well as Lloydminster thermal and conventional heavy oil assets. It also holds natural gas liquids and natural gas assets located in Alberta, British Columbia, and Northern Corridor, as well as interests in various natural gas processing facilities. In addition, the company is involved in offshore operation, exploration, and development activities; owns and operates Lloydminster upgrading and asphalt refining complex, which converts heavy oil and bitumen into synthetic crude oil, diesel, asphalt, and other ancillary products, as well as Bruderheim crude-by-rail terminal and ethanol plants; and refines crude oil to produce gasoline, diesel, jet fuel, asphalt, and other products. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.
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