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Cenovus Energy Inc (CVE)

Upturn stock ratingUpturn stock rating
$15.13
Last Close (24-hour delay)
Profit since last BUY12.07%
upturn advisory
Consider higher Upturn Star rating
BUY since 63 days
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Upturn Advisory Summary

08/14/2025: CVE (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

19 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $15.36

1 Year Target Price $15.36

Analysts Price Target For last 52 week
$15.36 Target price
52w Low $10.13
Current$15.13
52w High $19.32

Analysis of Past Performance

Type Stock
Historic Profit 22.2%
Avg. Invested days 55
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 27.36B USD
Price to earnings Ratio 14.41
1Y Target Price 15.36
Price to earnings Ratio 14.41
1Y Target Price 15.36
Volume (30-day avg) 19
Beta 1.32
52 Weeks Range 10.13 - 19.32
Updated Date 08/15/2025
52 Weeks Range 10.13 - 19.32
Updated Date 08/15/2025
Dividends yield (FY) 4.92%
Basic EPS (TTM) 1.05

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 2025-07-30
When Before Market
Estimate 0.1699
Actual 0.2457

Profitability

Profit Margin 5.12%
Operating Margin (TTM) 5.88%

Management Effectiveness

Return on Assets (TTM) 4.14%
Return on Equity (TTM) 9%

Valuation

Trailing PE 14.41
Forward PE 16.47
Enterprise Value 33162850388
Price to Sales(TTM) 0.52
Enterprise Value 33162850388
Price to Sales(TTM) 0.52
Enterprise Value to Revenue 0.82
Enterprise Value to EBITDA 5.11
Shares Outstanding 1799750016
Shares Floating 1256154208
Shares Outstanding 1799750016
Shares Floating 1256154208
Percent Insiders 30.69
Percent Institutions 49.53

ai summary icon Upturn AI SWOT

Cenovus Energy Inc

stock logo

Company Overview

overview logo History and Background

Cenovus Energy Inc. was formed in 2009 as a spin-off from Encana Corporation (now Ovintiv). It is headquartered in Calgary, Alberta, Canada. Cenovus focused on oil sands development and conventional oil and gas production. A major milestone was the acquisition of Husky Energy in 2021, diversifying its operations.

business area logo Core Business Areas

  • Oil Sands: Extraction and upgrading of bitumen from oil sands deposits. Cenovus's oil sands assets are a major contributor to its production.
  • Conventional Oil: Production of conventional crude oil and natural gas from various fields across North America.
  • Refining and Marketing: Refining crude oil into gasoline, diesel, and other products, and marketing these products through various channels. Acquired through the Husky merger.
  • Offshore: Exploration and production from offshore assets, primarily in the Atlantic region (acquired from Husky).

leadership logo Leadership and Structure

Cenovus Energy Inc. is led by CEO Jon McKenzie. The company has a typical corporate structure with a board of directors and executive management team overseeing various departments like operations, finance, and strategy.

Top Products and Market Share

overview logo Key Offerings

  • Bitumen: Raw bitumen extracted from oil sands. Cenovus is a major producer and seller of bitumen. Market share is difficult to specify due to integration downstream, but Cenovus is a top producer in the Canadian oil sands. Competitors include Suncor, Canadian Natural Resources, and Imperial Oil.
  • Upgraded Crude Oil: Bitumen that has been upgraded into synthetic crude oil, which is easier to refine. Cenovus upgrades a portion of its bitumen production. Market share data is hard to quantify but they are a major Canadian producer. Competitors: Suncor, Canadian Natural Resources.
  • Refined Petroleum Products: Gasoline, diesel, jet fuel, and other refined products. These are produced at Cenovus' refineries. Market share is regionally focused. Competitors include Valero, Marathon Petroleum, and Phillips 66.

Market Dynamics

industry overview logo Industry Overview

The energy industry is highly cyclical and influenced by global supply and demand dynamics. Oil prices are subject to volatility based on geopolitical events, economic conditions, and technological advancements. Environmental regulations and carbon pricing also play a significant role.

Positioning

Cenovus is a large integrated oil and gas company with a strong focus on oil sands. Its competitive advantages include its large reserve base, integrated operations, and technological expertise in oil sands extraction and upgrading. The company also has refining capacity.

Total Addressable Market (TAM)

The global oil and gas market is estimated to be in the trillions of dollars. Cenovus is positioned to capture a share of this market through its oil sands production, conventional oil and gas operations, and refining and marketing businesses.

Upturn SWOT Analysis

Strengths

  • Large oil sands reserve base
  • Integrated operations (upstream, midstream, downstream)
  • Technological expertise in oil sands extraction
  • Strong financial position (improving post-Husky acquisition)
  • Significant refining capacity

Weaknesses

  • High carbon intensity of oil sands production
  • Exposure to volatile oil prices
  • Higher operating costs compared to conventional oil production
  • Geographic concentration in Western Canada

Opportunities

  • Increasing global demand for oil
  • Technological advancements in carbon capture and storage
  • Potential for further integration and cost optimization
  • Expansion into new markets
  • Government support for energy transition initiatives

Threats

  • Fluctuations in oil prices
  • Increasing environmental regulations and carbon taxes
  • Competition from other oil and gas producers
  • Geopolitical risks
  • Shifting investor sentiment towards sustainable energy

Competitors and Market Share

competitor logo Key Competitors

  • SU
  • CVE
  • IMO

Competitive Landscape

Cenovus competes with other major oil and gas producers, particularly in the Canadian oil sands. Its competitive advantage lies in its large reserve base and integrated operations. Its disadvantages include its high carbon intensity and geographic concentration.

Major Acquisitions

Husky Energy

  • Year: 2021
  • Acquisition Price (USD millions): 23600
  • Strategic Rationale: The acquisition of Husky Energy diversified Cenovus' operations, adding refining, marketing, and offshore assets, and creating significant cost synergies.

Growth Trajectory and Initiatives

Historical Growth: Cenovus' historical growth has been driven by its oil sands production and acquisitions. The Husky acquisition significantly increased its scale and diversification.

Future Projections: Analyst estimates for Cenovus' future growth will depend on oil price forecasts, production growth, and cost optimization efforts. Integration with Husky will continue to be a focus.

Recent Initiatives: Recent initiatives include debt reduction, cost synergy capture related to Husky, and investment in emission reduction technologies.

Summary

Cenovus Energy is a large integrated oil and gas company with a strong position in the Canadian oil sands. The Husky acquisition transformed the company adding more refining and diversified assets. Challenges include managing debt, reducing emissions and dealing with oil price volatility. Cenovus is focused on optimizing operations and deleveraging its balance sheet and long-term value creation.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company website
  • SEC filings
  • Analyst reports
  • Industry publications

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor. Market share percentages are estimates and may not reflect precise figures.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 7150

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.