Cenovus Energy Inc. (CVE) Stock

About Cenovus Energy Inc.

Cenovus Energy Inc. is an integrated energy firm involved in the exploration, extraction, processing, and sale of crude oil, natural gas liquids, and natural gas. Its operations span Canada, the United States, and the Asia Pacific region. The company organizes its extensive activities across six core segments: Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail. The Oil Sands division is responsible for developing and producing bitumen and heavy oil from significant projects in northern Alberta and Saskatchewan, including Foster Creek, Christina Lake, Sunrise, and Tucker, in addition to its Lloydminster thermal and conventional heavy oil operations. Cenovus’s Conventional segment encompasses assets primarily situated in Alberta and British Columbia, specifically in areas such as Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake, alongside holdings in various natural gas processing facilities. The Offshore segment is solely dedicated to exploration and development endeavors. Its Canadian Manufacturing segment includes the proprietary Lloydminster upgrading and asphalt refining complex, which converts heavy oil and bitumen into synthetic crude oil, diesel fuel, asphalt, and other related products. This segment also oversees the Bruderheim crude-by-rail terminal and operates two ethanol plants. The U.S. Manufacturing segment focuses on refining crude oil to produce diesel, gasoline, jet fuel, asphalt, and various other petroleum products. Finally, the Retail segment manages the distribution and sales of both its own and third-party refined petroleum products through a network of retail, commercial, and bulk petroleum outlets, as well as wholesale channels. Cenovus Energy Inc. was founded in 2009 and maintains its corporate headquarters in Calgary, Canada.

Cenovus Energy Inc. is led by CEO Jonathan McKenzie, employs 7,150 people, headquartered in Calgary, CA, publicly traded since 2009.

Cenovus Energy Inc. (CVE) stock trades at $29.07 with a market capitalization of $54.40B. The stock is valued at a price-to-earnings (P/E) ratio of 12.30, price-to-book of 1.58, price-to-sales of 1.64. Over the past 52 weeks the stock has ranged between $13.47 and $32.07, and currently trades 9.4% below its 52-week high. It pays a dividend yielding 2.23%.

On profitability, Cenovus Energy Inc. generates a return on equity (ROE) of 12.43%, above the typical market average, return on capital employed of 13.86%, an operating margin of 8.82%, a net profit margin of 9.52%.

In its most recent fiscal year, Cenovus Energy Inc. reported annual revenue of $49.7B, net profit of $3.9B, revenue has compounded at 29.0% a year over the last five years.

The balance sheet shows a debt-to-equity ratio of 0.42 — a conservative balance sheet with little leverage risk, a current ratio of 1.57, total assets of $63.4B, $2.7B in cash and equivalents.

CVE has an average daily trading volume of 8,234,731 shares, a beta of 0.51 (less volatile than the overall market).

Official website: www.cenovus.com