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How to buy Cenovus Energy stock
Own Cenovus Energy stock in just a few minutes.
Cenovus Energy Inc is an oil & gas integrated business based in the US. Cenovus Energy shares (CVE) are listed on the NYSE and all prices are listed in US Dollars. Cenovus Energy employs 2,413 staff and has a market cap (total outstanding shares value) of USD$15 billion.
How to buy shares in Cenovus Energy
- Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for Cenovus Energy. Find the stock by name or ticker symbol: CVE. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Cenovus Energy reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Cenovus Energy, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Cenovus Energy. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- CVE shares summary
- Compare share dealing platforms
- Is CVE stock a buy or sell?
- Stock performance over time
- Can I short CVE shares?
- Is CVE suitable for ethical investing?
- Are CVE shares over-valued?
- Cenovus Energy's financials
- How volatile are CVE shares?
- Does Cenovus Energy pay a dividend?
- Other common questions
Cenovus Energy share price
Use our graph to track the performance of CVE stocks over time.Cenovus Energy shares at a glance
Information last updated 2021-03-03.
| 52-week range | USD$1.41 - USD$7.72 |
|---|---|
| 50-day moving average | USD$6.5142 |
| 200-day moving average | USD$5.1487 |
| Wall St. target price | USD$10.85 |
| PE ratio | 27.0239 |
| Dividend yield | USD$0.15 (2.02%) |
| Earnings per share (TTM) | USD$-0.424 |
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
Is it a good time to buy Cenovus Energy stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Is Cenovus Energy under- or over-valued?
Valuing Cenovus Energy stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cenovus Energy's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Cenovus Energy's P/E ratio
Cenovus Energy's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 27x. In other words, Cenovus Energy shares trade at around 27x recent earnings.
That's comparable to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29).
Cenovus Energy's PEG ratio
Cenovus Energy's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.45. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Cenovus Energy's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Cenovus Energy financials
| Gross profit TTM | USD$1.2 billion |
|---|---|
| Return on assets TTM | -4.61% |
| Return on equity TTM | -13.25% |
| Profit margin | -17.99% |
| Book value | $11.393 |
| Market capitalisation | USD$15 billion |
TTM: trailing 12 months
Shorting Cenovus Energy shares
There are currently 18.3 million Cenovus Energy shares held short by investors – that's known as Cenovus Energy's "short interest". This figure is 5.4% down from 19.3 million last month.
There are a few different ways that this level of interest in shorting Cenovus Energy shares can be evaluated.
Cenovus Energy's "short interest ratio" (SIR)
Cenovus Energy's "short interest ratio" (SIR) is the quantity of Cenovus Energy shares currently shorted divided by the average quantity of Cenovus Energy shares traded daily (recently around 10.9 million). Cenovus Energy's SIR currently stands at 1.68. In other words for every 100,000 Cenovus Energy shares traded daily on the market, roughly 1680 shares are currently held short.
However Cenovus Energy's short interest can also be evaluated against the total number of Cenovus Energy shares, or, against the total number of tradable Cenovus Energy shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Cenovus Energy's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Cenovus Energy shares in existence, roughly 10 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable Cenovus Energy shares, roughly 0 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Cenovus Energy.
Find out more about how you can short Cenovus Energy stock.
Cenovus Energy's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Cenovus Energy.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Cenovus Energy's total ESG risk score
Total ESG risk: 37.69
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Cenovus Energy's overall score of 37.69 (as at 01/01/2019) is pretty weak – landing it in it in the 77th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Cenovus Energy is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Cenovus Energy's environmental score
Environmental score: 22.07/100
Cenovus Energy's environmental score of 22.07 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Cenovus Energy is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Cenovus Energy's social score
Social score: 14.44/100
Cenovus Energy's social score of 14.44 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Cenovus Energy is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Cenovus Energy's governance score
Governance score: 12.67/100
Cenovus Energy's governance score puts it squarely in the 8th percentile of companies rated in the same sector. That could suggest that Cenovus Energy is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Cenovus Energy's controversy score
Controversy score: 1/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Cenovus Energy scored a 1 out of 5 for controversy – the highest score possible, reflecting that Cenovus Energy has managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
Cenovus Energy Inc was last rated for ESG on: 2019-01-01.
| Total ESG score | 37.69 |
|---|---|
| Total ESG percentile | 77.3 |
| Environmental score | 22.07 |
| Environmental score percentile | 8 |
| Social score | 14.44 |
| Social score percentile | 8 |
| Governance score | 12.67 |
| Governance score percentile | 8 |
| Level of controversy | 1 |
Cenovus Energy share dividends
We're not expecting Cenovus Energy to pay a dividend over the next 12 months.
Cenovus Energy share price volatility
Over the last 12 months, Cenovus Energy's shares have ranged in value from as little as $1.41 up to $7.72. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Cenovus Energy's is 3.7904. This would suggest that Cenovus Energy's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Cenovus Energy overview
Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States and the Asia Pacific region. The company operates through Oil Sands, Conventional, and Refining and Marketing segments. The Oil Sands segment develops and produces bitumen in northeast Alberta. Its bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development. The Conventional segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas of British Columbia and Alberta, as well as various interests in natural gas processing facilities. The Refining and Marketing segment transports and sells crude oil, natural gas, and NGLs. This segment owns a 50% ownership in Wood River and Borger refineries located in the United States; and owns and operates a crude-by-rail terminal in Alberta. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.
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