Cenovus Energy (CVE) Projected to Release Quarterly Earnings on Wednesday

Cenovus Energy (NYSE:CVE) (TSE:CVE) is projected to issue its Q2 2026 results before the market opens on Wednesday, July 29th. Analysts expect Cenovus Energy to post earnings of $1.11 per share and revenue of $11.8747 billion for the quarter. Individuals are encouraged to explore the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Wednesday, July 29, 2026 at 11:00 AM ET.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last posted its earnings results on Wednesday, May 6th. The oil and gas company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.05. Cenovus Energy had a return on equity of 15.29% and a net margin of 9.53%.The company had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $9.47 billion. During the same period last year, the firm earned $0.47 earnings per share. Cenovus Energy’s quarterly revenue was up 1.0% on a year-over-year basis. On average, analysts expect Cenovus Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Cenovus Energy Stock Down 4.3%

Shares of NYSE:CVE opened at $28.03 on Tuesday. The stock’s 50-day moving average is $27.39 and its 200 day moving average is $24.91. The company has a market cap of $52.16 billion, a PE ratio of 15.40 and a beta of 0.34. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.57 and a quick ratio of 1.00. Cenovus Energy has a 1 year low of $14.48 and a 1 year high of $32.07.

Cenovus Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.22 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from Cenovus Energy’s previous quarterly dividend of $0.20. Cenovus Energy’s dividend payout ratio is 34.62%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. J.W. Cole Advisors Inc. grew its stake in Cenovus Energy by 3.9% in 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 lifted 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 valued at $2,183,000 after buying an additional 706 shares during the period. HighTower Advisors LLC lifted 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 valued at $530,000 after buying an additional 752 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Cenovus Energy by 4.7% during the 4th quarter. Parallel Advisors LLC now owns 17,006 shares of the oil and gas company’s stock valued at $288,000 after buying an additional 763 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of Cenovus Energy by 4.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 21,110 shares of the oil and gas company’s stock valued at $359,000 after buying an additional 903 shares in the last quarter. Hedge funds and other institutional investors own 51.19% of the company’s stock.

Analysts Set New Price Targets

CVE has been the topic of several research analyst reports. Royal Bank Of Canada boosted their target price on Cenovus Energy from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Lake Street Capital set a $36.00 price target on Cenovus Energy in a research note on Wednesday, May 13th. Weiss Ratings upgraded shares of Cenovus Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 7th. Raymond James Financial downgraded shares of Cenovus Energy from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, May 6th. Finally, Desjardins upgraded shares of Cenovus Energy to a “moderate buy” rating in a report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Cenovus Energy currently has a consensus rating of “Buy” and a consensus price target of $35.25.

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.