CVE: Cenovus Energy, Inc.
About
Cenovus Energy, Inc. is a Canadian-based integrated energy company, which engages in the provision of gas and oil. It operates through the following segments: Upstream, Downstream, and Corporate and Eliminations. The Upstream segment refers to operations of oil sands, conventional, and offshore. The Downstream segment operates the Canadian and U.S. refining. The Corporate and Eliminations segment includes the corporates costs for general and administrative. The company was founded in 1881 and is headquartered in Calgary, Canada.
Current Value
$16.041 Year Return
Current Value
$16.041 Year Return
Key Details
Market Cap
$29.32B
P/E Ratio
10.99
1Y Stock Return
-10.19%
1Y Revenue Growth
3.81%
Dividend Yield
2.32%
Price to Book
1.4
Strategies that include CVE
Stock's related to CVE
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| SU | 81.33% | $52.05B | +23.58% | 3.92% |
| IMO | 80.78% | $39.72B | +31.84% | 2.23% |
| CNQ | 79.65% | $71.04B | +1.89% | 6.81% |
| MUR | 78.88% | $4.74B | -23.99% | 3.70% |
| MGY | 78.08% | $5.36B | +26.87% | 1.90% |
| VRN | 76.47% | $3.23B | -25.43% | 6.21% |
| DVN | 76.28% | $24.90B | -14.49% | 2.84% |
| VET | 75.56% | $1.57B | -21.53% | 3.35% |
| MTDR | 75.44% | $7.21B | -1.21% | 1.47% |
| CHRD | 74.80% | $7.82B | -19.23% | 5.23% |
| OVV | 73.79% | $11.61B | -0.16% | 2.69% |
| PR | 73.40% | $10.64B | +15.08% | 3.02% |
| NOG | 72.18% | $4.10B | +9.43% | 3.97% |
| OXY | 72.13% | $47.39B | -16.87% | 1.66% |
| FANG | 71.76% | $52.59B | +18.15% | 2.79% |
| CIVI | 68.46% | $4.91B | -21.31% | 3.94% |
| SM | 68.43% | $5.02B | +16.26% | 1.68% |
| VTLE | 68.29% | $1.19B | -32.18% | 0.00% |
| EOG | 67.41% | $76.03B | +10.19% | 2.70% |
| GTE | 66.51% | $225.69M | -1.28% | 0.00% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| TVTX | 0.06% | $1.51B | +207.79% | 0.00% |
| DT | -0.06% | $15.40B | -1.30% | 0.00% |
| IRWD | -0.11% | $609.71M | -59.34% | 0.00% |
| INSP | -0.12% | $5.28B | +27.64% | 0.00% |
| IBRX | 0.12% | $3.73B | +43.05% | 0.00% |
| TEM | -0.15% | $8.50B | 0.00% | 0.00% |
| FTDR | 0.19% | $4.10B | +59.73% | 0.00% |
| LEGN | -0.22% | $7.04B | -32.93% | 0.00% |
| RYAAY | 0.22% | $24.60B | -2.90% | 0.00% |
| RNR | -0.24% | $13.74B | +23.09% | 0.58% |
| HE | -0.24% | $1.82B | -17.47% | 0.00% |
| JNJ | -0.24% | $368.37B | +1.24% | 3.18% |
| LMAT | 0.25% | $2.33B | +94.89% | 0.46% |
| ACRS | -0.25% | $327.87M | +415.67% | 0.00% |
| SMMT | 0.29% | $14.74B | +910.10% | 0.00% |
| VHC | -0.29% | $19.06M | -38.36% | 0.00% |
| PFE | -0.30% | $142.24B | -17.16% | 6.73% |
| TASK | -0.31% | $1.27B | +16.72% | 0.00% |
| MOH | -0.32% | $16.16B | -21.56% | 0.00% |
| AZO | 0.32% | $52.52B | +16.10% | 0.00% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| CHD | -22.47% | $27.18B | +19.50% | 1.03% |
| CLX | -20.38% | $20.81B | +20.66% | 2.88% |
| CBOE | -19.14% | $21.46B | +15.84% | 1.11% |
| CL | -17.64% | $76.48B | +22.25% | 2.12% |
| VRSK | -14.95% | $39.77B | +17.45% | 0.53% |
| LPTX | -14.72% | $103.46M | +10.66% | 0.00% |
| ROL | -12.84% | $23.98B | +23.53% | 1.25% |
| GPCR | -12.66% | $1.88B | -36.14% | 0.00% |
| AMT | -12.45% | $94.00B | +1.83% | 3.29% |
| CAH | -11.92% | $28.64B | +12.14% | 1.70% |
| MNOV | -11.73% | $93.19M | +2.15% | 0.00% |
| PG | -11.60% | $402.15B | +14.14% | 2.33% |
| SYK | -11.60% | $148.17B | +32.36% | 0.82% |
| QXO | -10.78% | $6.51B | -35.95% | 0.00% |
| KMB | -10.59% | $45.22B | +11.57% | 3.58% |
| HUM | -10.40% | $33.45B | -45.22% | 1.25% |
| ABT | -10.34% | $203.16B | +14.93% | 1.88% |
| CPB | -10.31% | $12.96B | +7.08% | 3.40% |
| MANU | -10.21% | $2.88B | -9.41% | 0.00% |
| REYN | -10.00% | $5.79B | +3.76% | 3.35% |
ETF's related to CVE
News
Yahoo
We recently published a list of 12 Best Stocks Under $25 To Invest In Right Now. In this article, we are going to take a look at where Cenovus Energy Inc. (NYSE:CVE) stands against other best stocks under $25 to invest in right now. A View of the US Stock Market Post-Election As reported by […]
SeekingAlpha
Cenovus Q3 performance analysis shows upstream production exceeding expectations, downstream challenges addressed & shares recommended as overweight. See more here.
SeekingAlpha
For the third quarter, the Fidelity Select Energy Portfolio fund had a return of -5.13%, trailing its benchmark Index. Click here to read the full commentary.
Yahoo
We recently published a list of 12 High Growth Large Cap Stocks to Buy Now. In this article, we are going to take a look at where Cenovus Energy Inc. (NYSE:CVE) stands against other high growth large cap stocks. BlackRock highlighted that its portfolio managers are broadly optimistic about US equities. Its portfolio managers opine that […]
Yahoo
L1 Capital, an investment management firm, released its “L1 Long Short Fund” third quarter 2024 investor letter. A copy of the letter can be downloaded here. Over the quarter, global markets moved higher, due to lower inflation data which continued to trend downward as central banks increased interest rate reductions. The portfolio returned 2.4% for […]
Yahoo
CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that the Toronto Stock Exchange (“TSX”) has approved the renewal of the company’s normal course issuer bid (“NCIB”) to purchase up to 127,489,549 common shares during the 12-month period commencing November 11, 2024 and ending November 10, 2025. Cenovus’s renewal of its share buyback program is consistent with the company’s capital allocation framework, which supports enhancing value fo
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.