Cenovus Energy (CVE) Expected to Release Earnings on Thursday

Cenovus Energy (NYSE:CVE) (TSE:CVE) is projected to post its Q2 2026 results before the market opens on Thursday, July 30th. Analysts expect the company to announce earnings of $1.11 per share and revenue of $11.7908 billion for the quarter. Individuals are encouraged to explore the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, July 30, 2026 at 11:00 AM ET.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last issued its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. Cenovus Energy had a net margin of 9.53% and a return on equity of 15.29%. The company had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $9.47 billion. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, analysts expect Cenovus Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Cenovus Energy Trading Up 0.9%

NYSE:CVE opened at $29.04 on Thursday. The company has a market cap of $54.03 billion, a PE ratio of 15.96 and a beta of 0.34. The company has a current ratio of 1.57, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The company has a 50 day simple moving average of $27.50 and a two-hundred day simple moving average of $24.65. Cenovus Energy has a 12 month low of $13.98 and a 12 month high of $32.07.

Cenovus Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.22 dividend. This is an increase from Cenovus Energy’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.0%. Cenovus Energy’s dividend payout ratio (DPR) is 35.16%.

Analysts Set New Price Targets

CVE has been the subject of several research analyst reports. Scotiabank raised Cenovus Energy to a “strong-buy” rating in a report on Friday, June 26th. Wall Street Zen raised Cenovus Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. UBS Group reissued a “buy” rating on shares of Cenovus Energy in a research report on Thursday, April 9th. Lake Street Capital set a $36.00 price target on Cenovus Energy in a research note on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Cenovus Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Cenovus Energy has a consensus rating of “Buy” and a consensus target price of $35.25.

Institutional Trading of Cenovus Energy

Several hedge funds have recently bought and sold shares of CVE. Atlas Capital Advisors Inc. purchased a new position in shares of Cenovus Energy during the 4th quarter valued at about $76,000. C M Bidwell & Associates Ltd. bought a new stake in Cenovus Energy during the 4th quarter worth approximately $133,000. Moerus Capital Management LLC bought a new stake in Cenovus Energy during the 4th quarter worth approximately $209,000. PenderFund Capital Management Ltd. purchased a new position in Cenovus Energy during the third quarter valued at approximately $170,000. Finally, Ritter Alpha LP purchased a new position in Cenovus Energy during the third quarter valued at approximately $186,000. Institutional investors own 51.19% of the company’s stock.

About Cenovus Energy

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.