Cenovus Energy (NYSE:CVE) Rating Lowered to “Strong Sell” at Veritas

Cenovus Energy (NYSE:CVE) (TSE:CVE) was downgraded by research analysts at Veritas from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

A number of other research analysts have also recently commented on CVE. Royal Bank Of Canada boosted their target price on shares of Cenovus Energy from $29.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. TD Securities reaffirmed a “buy” rating on shares of Cenovus Energy in a research note on Friday. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Cenovus Energy in a research report on Tuesday, January 20th. Morgan Stanley restated an “overweight” rating on shares of Cenovus Energy in a research note on Thursday, November 20th. Finally, Wall Street Zen cut Cenovus Energy from a “buy” rating to a “hold” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.33.

Cenovus Energy Price Performance

Shares of NYSE CVE opened at $22.35 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.04. Cenovus Energy has a 1-year low of $10.23 and a 1-year high of $23.39. The company has a market capitalization of $42.02 billion, a price-to-earnings ratio of 14.61 and a beta of 0.48. The business has a 50-day moving average of $18.86 and a 200-day moving average of $17.70.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last announced its earnings results on Thursday, February 19th. The oil and gas company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.28 by $0.08. The business had revenue of $9.44 billion for 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 last year, the business posted $0.07 EPS. On average, equities analysts anticipate that Cenovus Energy will post 1.49 EPS for the current fiscal year.

Institutional Trading of Cenovus Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. J.W. Cole Advisors Inc. lifted its holdings in Cenovus Energy by 3.9% during the 4th quarter. J.W. Cole Advisors Inc. now owns 13,407 shares of the oil and gas company’s stock worth $227,000 after buying an additional 500 shares during the last quarter. Gateway Investment Advisers LLC lifted its stake in Cenovus Energy by 0.6% during the fourth quarter. Gateway Investment Advisers LLC now owns 93,986 shares of the oil and gas company’s stock worth $1,590,000 after purchasing an additional 523 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Cenovus Energy by 0.9% during the fourth quarter. International Assets Investment Management LLC now owns 65,248 shares of the oil and gas company’s stock worth $1,104,000 after purchasing an additional 565 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Cenovus Energy by 24.4% in the fourth quarter. Farther Finance Advisors LLC now owns 3,307 shares of the oil and gas company’s stock worth $56,000 after purchasing an additional 649 shares during the period. Finally, IFP Advisors Inc increased its stake in Cenovus Energy by 15.7% during the fourth quarter. IFP Advisors Inc now owns 4,839 shares of the oil and gas company’s stock valued at $82,000 after purchasing an additional 656 shares during the last quarter. Institutional investors and hedge funds own 51.19% of the company’s stock.

Trending Headlines about Cenovus Energy

Here are the key news stories impacting Cenovus Energy this week:

• Positive Sentiment: Q4 earnings beat and higher upstream production — Cenovus reported Q4 EPS above estimates driven by stronger oil sands output; that operational beat and confirmed dividends are a direct near-term positive for valuation and investor sentiment. Cenovus Energy Q4 Earnings Top Estimates
• Positive Sentiment: ATB Cormark raised target and issued a Buy — ATB Cormark upgraded its view on Cenovus and raised its target (reported twice in press releases), which supports further upside as investors track analyst price-target momentum. ATB Cormark Raised its Target Price by 15%
• Positive Sentiment: RBC Capital raised its price target and reiterated Outperform — another institutional upgrade that reinforces the buy-side narrative around Cenovus’s asset mix and dividend profile. RBC Capital Increases Cenovus Target
• Positive Sentiment: Scotiabank upgrade — a separate bank upgrade adds to the analyst momentum supporting the stock. Cenovus Upgraded at Scotiabank
• Neutral Sentiment: Sector consolidation: $38B wave in Canada’s oil patch — a large 2025 consolidation among oil-sands players could reshape asset ownership and competitive dynamics; impact on Cenovus depends on whether it gains, sells or is diluted by larger peers. Canada’s Oil Patch Consolidation Wave
• Neutral Sentiment: Suncor’s strong performance highlighted — Suncor’s record production and cost improvements spotlight competitive strength in the peer group; this can draw rotation within the sector even as it validates resilience across majors. Suncor’s Record Run
• Negative Sentiment: Wall Street Zen lowered its rating — an isolated downgrade introduces some sell-side friction and may prompt short-term profit-taking by investors watching analyst crowding. Cenovus Stock Rating Lowered

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.