Cenovus Energy (CVE) Projected to Post Earnings on Wednesday

Cenovus Energy (NYSE:CVE) (TSE:CVE) will likely be posting its Q1 2026 results before the market opens on Wednesday, May 6th. Analysts expect Cenovus Energy to post earnings of $0.56 per share and revenue of $9.4709 billion for the quarter. Individuals may visit the the company’s upcoming Q1 2026 earning results page for the latest details on the call scheduled for Wednesday, May 6, 2026 at 11:00 AM ET.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last issued its quarterly earnings results on Thursday, February 19th. The oil and gas company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.08. The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $10.89 billion. Cenovus Energy had a return on equity of 13.25% and a net margin of 7.92%.During the same period in the previous year, the firm posted $0.07 EPS. On average, analysts expect Cenovus Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Cenovus Energy Trading Up 1.7%

CVE traded up $0.50 during trading on Tuesday, hitting $30.48. The company’s stock had a trading volume of 12,894,739 shares, compared to its average volume of 13,815,533. The firm’s 50 day moving average price is $24.92 and its 200-day moving average price is $20.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.04. The stock has a market cap of $57.14 billion, a PE ratio of 19.92 and a beta of 0.37. Cenovus Energy has a twelve month low of $11.60 and a twelve month high of $30.85.

Cenovus Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. Cenovus Energy’s payout ratio is currently 37.91%.

Institutional Trading of Cenovus Energy

A number of institutional investors have recently added to or reduced their stakes in CVE. Jones Financial Companies Lllp boosted its position in Cenovus Energy by 574.8% during the 1st quarter. Jones Financial Companies Lllp now owns 21,607 shares of the oil and gas company’s stock worth $301,000 after purchasing an additional 18,405 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Cenovus Energy by 6.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 747,472 shares of the oil and gas company’s stock worth $10,397,000 after purchasing an additional 44,125 shares during the period. Prudential Financial Inc. purchased a new stake in Cenovus Energy during the 2nd quarter worth $525,000. EverSource Wealth Advisors LLC lifted its holdings in Cenovus Energy by 57.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,912 shares of the oil and gas company’s stock worth $67,000 after buying an additional 1,800 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Cenovus Energy in the 2nd quarter worth $495,000. 51.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CVE. Veritas raised shares of Cenovus Energy from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. UBS Group reissued a “buy” rating on shares of Cenovus Energy in a research note on Thursday, April 9th. Royal Bank Of Canada boosted their price objective on shares of Cenovus Energy from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Cenovus Energy in a research note on Friday, April 24th. Finally, The Goldman Sachs Group boosted their price objective on shares of Cenovus Energy from $22.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Four analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Cenovus Energy currently has an average rating of “Buy” and a consensus target price of $29.67.

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.