Cenovus Energy (NYSE:CVE) Upgraded at Scotiabank

Scotiabank upgraded shares of Cenovus Energy (NYSE:CVE) (TSE:CVE) from a hold rating to a strong-buy rating in a research note issued to investors on Friday morning,Zacks.com reports.

A number of other research firms have also recently commented on CVE. Morgan Stanley restated an “overweight” rating on shares of Cenovus Energy in a research report on Thursday, November 20th. Weiss Ratings restated a “hold (c)” rating on shares of Cenovus Energy in a report on Tuesday, January 27th. TD Securities reiterated a “buy” rating on shares of Cenovus Energy in a report on Friday. BMO Capital Markets reiterated an “outperform” rating on shares of Cenovus Energy in a research report on Friday. Finally, Wall Street Zen upgraded shares of Cenovus Energy from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.33.

Cenovus Energy Price Performance

Cenovus Energy stock opened at $22.58 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.04 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $42.44 billion, a P/E ratio of 14.75 and a beta of 0.48. The business has a 50-day moving average of $18.65 and a 200-day moving average of $17.59. Cenovus Energy has a 1 year low of $10.23 and a 1 year high of $23.39.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last released its quarterly earnings data on Thursday, February 19th. The oil and gas company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.08. The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $10.89 billion. Cenovus Energy had a net margin of 7.92% and a return on equity of 13.25%. During the same quarter last year, the firm earned $0.07 EPS. On average, equities analysts anticipate that Cenovus Energy will post 1.49 EPS for the current year.

Cenovus Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, March 13th. Cenovus Energy’s dividend payout ratio (DPR) is presently 37.25%.

Institutional Investors Weigh In On Cenovus Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVE. Financial Management Professionals Inc. purchased a new stake in shares of Cenovus Energy during the fourth quarter valued at approximately $25,000. Transamerica Financial Advisors LLC increased its position in shares of Cenovus Energy by 1,302.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,543 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 1,433 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Cenovus Energy during the 2nd quarter worth $27,000. NBC Securities Inc. boosted its holdings in shares of Cenovus Energy by 961.5% in the 4th quarter. NBC Securities Inc. now owns 1,656 shares of the oil and gas company’s stock worth $28,000 after buying an additional 1,500 shares during the last quarter. Finally, Allworth Financial LP grew its position in Cenovus Energy by 104.3% during the second quarter. Allworth Financial LP now owns 2,288 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 1,168 shares during the period. Hedge funds and other institutional investors own 51.19% of the company’s stock.

More Cenovus Energy News

Here are the key news stories impacting Cenovus Energy this week:

• Positive Sentiment: Q4 earnings beat and margin improvement: Cenovus reported Q4 EPS above consensus ($0.36 vs. $0.28) and showed stronger margins versus a year ago — a primary reason shares initially rallied after the report. Zacks: Q4 Earnings Top Estimates
• Positive Sentiment: Strong cash flow, production and throughput: Management reported roughly $2.4B cash from operations, $2.7B adjusted funds flow and ~$1.3B free funds flow, plus record upstream production and high downstream utilization — all supportive of dividends, buybacks and deleveraging. GlobeNewswire: Q4 and FY2025 Results
• Positive Sentiment: One‑time currency gain helped results: Cenovus recorded an approximately C$800M annual currency gain that magnified year‑over‑year comparisons, improving reported profitability despite weaker realized prices. Seeking Alpha: Currency Gain Magnifies Quarter
• Positive Sentiment: Dividend declared: Cenovus announced a quarterly dividend of $0.20/share (ex‑dividend March 13), providing ~3.5% yield which supports income‑oriented investors and can underpin the share price. GlobeNewswire: Q4 Release (dividend)
• Neutral Sentiment: Analyst mix and institutional flows: Analysts remain skewed bullish (several Outperform/Buy ratings and a median target near $28) but institutions reported large, mixed portfolio moves — a source of volatility but not a clear directional signal. QuiverQuant: Earnings recap & holdings
• Negative Sentiment: Valuation and oil sensitivity concerns: A Zacks piece warns CVE is near its 52‑week high after a ~58% run, noting rising valuation and sensitivity to weakening WTI forecasts as a near‑term downside risk for the stock. Zacks: Valuation Caution
• Negative Sentiment: Zacks Rank moved CVE to Strong Sell list: Zacks added CVE to its Rank #5 list on Feb 19, which can pressure sentiment and trigger short‑term selling by quantitatively driven funds. Zacks: New Strong Sell Stocks

Cenovus Energy Company Profile

Cenovus Energy Inc is a Canadian integrated energy company engaged in the exploration, development and production of crude oil, natural gas liquids and natural gas, together with downstream refining and marketing activities. Headquartered in Calgary, Alberta, Cenovus operates a mix of oil sands thermal and dilbit assets, conventional oil and gas properties, and owns refining and midstream assets designed to move and process hydrocarbons into finished petroleum products for commercial markets.

The company was originally formed as a spin‑off from Encana Corporation in 2009 and has grown through organic development and strategic acquisitions.