Cenovus Energy (CVE) Expected to Announce Earnings on Wednesday

Cenovus Energy (NYSE:CVE) (TSE:CVE) is anticipated to post 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 review the information on the company’s upcoming Q1 2026 earning report 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 released its quarterly earnings data on Thursday, February 19th. The oil and gas company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.08. Cenovus Energy had a net margin of 7.92% and a return on equity of 13.25%. The firm had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $10.89 billion. During the same quarter in the prior year, the company posted $0.07 earnings per share. 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 Stock Up 1.9%

CVE traded up $0.55 during trading on Monday, hitting $29.82. 4,347,929 shares of the company’s stock were exchanged, compared to its average volume of 13,807,694. The company has a quick ratio of 1.04, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $24.92 and its two-hundred day moving average is $20.49. Cenovus Energy has a fifty-two week low of $11.60 and a fifty-two week high of $29.90. The stock has a market cap of $55.91 billion, a P/E ratio of 19.49 and a beta of 0.37.

Cenovus Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, March 13th. This represents a $0.80 annualized dividend and a yield of 2.7%. Cenovus Energy’s dividend payout ratio is presently 38.56%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Zacks Research upgraded shares of Cenovus Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 22nd. BMO Capital Markets reiterated an “outperform” rating on shares of Cenovus Energy in a report on Friday, February 20th. Royal Bank Of Canada increased their target price on shares of Cenovus Energy from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Veritas upgraded shares of Cenovus Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Finally, UBS Group reiterated a “buy” rating on shares of Cenovus Energy in a report on Thursday, April 9th. Four equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $29.67.

Hedge Funds Weigh In On Cenovus Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. boosted its position in Cenovus Energy by 3.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 13,407 shares of the oil and gas company’s stock worth $227,000 after purchasing an additional 500 shares during the period. Public Sector Pension Investment Board boosted its position in Cenovus Energy by 0.6% during the fourth quarter. Public Sector Pension Investment Board now owns 129,035 shares of the oil and gas company’s stock worth $2,183,000 after purchasing an additional 706 shares during the period. HighTower Advisors LLC boosted its position in Cenovus Energy by 2.5% during the fourth quarter. HighTower Advisors LLC now owns 31,345 shares of the oil and gas company’s stock worth $530,000 after purchasing an additional 752 shares during the period. Parallel Advisors LLC boosted its position in Cenovus Energy by 4.7% during the fourth quarter. Parallel Advisors LLC now owns 17,006 shares of the oil and gas company’s stock worth $288,000 after purchasing an additional 763 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its position in Cenovus Energy by 4.5% during the third quarter. Integrated Wealth Concepts LLC now owns 21,110 shares of the oil and gas company’s stock worth $359,000 after purchasing an additional 903 shares during the period. Institutional investors own 51.19% of the company’s stock.

Cenovus Energy Company Profile

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.