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Cenovus Energy Inc. (CVE.TO)

CAD39.12 +0.00 (+0.00%)
CA TSX Energy Oil & Gas Integrated
Address 225, 6 Avenue South West T2P 0M5
Calgary, AB, CA
CEO Jonathan McKenzie
IPO 2009-11-02
ISIN CA15135U1093

Explore sections of this company profile

Also trades on New York Stock Exchange · CVE (USD) Toronto Stock Exchange · CVE.TO (CAD)
Description

Cenovus Energy Inc. is a global energy firm that, through its subsidiaries, engages in the exploration, production, and marketing of crude oil, natural gas liquids, and natural gas across Canada, the United States, and the Asia Pacific region. Its diverse operations are organized into six distinct business units: Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail. The Oil Sands division is dedicated to the development and extraction of bitumen and heavy oil resources in northern Alberta and Saskatchewan, encompassing significant projects like Foster Creek, Christina Lake, Sunrise, and Tucker, alongside its Lloydminster thermal and conventional heavy oil operations. The Conventional segment manages assets predominantly located in Alberta and British Columbia, specifically in areas such as Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake, and also holds stakes in various natural gas processing facilities. The Offshore segment focuses on exploration and development initiatives. Within Canadian Manufacturing, the company oversees the Lloydminster upgrading and asphalt refining complex, which processes heavy oil and bitumen into synthetic crude, diesel, asphalt, and other ancillary products; this segment also manages the Bruderheim crude-by-rail terminal and two ethanol production facilities. The U.S. Manufacturing arm specializes in refining crude oil to yield products such as diesel, gasoline, jet fuel, and asphalt. Lastly, the Retail segment is responsible for distributing and selling both its own and third-party refined petroleum products through retail, commercial, bulk outlets, and wholesale channels. Cenovus Energy Inc. was established in 2009 and its corporate headquarters are located in Calgary, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD39.12 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
7M
Beta
0.51
Float Shares
1.34B
Free Float %
71.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.55% +2.15% +11.26% +37.20% +56.75% +71.53% +107.88% +85.26% +314.90% +109.08% +40.74%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (27 ratings, all time) Hold
Price Targets & DCF
Current price
39.12
DCF (Unlevered) 39.91 +2.0%
DCF (Levered) 41.16 +5.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 94% Bullish
Rating 2026-05 Change
Strong Buy 6 +1
Buy 11 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.80
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Oil & Gas Integrated: -4.1%
    -8.4% Q1'26: -7.1% (vs Q1'25)
  • EPS growth Oil & Gas Integrated: +4.4%
    +28.7% Q1'26: +76.6% (vs Q1'25)
  • FCF margin FCF growth · Oil & Gas Integrated: -6.1%
    +7.3% Q1'26: +8.4% (vs Q1'25)
  • EBIT margin Oil & Gas Integrated: +12.4%
    +8.8% Q1'26: +18.6% (vs Q1'25)
  • ROIC Oil & Gas Integrated: +5.6%
    +8.4% Q1'26: +15.8% (vs Q1'25)
  • Share dilution Oil & Gas Integrated: +0.6%
    -2.3% Q1'26: +2.6% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Oil & Gas Integrated: 0.90×
    1.73× Q1'26: 0.90× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.52) × ERP
WACC = 81% × Ke + 19% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 39.46 Current price: 39.12
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
4 Rev. Ana.
5 EPS Ana.
Dec 2027
4 Rev. Ana.
7 EPS Ana.
Dec 2028
1 Rev. Ana.
7 EPS Ana.
Dec 2029
1 Rev. Ana.
2 EPS Ana.
Dec 2030
1 Rev. Ana.
5 EPS Ana.
Revenue
15.70B
est: 15.05B (+4.3%)
16.84B
est: 16.80B (+0.2%)
18.66B
est: 19.09B (-2.2%)
19.64B
est: 20.17B (-2.6%)
13.06B
est: 12.81B (+2.0%)
11.01B
est: 11.62B (-5.2%)
17.04B
est: 16.80B (+1.4%)
20.84B
est: 20.94B (-0.4%)
20.18B
est: 20.40B (-1.1%)
13.54B
est: 13.31B (+1.7%)
46.36B
est: 45.50B (+1.9%)
66.90B
est: 70.21B (-4.7%)
52.20B
est: 55.99B (-6.8%)
54.28B
est: 58.26B (-6.8%)
49.70B
est: 52.08B (-4.6%)
56.96B
49.06B – 63.30B
+9.4% YoY
51.50B
44.02B – 57.01B
-9.6% YoY
55.04B
53.46B – 56.62B
+6.9% YoY
49.08B
42.12B – 54.45B
-10.8% YoY
49.31B
42.32B – 54.70B
+0.5% YoY
EBITDA
3.93B
est: 3.09B (+27.2%)
3.81B
est: 4.16B (-8.3%)
3.33B
est: 4.29B (-22.3%)
3.52B
est: 2.24B (+57.2%)
3.12B
est: 2.06B (+51.1%)
519.00M
est: 1.48B (-64.8%)
4.70B
est: 176.41M (+2,563.7%)
-1.14B
est: 9.07B (-112.6%)
4.12B
est: -3.11B (+232.7%)
-238.00M
est: 2.31B (-110.3%)
6.66B
est: 2.79B (+138.7%)
13.90B
est: 2.99B (+365.0%)
10.23B
est: 10.32B (-0.8%)
9.56B
est: 10.63B (-10.1%)
9.82B
est: 9.60B (+2.3%)
10.49B
9.04B – 11.66B
+9.4% YoY
9.49B
8.11B – 10.50B
-9.6% YoY
10.14B
9.85B – 10.43B
+6.9% YoY
9.04B
7.76B – 10.03B
-10.8% YoY
9.08B
7.80B – 10.08B
+0.5% YoY
EBIT
2.56B
est: 1.36B (+88.0%)
2.23B
est: 2.22B (+0.6%)
1.56B
est: 1.55B (+0.8%)
1.52B
est: 2.14B (-29.1%)
893.00M
est: 793.74M (+12.5%)
-440.00M
est: 1.84B (-123.9%)
2.81B
est: -390.19M (+820.9%)
-3.36B
est: 407.29M (-925.2%)
1.85B
est: -2.08B (+188.8%)
-2.75B
est: 1.09B (-351.9%)
2.14B
est: 1.32B (+62.0%)
9.36B
est: 1.42B (+561.3%)
5.44B
est: 5.16B (+5.4%)
4.46B
est: 5.32B (-16.1%)
4.38B
est: 4.80B (-8.7%)
5.25B
4.52B – 5.83B
+9.4% YoY
4.75B
4.06B – 5.25B
-9.6% YoY
5.07B
4.93B – 5.22B
+6.9% YoY
4.52B
3.88B – 5.02B
-10.8% YoY
4.54B
3.90B – 5.04B
+0.5% YoY
Net Income
1.48B
est: 1.21B (+21.7%)
993.00M
est: 1.65B (-39.8%)
662.00M
est: 1.13B (-41.3%)
744.00M
est: 699.61M (+6.3%)
618.00M
est: 492.12M (+25.6%)
-545.00M
est: 561.72M (-197.0%)
2.43B
est: -814.77M (+398.0%)
-2.89B
est: 4.18B (-169.1%)
2.19B
est: -2.58B (+185.2%)
-2.38B
est: 1.45B (-263.6%)
587.00M
est: 1.76B (-66.6%)
6.45B
est: 1.88B (+242.3%)
4.11B
est: 4.75B (-13.4%)
3.14B
est: 3.31B (-5.1%)
3.93B
est: 3.52B (+11.6%)
7.65B
6.68B – 8.90B
+117.3% YoY
5.98B
4.69B – 6.87B
-21.8% YoY
5.38B
3.64B – 8.63B
-10.2% YoY
8.56B
6.98B – 9.78B
+59.2% YoY
9.21B
7.51B – 10.52B
+7.6% YoY
SGA
295.00M
est: 1.61B (-81.7%)
352.00M
est: 1.86B (-81.1%)
365.00M
est: 2.44B (-85.1%)
379.00M
est: 2.56B (-85.2%)
335.00M
est: 1.88B (-82.1%)
326.00M
est: 1.91B (-83.0%)
308.00M
est: 3.02B (-89.8%)
1.02B
est: 5.01B (-79.7%)
331.00M
est: 6.05B (-94.5%)
292.00M
est: 3.65B (-92.0%)
849.00M
est: 4.42B (-80.8%)
865.00M
est: 4.74B (-81.7%)
688.00M
est: 844.28M (-18.5%)
794.00M
est: 870.24M (-8.8%)
812.00M
est: 785.34M (+3.4%)
858.88M
739.81M – 954.50M
+9.4% YoY
776.52M
663.73M – 859.65M
-9.6% YoY
829.92M
806.07M – 853.77M
+6.9% YoY
740.07M
635.15M – 820.97M
-10.8% YoY
743.50M
638.10M – 824.77M
+0.5% YoY
EPS
1.96
est: 1.82 (+7.7%)
1.31
est: 1.87 (-29.9%)
0.88
est: 1.60 (-45.1%)
0.98
est: 1.75 (-43.9%)
0.75
est: -0.12 (+722.9%)
-0.65
est: -0.81 (+19.9%)
3.05
est: 0.71 (+328.1%)
-2.17
est: -1.05 (-107.1%)
1.79
est: 0.88 (+104.2%)
-1.94
est: -1.75 (-10.9%)
0.29
est: 0.96 (-69.7%)
3.29
est: 3.44 (-4.4%)
2.15
est: 2.53 (-15.1%)
1.68
est: 1.86 (-9.6%)
2.16
est: 1.98 (+9.3%)
4.28
3.67 – 4.89
+116.5% YoY
3.32
2.58 – 3.77
-22.5% YoY
3.68
2.00 – 4.74
+10.8% YoY
4.70
3.84 – 5.37
+27.9% YoY
5.06
4.13 – 5.78
+7.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-06 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-05 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-04 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-01 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-04-30 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-04-29 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-28 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-27 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-24 A- 4/5 4/5 4/5 5/5 1/5 3/5 3/5
2026-04-23 A- 4/5 4/5 4/5 5/5 1/5 3/5 3/5
2026-04-22 A- 4/5 4/5 4/5 5/5 1/5 3/5 3/5
2026-04-21 A- 4/5 4/5 4/5 5/5 1/5 3/5 3/5
2026-04-20 A- 4/5 4/5 4/5 5/5 1/5 3/5 3/5
2026-04-17 A- 4/5 4/5 4/5 5/5 1/5 3/5 3/5
2026-04-16 A- 4/5 4/5 4/5 5/5 1/5 3/5 3/5
2026-04-15 A- 4/5 4/5 4/5 5/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-45.27M
OE per share TTM
-0.03
Owner's Yield
-0.06%
Maintenance CapEx ratio
124.66%
Maint CapEx / Avg PPE
85.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
613.1K
Shares Outstanding
1.88B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Jonathan McKenzie President, Chief Executive Officer & Non-Independent Director 4M male
Andrew Dahlin Executive Vice President & Chief Operating Officer 2M male
Kam S. Sandhar Executive Vice President & Chief Financial Officer 2M male
John F. Soini Executive Vice-President of Upstream – Thermal & Atlantic Offshore 1M male
Jeffery G. Lawson Executive Vice President of Corporate Development & Chief Sustainability Officer 1M male
Geoffrey T. Murray Executive Vice-President of Commercial male
Eric Zimpfer Head of Downstream male
Candace Newman Senior Vice-President of People Services female
Logan Popko Senior Vice-President of Corporate & Operations Services,
Susan Anderson Senior Vice-President of Legal, General Counsel & Corporate Secretary female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits