Cenovus Energy (CVE) closed at $13.07, down 1.13% in the latest trading session, which outperformed the S&P 500’s loss of 0.91% and the Dow’s decline of 1.5% on the same day. Over the past month, shares have declined by 13.03%, while the Oils-Energy sector fell 4.23% and the S&P 500 dropped 7.38%.
The company is set to release earnings on an unspecified date, with analysts expecting earnings of $0.40 per share—a 13.04% year-over-year decline—and revenue of $9.53 billion, a 4.11% decrease from the previous year. For the entire fiscal year, earnings are projected at $1.63 per share and revenue at $38.09 billion, showing a 33.61% increase in earnings but a 3.95% decline in revenue.
Cenovus Energy currently holds a Zacks Rank of #3 (Hold) and is trading at a Forward P/E ratio of 8.14, compared to the industry average of 9.8. The Oil and Gas – Integrated – Canadian industry ranks 162 out of over 250, placing it in the bottom 36% of all industries evaluated by Zacks.
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